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Jun 14, 2012, 08.39 AM IST
While the outcome to the Greek election is very uncertain, emerging market equities have priced in a lot of bad news and are very attractively valued, says Geoffrey Dennis of Citigroup.
Here are experts equity calls for the day on how the markets are expected to trade:
Geoffrey Dennis, Citigroup: While the outcome to the Greek election is very uncertain, emerging market equities have priced in a lot of bad news and are very attractively valued, in our view. We do not expect the 2012 version of a springtime correction to turn into a full-fledged bear market as in 2011. Our year-end target is 20% higher for emerging markets.
Deutsche Bank: We apply an even risk of an Greek exit from the Eurozone. However, we don't see a chance that Greece will be let go unless the Europeans believe they can contain the contagion and EU authorities would ensure they have more than the current instruments to deal with it. In short, the election result on 17th June will not mark the end of the uncertainty.
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
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