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The Early Word from Davos

The Early Word from Davos

The World Economic Forum in Davos, Switzerland kicked off on Wednesday. World leaders gathered to discuss and seek solutions to our global economic challenges.

Maria Bartiromo of CNBC just interviewed Duncan Niederauer, CEO of NYSE Euronext. Niederauer shared a few observations:

  • NYSE company CEOs seem to see “a turn for the positive” in 2009. “People are starting to be more constructive.”
  • “The [IPO] pipeline is very strong and it’s all over the world” but it might be another quarter or two before a lot of companies come to market.
  • IPO strength will initially be in Asia, emerging markets in general, and some technology and biotech companies.
  • Growth rates in places like China and India will be a bit lower, but latent domestic demand in those markets will keep those economies moving forward.

It’s nice to hear a tiny glimmer of optimism in these difficult times.

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