Davy predicts ‘significant’ equity gains in coming year

ONE of the country’s leading stockbrokers Davy is predicting “significant gains” for major equity markets in the 12 months ahead.

The forecast is contained in the first edition of its new quarterly research bulletin called the Alpha Generator, aimed at domestic and financial institutions.

Donal O’Mahony, the group’s global strategist, said the indicators that forecast the global slump in early 2007 are turning positive and there is evidence of a major change in “sentiment” starting to take hold.