Harsh Agarwal, CFA research analyst at Deutsche Bank says that rebound in September depends on US Federal Reserve rate cut, crude prices and improvement in Chinese economy.
The market will continue to slide near term, but a rebound is likely in September, says Harsh Agarwal, research analyst at Deutsche Bank.
In an interview with CNBC-TV18, he says the three key criteria for global markets to recover would be a rate cut by US Federal Reserve, artificial support for Chinese market and a recovery in crude prices.
He says that if there is no visible improvement in the Chinese markets--equity and commodity--then the global situation can worsen.
Agarwal recommends investors to add to their portfolios rather that selling at this point in time, in anticipation of a bounceback in the global market.
In Asia, Deutsche Bank is overweight on markets like India and Philipines and underweight on markets like Malaysia and Indonesia.
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First Published on Aug 25, 2015 08:49 am