If this deal isn't approved by the U.S., it wouldn't proceed. |
The major determinant is how much does it take from Jordan as opposed to other markets which historically weren't so close to it. |
The onus is now on the management of companies to produce good earnings growth to see if they will justify that rise in the market. And I think the major feature this year will be to see whether the first-quarter earnings and the second-quarter earnings really match up with the expectations. |
There already has been a drift away from U.S. assets by Arab investors. You may well have a further drift. |
Well the key basically is the fact that the stock market is in itself cheap. Usually high, by international terms, dividend yields, and the fact that earnings plus growth prospects for the market in general are higher than other emerging markets. |