Adrian Foster of Rabobank says that the crisis in Cyprus may cause a 3-4 percent selloff in European equities by end of the week, in an interview to CNBC-TV18.
There is a Bank of Japan (BoJ) meeting on January 22nd. In an interview to CNBC-TV18, Adrian Foster, Financial Head-Research at Rabobank says, "a two percent inflation target will not have too much significance in the near term as they haven‘t met the one percent target yet".
Euro zone finance ministers and the International Monetary Fund clinched agreement on a new debt target for Greece on Monday. Adrian Foster, Rabobank says there is some progress in Europe, but not to get to carried away.
Although the global markets are moving higher, a major rally is not evident. Adrian Foster of Rabobank feels that though there were some very downbeat expectations, positive surprises have been sprung up recently.
Adrian Foster, Financial Head Research, Rabobank, says that a big jump in crude prices is negative for the momentum of Indian economy.
With all the tailwinds in the air, Adrian Foster, Financial Head Research, Rabobank is still bullish on emerging markets. He sees scope for outperformance with a burgeoning domestic demand story rolling right across the landscape for emerging markets.
Adrian Foster, Rabobank, Financial Head Research, says that that there was some activity in the first quarter which made the first quarter look stronger than it was in the US. The effect is now wearing off and the real data indicating a more downbeat picture have begun to emerge.
The debate on whether Greece will remain in the eurozone or exit the common currency is still unresolved. The European markets seem to have taken this on its stride, offering constant signs of volatility.
In an interview to CNBC-TV18, Adrian Foster, financial head research, Rabobank says one of the ways India can deal with its current account deficit is by attracting foreign direct investment.
The markets world over have witnessed sharp rally in 2012. The risk appetite, which the global markets have been seeing since the start of the year, is petering out, says Adrian Foster, financial head research at Rabobank. “Given the recent run up, a pullback of 4-5% is not unlikely,” he adds.
According to Adrian Foster of Rabobank, liquidity is going to continue to be a positive backdrop for equity markets, for risky assets around the world.
With the constant uncertainty in Europe, we are definitely in a dangerous situation right now, said Adrian Foster, head of financial markets of Rabobank. However, he believes that Europe, as an entity, has the ability to contain the political as well as economic issue. Moreover, He feels that Greece will most likely end up defaulting.