Fed chair Janet Yellen also said that there is a possibility of three hikes by the US Fed in next three years. This is likely to make investors cautious, believes Seth Freeman of CEO & Chief Investment Officer of EM Capital Management.
Speaking to CNBC-TV18 Hans Goetti, Chief Strategist, Middle East & Asia at Banque Internationale À Luxembourg, said that markets will continue to face volatility till the US elections.
While Brexit is no more a front -page news anymore, it still has consequences, which may be felt 7-8 months down the line as downside risks persists, says Hans Goetti of Banque Internationale.
An exit for Britain from the Eurozone is likely to result in a sell-off for the euro and pound, and put upward pressure on the US dollar, says Hans Goetti, Chief Strategist Middle East and Asia, Banque Internationale À Luxembourg.
Thanks to the ferocity of the recent bounceback, global markets may have gone from oversold to an overbought position but they should hold up well in the medium term, says Hans Goetti of Banque Internationale.
Hans Goetti of Banque Internationale says as far as India is concerned, purely looking at technical indicators, there is a downside risk of 6850 level - that is the 200 DMA.
The impact of a Greek exit will be largely sentimental as far as India is concerned as there is no direct link between Indian and European economies, says Hans Goetti, Head of Investment-Asia, Banque Internationale À Luxembourg.
Hans Goetti of Banque Internationale says risk of a contagion is not as high as it was a few years ago and a 'no' outcome does not immediately imply a Grexit.
Hans Goetti of Banque International, however, warned that in case of a Greece default and exit from the Europe, the unintended consequences on the global financial system would be difficult to tell.
Athough corporate profits are growing, Hans Goetti, Head of Investment-Asia, Banque Internationale, continues to prefer China over India because of host of reasons.
The US non-farm payroll numbers were in line with expectation but may not be enough for Fed to hike rates in June or September either, says Hans Goetti of Banque Internationale.
In an interview to CNBC-TV18, Hans Goetti, head of Investment – Asia, Banque Internationale shares his views on the markets including India and his expectations going ahead.
The market managed to recoup some of its losses on Tuesday with the Sensex scoring a 1 percent on short covering and ahead of beginning of two-day Federal Reserve meeting. However, the index shed 493 points in previous two sessions.
Hans Goetti, Head of Investment-Asia, Banque Internationale is also of the opinon that Fed will not hike rates just because US jobs data has shown growth. Other key factors like wages and inflation are still very low, and untill those show some upticks, chances of a rate hike is a distant possibility.
Hans Goetti, Head of Investment Asia, Banque Internationale says India will remain a favourite of foreign institutional investors for the next two-three years.
Global risk off sentiment engulfed markets owing to political uncertainty in Greece and global crude oil prices slipping to multi-year lows. But this is temporary, agree both global and domestic investors
Hans Goetti, CIO at Banque Internationale Luxembourg improving fundamentals make India most attractive destination among the emerging nations for foreign investors.
In an interview with CNBC-TV18, Hans Goetti, Head of Investment Asia at Banque Internationale À Luxembourg joins shared his perspective on global markets.
He does not see a return in crude prices to USD 90 per bbl or above any time soon.
Hans Goetti, head of investment Asia, Banque Internationale À Luxembourg gives his views on comments from the US Federal Reserve.
You need an inverted yield curve or the prospects of a recession in the next six months, neither of which I can see, the head of Asia investment at Banque Internationale Luxembourg said.
Shares of TCS, Infosys, Sun Pharma, Wipro, Dr Reddy's Labs and Cipla topped the selling list, down 2-4 percent while L&T, ONGC, Tata Steel and BHEL gained more than 2 percent.
Europe is likely to remains a problem spot in the global macroeconomic picture, cautions Hans Goetti, Head of Investment - Asia, Banque Internationale À Luxembourg SA.
According to Hans Goetti of Banque Internationale the ECB has delivered more than the market expected, which could eventually lead to quantitative easing and expansion of ECB balance sheet.
Goetti said that India's improving CAD is fundamentally a big positive.