Year for equities to outperform fixed income: ING Fin Mkts

Tim Condon of ING Financial Markets says that global markets have been weak on the back of the lacklustre economic data coming out of developed markets like the US and the eurozone.

The two emerging giants, India and China are seeing optimism flag off with China slowing down and India burdened with a number of problems.

Condon is bearish on India due to a weak economic growth outlook. High inflation is also keeping the RBI hawkish on its policy movement. He expects the Indian market to continue its underperforming trend in calendar year 2012.

Below is an edited transcript. Watch the accompanying video for more.

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Q: How are the global parameters now setting themselves up? We are beginning to see a trickle of weak sluggish data from the United States. Are we not going to see too much of developed market performance or is this just a one-off?

A: What we have seen is a series of weak housing numbers and there hasn