Mark Matthews of Bank Julius Baer is positive on India. A strong base effect coming from commodities and the banking space is the reason for his optimism.
US President Donald Trump has a very unpredictable style but he does intend to do what he said he would, says Mark Matthews, Head Research, Bank Julius Baer.
Speaking to CNBC-TV18 Mark Matthews of Bank Julius Baer and Shane Oliver of Amp Capital Investors weighed on the impending FOMC meet and its implications
The introduction of Goods and Services Tax (GST) is a very positive move for India feels Mark Matthews of Bank Julius Baer & Co., who believes it will restructure the economy.
Speaking to CNBC-TV18, Mark Matthews of Bank Julius Baer & Co said that there is a possibility of re-counting too. Even if Hillary Clinton won, there are too many scandals surrounding her and lot of people will make the job difficult for her.
The Indian market is big and liquid, there is not reason for money to move out of India, Mark Matthews, Bank Julius Baer and Co says. He expects the Indian market to do well over the next 12 months.
Speaking to CNBC-TV18 Mark Matthews of Bank Julius Baer & Co said equities and fixed income on a global basis are relatively expensive to history. Fixed income is more expensive between the two, he said.
China's markets have stumbled since the start of the year, with the Shanghai composite down nearly 13 percent so far this year, even as US stock indexes have been tapping record highs.
With China's Producer Price Index lessening and the deflation going away, earnings in the country are expected to rise, he says.
Seventh pay commission, GST expectations, monsoon will push growth for the India, says Mark Matthews of Bank Julius Baer.
Mark Matthews of Bank Julius Baer says he is not sure if the relief rally can sustain. Factors like the macro data in China, and for India, the impending Bihar elections will influence sentiment, he says
Mark Matthews of Bank Julius Baer & Co lack of reforms and poor earnings are not "good news" but the market has taken that in stride and decided to be patient.
Although India seems to be going through a soft patch, Mark Matthews of Bank Julius Baer & Co remains positive and has not decreased his allocation to the country. He is long-term bullish on the banking sector in India.
Matthews is anticipating the first rate hike by the US central bank in September rather than June.
Robust jobs growth in the US is the talking point in market across globe. However, wages rose a miniscule 2 per cent year-on-year, which means the case for a rate hike isn‘t that strong as perceived.
Profit booking also pushed the market lower; oil, capital goods, metals, power and HDFC group stocks lost ground whereas FMCG, auto and select technology stocks supported the market.
Mark Matthews, Bank Julius Baer and Co said that steep fall in global crude oil prices is big positive for Indian economy and the market.
Onto specific macros, Mark Matthews of Bank Julius Baer says that lower commodity prices are a positive for India and China. Furthermore, he feels India remains a great story and given its strong demographic and consumer story.
Mark Matthews of Bank Julius Baer says if Congress were to win with a coalition then he would be a seller.
In an interview CNBC-TV18, Mark Matthews, Bank Julius Baer & Co spoke about the selloff in emerging markets and the road ahead.
Bank Julius Baer feels that the slowdown in the economy may be far from over. Mark Matthews, its Head of Research, feels that the structural issues such as high deficits are marring the country's recovery.
Speculation about US tapering its QE programme has whacked most emerging markets currencies out of shape. The Indian rupee breached the 68-mark on August 28, hitting a record low of 68.70 against the dollar.
Mark Matthews, Bank Julius Baer & Co told CNBC-TV18 that India is not in a financial crisis yet. However, overall he thinks EMs have clearly lost their sheen and will continue to underperform.
It`s been a brutal quarter for Asian equity markets that have seen a sharp withdrawal of funds over April-June, driven by concerns over a scaling back of the US Federal Reserve`s bond buying program and financial instability in China.
Greater China markets have led the losses with the Shanghai Composite and Hang Seng Index falling 15 percent and 9 percent, respectively, over the June quarter. The heavy selling in mainland markets spilled over to top trading partner Australia's S&P/ASX 200 index, which declined 3.7 percent, hurt by a slump in resource stocks.