Commodities, equities to remain under pressure: Rabobank

Michael Every of Rabobank expects pressure on commodities and equities to continue in the near term. Every, while he is positive on Indian market, says that the valuations are not cheap, but the fundamental story is much better than other emerging markets (EMs). In an interview to CNBC-TV18, he says that while the overall growth in China has been low, there are segments that are growing at a decent rate. Most of the news on China’s slowing economy is just noise, he adds. On the expectation of a rate hike by the US Federal Reserve, Every says, there is 50 percent change of interest rates going up in December this year depending on market volatility. Interview transcript to follow.