Bruno Verstrate, CEO, Lakefield Partners says that global markets were preparing for some sort of pullback after the steep upwards rally in the Japanese bourses. He expects the dip to be shallow and short-lived
In an interview to CNBC-TV18, Bruno Verstrate, CEO of Nautilus Invest expressed his view on the global scene as it is clear that all eyes are looking at what is happening in US. He believes the US debt situation is going to be burning topics in 2013 and this would put pressure on US treasury and dollar.
Bruno Verstrate, CEO of Nautilus Investments believes the deal for Greece did not materialise because the European finance minister want value for their money.
Bruno Verstrate, CEO of Lakefield Partners explains to CNBC-TV18 that the markets are focused on how the US government will address the fiscal cliff situation and when Spain will actually make the request for the ECB's aid package.
Bruno Verstrate, CEO of Lakefield Partners feels it is now a test of the newly constituted European Stability Mechanism (ESM) and the European markets will be seeing how it can help Spain.
Bruno Verstrate, CEO of Lakefield Partners said they are very bearish about the European market at the moment. Moreover, he also feels that this kind of a situation will test the strength of the ECB as well.
In an interview to CNBC-TV18, Bruno Verstrate, chief executive officer of Lakefield Partners says, the European markets are quite relaxed because there is not much news flowing into the markets at this stage.
Bruno Verstrate, CEO, Lakefield Partners explains to CNBC-TV18 that the markets will rally even if Greece exits the Euro and adds the real worry for the Europe is in preventing and controlling the economic contagion in Italy and Spain.
Bruno Verstrate, CEO, Lakefield Partners explains to CNBC-TV18 that the main event to watch out during the week is the meeting of the ECB which will indicate the ECB‘s opinion on quantitative easing or the next LTRO.
In an interview with CNBC-TV18, Bruno Verstrate, CEO of Lakefield Partners said that the volatility is expected to continue till 17 June, when Greece is scheduled to go for the re-election.He also believes that the worrying factor for the market is the clash between the Spanish government and the European Central Bank (ECB).
Taking cue from the elections in Greece and France, the European markets have shown some nervousness. The CAC as well as the DAX is down. Talking about the volatile markets, Bruno Verstrate of Lakefield Partners believes that irrespective of the political outcome, the markets will tend to be weak.
In an interview to CNBC-TV18, Bruno Verstrate the CEO of Lakefield Partners says global markets are nervous due to a false report about a pipeline burst in Saudi Arabia which saw oil prices sky-rocketing.
In an interview to CNBC-TV18, Bruno Verstrate, chief executive officer of Lakefield Partners says, everyone is still waiting for the final solution on Greece. However, he says, the markets also start to realise that the economic importance and also the collateral or direct impact of a Greek default is manageable.
Bruno Verstrate of Nautilus Invest tells CNBC-TV18 that the green seen across the board is not due to investors betting on a resolution on Greek debt.
In an interview with CNBC-TV18, Bruno Verstrate the CEO of Nautilus Investment talks about the European markets and how he expects the global situation to shape up in the next few days.
Bruno Verstrate, chief executive officer of Nautilus Invest, in an interview to CNBC-TV18, said that the markets were up yesterday on the news that was based on false rumors.
Global markets have seen a flash of rallies in the past few days. But is it sustainable? Not really, says Bruno Verstrate, chief executive officer of Nautilus Investment.
German Chancellor Angela Merkel's Cabinet on Wednesday approved a plan to beef up the Euro zone's rescue fund. In an interview to CNBC-TV18, Bruno Verstrate, chief executive officer of Nautilus Investment said, in the end, the final solution would definitely be that there are euro bonds.
In an interview on CNBC-TV18, Bruno Verstrate, CEO of Nautilus Invest says that foreign exchange movement and volatility are the two factors determining which way global markets swing at this stage. "This is not only in Europe but also in Asia."
In an interview on CNBC-TV18, Bruno Verstrate, CEO of Nautilus Invest is cautious on European markets. He is not a buyer of banks because, according to him, it is just a mater of time before the downgrade comes.