The Markets in 2012

Contents

1 Leaders

1.1 Global Economy

The outlook for 2012

1.2 The Renminbi

The world’s next reserve currency?

1.3 The Case for Equities

Is fundamental valuation dead?

1.4 US Elections

Presidential prospects and implications

1.5 Investing in a Crisis

Tough times ahead but there will be opportunities

Executive Viewpoints

1.6 Brazil

Economic prospects

1.7 Risk Monitor

Ten key risks to watch out for

1.8 Inflation

Central banks looking the other way?

1.9 Trade Finance

Back in fashion

2 Economics & Geo-Politics

2.1 The Eurozone Crisis

Fast track Europe’s road map

2.2 China

Soft or hard landing?

2.3 The US Dollar

Are we entering a post-dollar world?

2.4 US: Green shoots or parched roots?

2.5 Growth Solutions

What Greece and Italy could learn from Ireland

2.6 Emerging Markets

Can they decouple?

2.7 Africa

The next frontier: who to watch

2.8 Asia

Slowing but how much?

3 Markets

3.1 US Equities

It’s all about the multiple

3.2 European Equities

Time to be bold

3.3 Asian Equities

Focus on large caps

3.4 Emerging Market Equities

Difficult year ahead

3.5 Credit

Outlook for 2012

3.6 Commodities

Can they push higher?

3.7 FX

Prospects for key exchange rates

3.8 Rates

Two scenarios

3.9 ABS

Challenges and opportunities

4 Sectors & Corporate Strategy

4.1 Outlook for Corporates

Test of nerve

4.2 M&A

Outlook for 2012

4.3 Natural Resources

Valuation disconnect

4.4 Telecoms & Media

The digital revolution

4.5 Consumer Goods

Deals on the way

4.6 Industrials

Prospects for earnings

4.7 Financial Institutions

Deleveraging

4.8 Financial Sponsors

Shifting focus

4.9 Technology

Cloud computer land

4.10 Healthcare

What’s ahead for 2012?

5 Financing, Investment & Risk Management:

5.1 Bond Market Outlook

Outlook for 2012

5.2 Equity Market Outlook

Prospects for issuers

5.3 Commercial Mortgage Backed

Securities

False boom, real dawn

5.4 Art

The waiting room

Financing, Investment & Risk Management:

Research Viewpoints

5.5 The Ideal Portfolio

What to own

5.6 European Financial Risk

How to hedge systemic risk

6 Regulation & Trading Technology

6.1 Regulatory Change

What’s ahead

6.2 Electronic Trading

Trends to watch

6.3 Centralised Clearing

Adopt early or wait and see?