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Knuthsen: Europe has the potential to surprise in 2015

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As part of his 2015 strategy, Saxo Private Bank's Chief Investment Officer, Teis Knuthsen, is bullish on equities. He thinks there's positive momentum coming from an upswing in the short-term business cycle. 

Knuthsen likes the US market because of the strong economy and dollar. But he says it's Europe that has the "potential to surprise" this year with European equities rising by as much as 25%.

Oil on the other hand will fall further - by as much as 50%. Although this is difficult for those involved in the industry, Teis says it's good for the global economy. It will also mean that inflation will drop again and central banks will be forced to add another layer of monetary stimulus.