Jonathan Barratt Commodity Broking Services sees a lot of optimism in the markets especially in the base metals space. He feels that market might get ahead of itself with this optimism. He expects to see rise in metal prices on the back of European Union's financial plan, however, he is doubts if they will sustain.
Meanwhile, China is also looking to reduce their interest rates which if happens, might fuel expectations of surging demand coming from the market, Barratt explained. "If that is the case then one can see copper putting on another 10-15%. That would also be quite bullish for the red metal," he added. Below is the edited transcript of BarrattDiscover 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!
