Last week, global markets witnessed spectacular spike. However, the rally was short-lived. Gerard Minack, global head of economics of Morgan Stanley says, he expected the recent equity rally to falter. He now expects equities to break 2011 lows over the next six months.
Yesterday, Greece's surprise call for a referendum on the latest Euro zone bailout deal rekindled fears that the country could face an imminent default. Minack says, the deal announced last week is showing no signs of stemming the contagion.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
