|
Jul 31, 2012, 10.38 AM IST
Rashique Rahman of Morgan Stanley expects both the ECB & Fed to disappoint market expectations this week as policy options look limited, which could lead to some near-term market volatility.
Rashique Rahman, Morgan Stanley: We expect both the ECB & Fed to disappoint market expectations this week as policy options look limited, which could lead to some near-term market volatility. But we continue to believe that, with valuations and positioning still favourable, the cumulative effect of rising support from policy-makers globally will mitigate risk over time. We recommend buying into any weakness in EM assets over the coming weeks. Sakthi Siva, Credit Suisse: With the defensive valuation gap approaching 2008-09 lows, we believe risk reward favours quality cyclicals in Asia. But there are still many risks in buying cyclicals as they could stay cheap or get even more undervalued if European authorities continue to be slow in their policy response despite the recent ECB comments.
Related News |
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
