According to Hans Goetti, chief investment officer Asia at Finaport Group, S&P’s downgrade will have a major impact on the rating of Europe’s bailout fund, the EFSF.
Hans Goetti, chief investment officer (Asia) at Finaport Group expects some outcome on Wednesday, but the solution seems unknown. Moreover, he indicated that the markets might trade on fundamental at some point and the US and Europe economy might go into recession, which will put downwards pressure on the earnings estimate.
Hans Goetti, chief investment officer- Asia, Finaport Group tells CNBC-TV18 that even though Europe is the big elephant in the room, the second big elephant is the US.
Speaking exclusively to CNBC-TV18, Hans Goetti of Finaport Group says inflation stills plays a spoiler for Indian economy and foresees yet “another two interest rate hikes this year.” He sees “big support for the Sensex at around 17,500 levels.” Further he says, oil prices will play a crucial role in the Indian market.
Hans Goetti, Chief Investment Officer – Asia from Finaport Group, in an interview with CNBC-TV18’s Elaan Dutta, said that he does not like the dollar or euro and would rather prefer the Swiss Franc or some of the commodity currencies or Asian currencies.