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Emerging market earnings remain solid: Citigroup

There is little to suggest that global growth trade is faltering, says Robert Buckland, Citigroup.

February 24, 2011 / 09:04 IST

Here are experts equity calls for the day on how the markets are expected to trade:

Robert Buckland, Citigroup: There is little to suggest that global growth trade is faltering. Emerging market earnings remain solid and there are reasons to expect they will improve relative to developed markets. Relative valuation of Emerging markets is at their lowest level since 2008. In our view, the recent correction provides an opportunity to buy.

Emil Wolter, RBS: Libya is the first major oil producing country to be hit by a political turmoil. However, more might follow with clear ramifications for energy prices. In the absence of clear answers, investors should consider relative caution. We remain overweight on energy within the region. We are also Overweight Malaysia but Underweight India, industrials and consumer discretionary.

first published: Feb 24, 2011 08:02 am

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