Hsbc Global Research

Poor PMI due to macro uncertainty; but CAD to narrow: HSBC

In an interview to CNBC-TV18, Leif Eskesen, HSBC Global Research says that the poor PMI data was on the back of high macro uncertainty. However, he expects the CAD to narrow going forward.

RBI may cut MSF by another 75bps in next 3 months: HSBC

Leif Eskesen of HSBC Global Research believes the central bank did a balancing act by slightly rolling back the liquidity tightening measures and giving an indication that they can be turned either way if required to balance the currency.

HSBC lifts gold price forecast on higher physical demand

The bank lifted its gold price outlook for this year to USD 1,446 per ounce from USD 1,396, and kept its 2014 forecast unchanged at USD 1,435 an ounce. Spot gold was trading at USD 1,330.66 at 17:36 GMT on Thursday.

Maintain India's FY14 GDP growth target at 5.5%: HSBC

Leif Eskesen maintains his FY14 GDP growth target for India at 5.5 percent, but cautions that if there is no recovery in manufacturing and service sector then this estimate may fall further.

See India's GDP for current quarter at 4.8%: HSBC

The growth conditions in India continue to remain weak. Leif Eskesen of HSBC Global Research sees India‘ GDP at 4.8 percent in the current quarter. He added that it will take some more time for the India economy to start recovering.

Don't see further decline in core inflation: HSBC Global

Leif Eskesen of HSBC Global Research, feels that as far as core inflation is concerned, we have reached the bottom for now. And we could see small uptick on the back of increase in food inflation that we saw over the past few months.

Credit policy: RBI did right thing, says HSBC Global

In an interview to CNBC-TV18, Leif Eskesen of HSBC Global Research says the RBI did the right thing.

See 25bps CRR cut from RBI in December: HSBC

Leif Eskesen of HSBC Global Research believes the risk of high inflation still remains and the consumer price index (CPI) number points towards such a trend.

Looking to weather volatility? Try these Asian plays

Samsung Electronics, COSCO Pacific, Ayala Land and Cathay Pacific are some stocks that will fare well even as market volatility and economic uncertainty continue into the second half of the year, according to a report by HSBC Global Research.

No strong case for CRR cut, headroom for easing low: HSBC

Leif Eskesen of HSBC Global Research tells CNBC-TV18 that there isn‘t a strong case for a cut in cash reserve ratio from the Reserve Bank today.

Slow pick-up in growth in H2FY13; RBI easing unlikely: HSBC

Leif Eskesen of HSBC says if one looks at the sequential growth rate between the fourth and third quarter, there was a pick up in sequential growth in India from 0.9% in the Oct-Dec quarter to 1.9% in the final quarter of the fiscal.

Odds of RBI hiking rates up post poor Q3 GDP: HSBC Global

In an interview to CNBC-TV18, Leif Eskesen, chief economist - India & ASEAN, HSBC Global Research says the third quarter GDP number has left a lot to be desired.

Don't expect RBI to cut interest rates till Q2CY12: Eskesen

The RBI’s recent policy review which saw no alteration of the repo and reverse repo was in line with what Leif Eskesen, chief economist-India & ASEAN, HSBC Global Research was expecting.

India inflation to ease soon, RBI to hold rates: HSBC

In an interview to CNBC-TV18, Eskesen said, "We don't expect core inflation prices, underlying inflation prices to ease very rapidly, very soon, so we expect that RBI will remain on hold for a while still and certainly be on hold at the next monetary policy meeting later this month."

Hindalco lines up $6.5 bn capex, says Kumar Birla

Hindalco, an Aditya Birla company has earmarked USD 6.5 billion towards its domestic and international expansion plans, said chairman Kumar Mangalam Birla on the company's 52nd annual general meeting.

Broad based inflation strain still in economy: HSBC Global

Given that inflation is still very much on the RBI's mind, the market does not expect a pause but a 25 basis points rate hike. And Leif Eskesen, Chief Economist-India & ASEAN, HSBC Global Research agrees with what market seems to have priced in today.

HSBC Global forecasts India's GDP at 7.6% for FY12

Chief economist of India and ASEAN at HSBC Global Research, Leif Eskesen's GDP forecast for FY12 is at 7.6% for India. Eskesen also told CNBC-TV18 that the further policy measure would be influenced by the global economic outlook.

Commodity prices may be capped on global slowdown: HSBC

India's largely domestic driven economy, makes it more sheltered towards the spillovers from the global economic slowdown, says Leif Eskesen of HSBC Global Research.