Palma. Stocks and shares are going to provide historically high returns on dividends, said Banca March director José Luis Jiménez yesterday, explaining that the improvement expected in financial markets has meant that businesses are not reducing their investments .
Jimenez was speaking yesterday on the presentation of a report on Banca March's predictions for 2013.
He confirmed that company profits continue to increase despite the economic crisis and weak economic growth and that in the case of Spain, a strong upturn in growth is reported due to a very low starting point after two years of major economic downturn.
In terms of the stock markets, Banca March is opting for European financial organisations and those of the United States which are likely to do better in 2013. In the case of the USA, said Jimenez, the forecast comes on top of the excellent results of recent years.
For his part, the director of Market Strategy of Banca March, Miguel Angel Garcia painted a macro-economic scene for 2013 in which growth is expected to increase after the deacceleration of 2012, although it will continue to remain modest and inferior to figures registered in the previous decade. He also said that the emerging economies will be the principal contributors to world growth and that the euro zone will gradually come out of the economic recession.
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