Profit growth seems accessible and coherent with economic growth.

The theme of mergers and acquisitions is going to remain a real motor for stocks. No industry is sheltered from it. Today is another demonstration of that.

The principal conclusion is that we expect profit growth to continue through our new forecast horizon.

[This year's profit] growth would mainly come from the full-year contribution of the new malls and the opening of its largest mall -- the Mall of Asia.

Evidence is accumulating that growth in the fourth quarter slowed in the euro zone. Two-year bonds should profit from this development.

Our profit growth was a bit stronger than we expected.