Mkts seem inexpensive in absolute terms: Goldman Sachs

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

Timothy Moe, Goldman Sachs: Asian equities have fallen 10% from early May highs post concerns on Europe and disappointing data from China & the US. It is hard to identify catalysts for a sustained recovery in the short-run. For India we forecast 11% and 19% growth in 2012 and 2013. Markets seem inexpensive in absolute and relative terms.

Deutsche Bank: "With the survival of the euro zone once again in question, risk assets have sold off sharply. In the very near-term, markets are likely to be volatile while fundamentals take a back seat. However as attention remains on the fears of a contagion in the euro zone, we think attractive long-term entry opportunities will emerge for investors.