James Sullivan of JP Morgan says the brokerage house remained overweight on emerging markets (EM) and expects continued performance in Asia, led incrementally by China.
Base case is a slow lift-off by the Federal Reserve which will not fundamentally alter easing potential in most of EM Asia, he feels.
He says this belief in slow lift-off is supported by rising labour force participation which is preventing unemployment from dipping into significant inflationary territory & limited requirements for aggressive rate hikes.
Sullivan feels negative interest rate policy (NIRP) in Europe and Japan extends the impact of monetary policy for some time.
According to him, oil could be lower than forecast on the back of resurgent Nigerian supply.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
