Monday, May 21, 2007

Global Stocks May Rise Another 7 Percent, Buoyed by Earnings, Lehman Says

(Bloomberg) -- Global stocks will probably advance 7
percent in 2007 from current levels, buoyed by earnings growth,
according to Lehman Brothers Holdings Inc.

``We remain bullish on the outlook for global equities,''
Ian Scott, a London-based equity strategist at Lehman Brothers,
the fourth-largest U.S. securities firm by market value, wrote in
a report dated today. ``Cash returned to shareholders remains
exceptionally high, while earnings continue to surprise on the
upside.''


Read more at Bloomberg Stocks News

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