In an interview to CNBC-TV18, Manish Singh, Strategist & Head - Investments at Crossbridge Capital shares his expectations on the FOMC meet and possiblity of a Fed rate hike this year.
Binay Chandgothia, the MD & Portfolio Manager, Principal Global Investors, said that Brexit will not be a full-blown crisis if the central bank devises strategies to tackle liquidity, as monetary policies alone won't be enough.
There is hardly any chance of recovery in global market in the coming days unless policy makers offer positive talks. The only silver line is a hope of recovery emerging in fourth quarter when China property market reports green shoots.
Manish Singh, Crossbridge Capital expects US Fed to hike rates in September.
The Greek crisis is not just about one country, it is about the entire European Monetary Union (EMU), says Manish Singh of Crossbridge Capital. He says both Greece and Germany want to preserve the euro and EMU because they are the biggest beneficiaries.
Manish Singh of Crossbridge Capital said he expected one rate hike by the Fed this year and three next year.
Manish Singh of Crossbridge Capital does not see Greece exiting from troika in the near-term. He expects Nifty to be around 10,000 by year-end.
Manish Singh of Crossbridge Capital is confident of Indian markets ending the year higher than today. In addition, he feels the year will finish stronger in US, which should have a positive impact on India and other EMs.
ECB President Mario Draghi also announced plans for an asset-backed securities (ABS) and covered bond purchase programme to help ease credit conditions in the bloc.