Nomura to remain medium-term positive on markets

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

Dominic Wilson, Goldman Sachs: The most important feature of the rally so far is that it has been predicated much more on falling risk premia than on better growth views. We've gotten more constructive on global and EM equities because we think the current rally has been driven by relaxation around Europe, not by an upgrade on growth views. Michael Kurtz, Nomura: With US Treasuries being pared back by 35% in the last two weeks, speculative short positions down by almost 48% and the Volatility Index at 5-year lows suggests a kind of contrarian case for renewed caution. However based on policy and macro data developments since late-July, we see reasons to remain medium-term positive.