As geopolitical tensions rise around the world, from Syria to North Korea - a veteran market expert Geoff Dennis of UBS shared his outlook on how to trade hereon.
Italian Prime Minister Matteo Renzi resigned after suffering a heavy defeat in a referendum over his plan to reform the constitution. The defeat has raised questions about market stability, but analysts at UBS and JP Morgan feel that the markets will take the jitters in their stride.
Geoff Dennis, head of global EM strategy, UBS is bullish on the energy sector and says he would rather buy energy than consumer staples in India
Watch the interview of Geoff Dennis Head - Global EM Strategy UBS with Surabhi Upadhyay on CNBC-TV18, in which he shared his views on US jobs data and the road ahead for Fed.
Geoff Dennis, UBS expects the Fed to give a clear signal in the upcoming meet about raising rates in September.
Geoff Dennis of UBS says valuations in India should be high as he expects earnings growth to be 15-16% in dollar terms in two years. He says earnings growth continues to remain a challenge for many EMs, further justifying the high valuations in India.
Geoff Dennis of UBS feels ECB‘s action was in line and to a large extent the news was already priced in. Andrew Holland of Ambit Capital expects more stimulus packages from Japan and China as well.
Citi's global emerging markets strategist, Geoff Dennis believes the worst of the risk of a debt crisis is over.