While Brexit is no more a front -page news anymore, it still has consequences, which may be felt 7-8 months down the line as downside risks persists, says Hans Goetti of Banque Internationale.
An exit for Britain from the Eurozone is likely to result in a sell-off for the euro and pound, and put upward pressure on the US dollar, says Hans Goetti, Chief Strategist Middle East and Asia, Banque Internationale À Luxembourg.
Hans Goetti of Banque Internationale says as far as India is concerned, purely looking at technical indicators, there is a downside risk of 6850 level - that is the 200 DMA.
Hans Goetti of Banque Internationale says risk of a contagion is not as high as it was a few years ago and a 'no' outcome does not immediately imply a Grexit.
Athough corporate profits are growing, Hans Goetti, Head of Investment-Asia, Banque Internationale, continues to prefer China over India because of host of reasons.
The US non-farm payroll numbers were in line with expectation but may not be enough for Fed to hike rates in June or September either, says Hans Goetti of Banque Internationale.
In an interview to CNBC-TV18, Hans Goetti, head of Investment – Asia, Banque Internationale shares his views on the markets including India and his expectations going ahead.
Hans Goetti, Head of Investment-Asia, Banque Internationale is also of the opinon that Fed will not hike rates just because US jobs data has shown growth. Other key factors like wages and inflation are still very low, and untill those show some upticks, chances of a rate hike is a distant possibility.
Hans Goetti, Head of Investment Asia, Banque Internationale says India will remain a favourite of foreign institutional investors for the next two-three years.
Europe is likely to remains a problem spot in the global macroeconomic picture, cautions Hans Goetti, Head of Investment - Asia, Banque Internationale À Luxembourg SA.
According to Hans Goetti of Banque Internationale the ECB has delivered more than the market expected, which could eventually lead to quantitative easing and expansion of ECB balance sheet.