In an interview with CNBC-TV18, Jan Dehn, Head of Research of Ashmore Investment Management shared his views and readings on what the foreign investors are doing with the Indian markets at record highs.
“The reduction will not really impact our fiscal deficit target estimate for India and hence is not too relevant to our sovereign rating."
BNP Paribas' Raychaudhuri is also upbeat on the latest development surrounding the government’s additional borrowing requirement.
Dollar weakness continues with the dollar now falling to a three-year low against its peers. In an interview with CNBC-TV18, Ray Farris of Credit Suisse spoke about the same.
In an interview to CNBC-TV18, Joseph Little, Global Chief Strategist at HSBC Global AMC shared his views and readings on the global macros and micros.
In an interview to CNBC-TV18, Richard Koo, Chief Economist at Nomura Research Institute shared his views and readings on the global economy
GST is already there and people are coping with these taxes. Along with this, businesses such as cigarettes have gone through a double whammy. This year should not be about tinkering with tax rates, Sandeep Bhatia said.
Holland is also cautious as well, especially when it is difficult to gauge what will bring the market lower. The Street is also ignoring negative news flow and finding reasons to move higher.
It is start of a re-rating for emerging markets and the positive trade is to move out of international assets into emerging market assets, said Laurence Balanco of CLSA.
2017 has been a stellar year for equities and the global economy, but will the bull run continue into 2018. In an interview to CNBC-TV18, Hartmut Issel, Head of Equity & Credit APAC and Chief Investment Officer for Wealth Management at UBS spoke at length about the same.
The European Central Bank (ECB) has held policy fairly steady. 2018 will certainly see tightening but the bottomline is it is all about the economies -- economies in the US, economies in Europe and economies in emerging markets (EMs) all seem to be in a Goldielocks scenario at the moment, Richard Harris, Chief Executive at Port Shelter Investment Management said.
We need to see more momentum on the job side. At the end of the day, the voters are looking for jobs and for economic growth and that is the real challenge for the economy, said Arvind Sanger, Managing Partner of Geosphere Capital Management.
Earnings growth in India has been very choppy in last one year, Jonathan Garner, Chief Asia & EM Equity Strategist at Morgan Stanley said.
More than anything else, India needs restoration of the 7 percent to 7.5 percent GDP growth trajectory because we have got almost all our macroeconomic parameters right.
In an interview to CNBC-TV18, Jeff Chowdhry, Senior Portfolio Manager at LGM Investments shared his views and readings on the market and Gujarat election.
One can be comfortable about earnings (growth), but we cannot be sanguine about what is happening externally (global markets), he said.
Globally, the markets are cheering the 25 basis points (bps) rate hike by the Federal Reserve. In an interview with CNBC-TV18, James Sullivan of JPMorgan gave his take on the Fed's move and its impact on global equities.
The US Federal Reserve followed through on an expected interest-rate increase and raised their forecast for economic growth in 2018. The Central Bank has also projected for three hikes in the coming year. In an interview with CNBC-TV18, Shane Oliver, Head - Investment Strategy & Chief Economist at AMP Capital Investors, Seth R Freeman, CEO and Chief Investment Officer at EM Capital Management, Katalin Gingold of Cartica Capital and Mark Matthews of Bank Julius Baer shared their views and readings on the same.
Unless we have a very specific India event, we will follow the world, sometimes outperforming, sometimes underperforming, said Samir Arora, Founder, Helios Capital.
Ahead of the outcome of the Federal Reserve's policy meet tonight, Geoffrey Dennis, Head-Global Emerging Market Strategy at UBS shared his expectations. Another rate hike from the Fed may or may not happen, I don’t think it will have a major negative impact on equity markets worldwide, he said.
According to Geoff Lewis, Global Strategist, Capital Markets Group of Manulife Asset Management, the Fed is gradually raising interest rates and has given more attention now to financial stability rather than just the inflation numbers.
For now, most economists expect the government to focus on job creation through infrastructure projects and other fiscal spending avenues.
Nomura is overweight on financials, energy, infra/construction and healthcare while underweight sectors include IT, consumer staples, utilities & cement.
Mobius highlights that a lot of changes have been brought in by internet and technology. This is having a big impact on companies in India, and that has worked for Indian market
But he does not see a capex recovery immediately. It could begin in 2019 and we are still 18-24 months away from that, he said.