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India may soon get into the level of outperformance and the sectors that will lead the charts are consumer, FMCG and auto, says Atul Suri of Rare Enterprises, in an interview to CNBC-TV18.
A total of 235 panelists with USD 643 bn of AUM participated in a global survey for the BofA Merrill Lynch Global research report. When asked about equity allocation for Europe, a net 46% of asset allocators are overweight European equities, up from a net 36% September and representing the highest reading since 2007.
The Euro Stoxx 50 provides a proxy to the slow moving crisis that is consuming Europe.
Justin Stewart of Seven Investments explains to CNBC-TV18 that the European markets are positive on news of the ECB supporting the banking system in Spain and Cyprus
Strong economic growth in Germany eased the selling pressure on shares and commodities on Tuesday, but the political turmoil in Greece looked set to keep demand for safe-haven assets strong.
The Euro Stoxx 50 is the leading blue chip index for the euro zone and has fallen nearly 20% so far this year, given the region`s debt crisis. Based on technical analysis, it seems the index could fall further and test 2008 lows.
