Markets

DAVID DARST on whether markets have turned the corner

May 5, 2008: Section1 - David Darst, Morgan Stanley strategist, speaks to Aline van Duyn, US Markets Editor, saying that pojections across the Wall Street for US company profit growth are still 11 per cent, versus Morgan Stanley's 3 per cent. Lower than expected profit growth, further declines in house prices as well as possible further job cuts are the three main signs to look out for in terms of potential factors which could provide obstacles to the recovery in share prices.