David Mann of Standard Chartered said change in the stance of the central bank has been interesting. The Reserve Bank is now sounding less dovish and GDP numbers are looking good.
Speaking to CNBC-TV18 David Mann, Head, Asia Economic Research of Standard Chartered said that there have been no major slipups from either Donald Trump or Hillary Clinton.
Even as the second debate between US Presidential candidates Donald Trump and Hillary Clinton came to a close early Monday, the US market is unlikely to change fundamentally, according to experts.
David Mann, Analyst, Fat Prophets believes no concrete news is to come in the informal Organization of the Petroleum Exporting Countries (OPEC) meeting in September.
The annual Jacksone Hole symposium held by the Federal Reserve is unlikely to provide any concrete indication whether the US central bank intends to hike rates, says David Mann of Standard Chartered.
A surge in oil prices will lead to new risks as OPEC is not controlling supply, he says, adding, if output from the US drops, it will drastically impact the world and India in particular, David Mann of Standard Chartered explains
David Mann, Head- Asia Economic Research at Standard Chartered, says there has been no serious stimulus by the policy makers in China and this is becoming difficult for the market to absorb the fact.
David Mann, Head, Asia Economic Research at Standard Chartered says as one more rate hike is approaching the hiking cycle, market is not giving the benefit of the doubt to the policy makers.
China's Caixin Purchasing Managers' Index (PMI) fell to 48.2 in December, from 48.6 in November, contracting for the tenth month.
The low PMI number raises many questions on whether this is the absolute low and will it match the official PMI number. Also does this mean a transition to different type of growth model and a slower manufacturing demand, says David Mann, Asia Markets- Economist, Standard Chartered.