When will global markets bottom out?
April 14, 2020 / 08:51 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The past few weeks have been rough for investors as the widening spread of COVID-19 triggered a brutal selloff in equities and commodities across the globe. Due to a slowdown in global GDP and elevated valuations, most people were expecting a decent correction from lifetime highs, but the pace of the market rout has shaken everyone.
Despite synchronous rate cuts by global central banks and multiple monetary stimulus measures, stocks have given up 30-40 percent of their market capitalisation. The...