Bobby Rakhit of Factset told CNBC-TV18 that he remains hesitant on India right now. He feels that that the capital flows going into the developed bluechip equities might dampen the mood for emerging markets in the near-term.
Rakhit indicates that crude would be around the USD 110 per barrel range. "There would not be a huge sways in oil over the next six months," he added. Here is an edited transcript of his interview. Also watch the accompanying video. Q: Globally, things have been extremely chaotic off late. Has some semblance of sanity set in or do we still have to see a lot more in terms of negative news?
A: We need a constructive strategy among all the governments in terms of finding a way to settle the markets. The US and some of the other European economies are now making a stand which is why we have been seeing a slight rally. We will go through a roller-coaster ride until we see concrete measures by all the economies, particularly Europe. Q: Germany has an important ruling from the courts on how much can be given to the legislators in deciding some future financial aid. What do you see in Europe? Many people believe that if anything has to happen to global markets in the negative, we will see something emanating out of Europe. What's your key focus list in Europe right now?
A: Germany is one of the largest economies of Europe. People have been looking at the UK, particularly some of the retail stocks and consumer demand running there. We will look at Italy and the Italian banks on how they transform.
The German ruling will have some impact, but some of the other major economies within Europe are more important. The tertiary effect of the other economies will have more impact on perception, and perception will run the markets. It is no more fundamentals unfortunately. Q: What does this do to equity markets because that doesn
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!
