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Market underperformance could create buy opportunities in financials: Vasic

Posted on June 24, 2008

Fears of interest rate increases as a result of rising inflation in Canada, the U.S. and Europe have caused financial stocks to underperform in the past week, but this could change, George Vasic, strategist at UBS says in a note to investors.Mr. Vasic says this underperformance could create buying opportunities in financial stocks if, as he believes, the interest rate hike expectations have been an overreaction.He says inflation concerns have caused the European Central Bank to signal that interest rates will likely rise, while the market now expects the U.S. Federal Reserve to hike rates by 5...

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canada , canadian , canadian economy , interest rates , underperform