The Sri Lankan government today said that banking, trade and financial sectors were performing "normally" despite the impasse over its Central Bank Governor who was under fire for his alleged involvement in bond dealings favouring a firm linked to his son-in law.
Eventually global markets will realise that oil demand is steady, says Arjuna Mahendran, Chief Investment Officer, Emirates NBD Wealth Management.
Arjuna Mahendran of Emirates NBD Wealth Management feels BoJ easing would not only stimulate a lot of domestic consumption in Japan but the property sector too would get a push.
Arjuna Mahendran, chief investment officer, Emirates NBD Wealth Management says buying the markets on dips is the strategy that most people have been following this year.
Arjuna Mahendran, MD and Head Investment Strategy Asia at HSBC Private Bank believes the markets at the moment are expecting near term dips and since it moved up quite a bit in the last two months, it would be a healthy development.
In an interview to CNBC-TV18, Arjuna Mahendran of HSBC Private Bank gives his expectations for the rupee. He expects the rupee to be at 53/USD soon.
Arjuna Mahendran of HSBC Private Bank feels investors are preferring this region because it is showing definite signs of growth. However, he believes earnings momentum could be a cause of concern going forward.
Arjuna Mahendran of HSBC Private Bank says markets, particularly the ones outside of Asia, are quite comfortable with Obama second term at the White House.
Arjuna Mahendran, HSBC Private Bank says the liquidity flows will continue.
When the 10-year US Treasury yield fell below 1.5% this week, several CNBC commentators said investors had reached the point of being too afraid.
The uncertainty in the global markets continues with apprehensions of a Greek exit from the eurozone. In an interview with CNBC-TV18, Arjuna Mahendran, MD and Head Investment Strategy Asia at HSBC bank said that the uncertainty on Greece is likely to linger till June, when Greece is scheduled to go for a re-election.
Arjuna Mahendran of HSBC says he doesn‘t expect significant cuts in equities right now.
Arjuna Mahendran, managing director, head investment strategy Asia, HSBC Private Bank says when offshore investors look at Indian equities, they actually want to own the underlying scrips.
Arjuna Mahendran, the MD, Head Investment Strategy Asia, HSBC Private Bank tells CNBC-TV18, he expects the ECB to infuse 400 billion to 1 trillion euro via a second LTRO on February 29.
The current upmove in the market is just a relief rally says, Arjuna Mahendran, MD, head investment strategy Asia, HSBC Private Bank (Suisse) SA.
Most equity markets have reacted positively to Friday's EU summit outcome. However, Arjuna Mahendran, Managing Director and Head of Investment Strategy (Asia) at HSBC Private Bank indicated that the global equity markets will still trade in a range post the EU summit.
In an interview with CNBC-TV18, Arjuna Mahendran, the managing director of Head Investment Strategy Asia, HSBC Private Bank said that India has undeperformed its BRIC counterparts which have done considerably better in the last few weeks.
The euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50% loss on their Greek government bonds under a plan to lower Greece's debt burden and try to contain the two-year-old euro zone crisis. Arjuna Mahendran of HSBC Private Bank mentioned that the markets could see a happier ending for 2011.
The US markets had a fantastic time last week. The Dow and S&P 500 clocked more than a percent gain. European markets too closed higher on optimism about progress in resolving Europe's debt crisis.
The Indian market is watching global cues to figure out the next decisive move. In an interview to CNBC-TV18, Arjuna Mahendran, managing director, head investment strategy Asia of HSBC Private Bank (Suisse) SA said, the European crisis is not anywhere close to closure.
Arjuna Mahendran, of HSBC Private Bank says tomorrow’s big event, the RBI credit policy has a lot riding on it.
It was an ugly scene on Dalal Street with indices falling like there is no tomorrow.
On the India story, Arjuna Mahendran, Managing Director, Head Investment Strategy Asia, HSBC Private Bank finds that the sluggishness could go on till Diwali. “But we might see a relief rally by year-end.”
In an interview with CNBC-TV18, Arjuna Mahendran, HSBC Private Bank says, most of the bad news is already priced in. “I am not expecting further downside or significant downside for markets, particularly in emerging markets,” he adds.
Arjuna Mahendran, Head-Asia at HSBC Private Bank (Suisse) SA, said that once the US market starts marking healthy recovery, FII flows will start returning to the emerging markets.