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Nuveen's Bob Doll Sees Picture Brightening In Greece, Ukraine

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A cease fire in Ukraine and signs of a deal between Greece and the European Union are among reasons that Nuveen analyst Bob Doll is bullish on the stock market.

Doll penned his thoughts in a weekly investment commentary for his employer's website.

Easing geopolitical crisis and stabilizing oil are helping the market move past recent weakness, Doll said, citing last week's cease fire in eastern Ukraine and a meeting in Greece on restructuring its debt.

But despite the Ukraine cease fire, pro-Russian forces are expected by Kiev to continue attempting to take strategically important cities, The Guardian said in a report concerning a battle Wednesday.

Meanwhile, the European Union has imposed Friday as a deadline for Greece to acquiesce in negotiations that are currently deadlocked, while Greece appears recalcitrant.

"We expect global equity markets will make further gains in the coming months as the world economy improves," Doll said in comments dated Tuesday.

"U.S. economic acceleration should act as a tailwind for the rest of the world, and global monetary policy remains extremely supportive," Doll said.

 

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