Market confidence is growing

THE bear market is over and that’s no bull, according to KBC Asset Management who say a ‘Santa Claus’ rally is on the way.

In an upbeat commentary KBC Asset Management chief investment officer, Noel O’Halloran says: “The markets are recovering - and it’s official. And it is not too greedy of investors to expect what we call a ‘Santa Claus’ rally, followed by the now traditional January rally, that is brought on as new monies are invested globally in line with a new investment year.”

Mr O’Halloran says the KBC view is based on a large number of international financial and economic indices that KBC constantly use as a guide to their investment decisions.