Global markets have today rallied on news of talks regarding the US debt crisis resolution progressing further. The economic issue took a political turn with differences between the Republicans and the Democrats sparking off debates, delaying decision making and also questioning the quality of the resolution yet to be reached.
Hans Goetti, CIO (Asia), Finaport joins CNBC-TV18 to discuss what global equities are actually making of all of this. He says that there is no respite seen in the near-term with a long-term perspective. "The outcome of the August 2 meet is likely to be a short-term resolution to the debt situation," he says. He is however confident that the debt ceiling will be raised.
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