Korea, India continue to be key losers: Citigroup

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

Markus Rosgen, Citigroup: The EM equity fund inflows have worsened further to USD 2.3 billion and the weekly rate of outflows has doubled from the previous week. However, compared to 2011 when the Eurozone crisis first hit markets, the size is much smaller. Within the region, Korea and India continue to be the key losers in terms of AUM percentage.

Michael Kurtz, Nomura: It's not that we're exactly surprised by the volatility in global equity markets since the French and Greek elections. Rather, it's the sheer rashness of the thing that strikes us as remarkable. From the way markets have behaved, you'd think not only has Greece already fallen out of the euro, but European institutions, despite plenty of available firepower and advanced warning, have entirely failed to stanch the contagion.