Arjuna Mahendran, MD and Head Investment Strategy Asia at HSBC Private Bank believes the markets at the moment are expecting near term dips and since it moved up quite a bit in the last two months, it would be a healthy development.
Arjuna Mahendran of HSBC Private Bank feels investors are preferring this region because it is showing definite signs of growth. However, he believes earnings momentum could be a cause of concern going forward.
Arjuna Mahendran of HSBC Private Bank says markets, particularly the ones outside of Asia, are quite comfortable with Obama second term at the White House.
The man in charge of a UK government report into what went wrong with the manipulation of the London interbank offered rate (Libor), the benchmark interest rate, will Friday call for a "complete overhaul" of the "broken" system.
Arjuna Mahendran, HSBC Private Bank says the liquidity flows will continue.
Arjuna Mahendran, managing director, head investment strategy Asia, HSBC Private Bank says when offshore investors look at Indian equities, they actually want to own the underlying scrips.
HSBC Private Bank believes that the EU summit rightly focused on growth issues, but that the financial hurdles that the area faces will continue for a while.
Most equity markets have reacted positively to Friday's EU summit outcome. However, Arjuna Mahendran, Managing Director and Head of Investment Strategy (Asia) at HSBC Private Bank indicated that the global equity markets will still trade in a range post the EU summit.
In an interview with CNBC-TV18, Arjuna Mahendran, the managing director of Head Investment Strategy Asia, HSBC Private Bank said that India has undeperformed its BRIC counterparts which have done considerably better in the last few weeks.
The euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50% loss on their Greek government bonds under a plan to lower Greece's debt burden and try to contain the two-year-old euro zone crisis. Arjuna Mahendran of HSBC Private Bank mentioned that the markets could see a happier ending for 2011.
The US markets had a fantastic time last week. The Dow and S&P 500 clocked more than a percent gain. European markets too closed higher on optimism about progress in resolving Europe's debt crisis.
Arjuna Mahendran, of HSBC Private Bank says tomorrow’s big event, the RBI credit policy has a lot riding on it.
On the India story, Arjuna Mahendran, Managing Director, Head Investment Strategy Asia, HSBC Private Bank finds that the sluggishness could go on till Diwali. “But we might see a relief rally by year-end.”
In an interview with CNBC-TV18, Arjuna Mahendran, HSBC Private Bank says, most of the bad news is already priced in. “I am not expecting further downside or significant downside for markets, particularly in emerging markets,” he adds.
Arjuna Mahendran, Head-Asia at HSBC Private Bank (Suisse) SA, said that once the US market starts marking healthy recovery, FII flows will start returning to the emerging markets.
While the country’s central bank took stern steps to curb inflation and hiked key rates by 50 bps, Arjuna Mahendran, the managing director and head of Asia investment strategy with HSBC Private Bank says that high inflation has never been a hurdle to the growth of corporate earnings and is meant to subside soon.
With so much talk about inflation, the concerns on that and on growth - Jahangir Aziz, Chief Economist-India at JPMorgan and Arjuna Mahendran of HSBC Private Bank help breakdown the correlation between markets and these macro parameters.
Arjuna Mahendran, managing director, head investment strategy-Asia at HSBC Private Bank, in an interview with CNBC-TV18’s Mitali Mukherjee gave his view on the market and the outlook ahead.
The weakness continued at the markets for the third straight session. The Nifty shed another 30 points to close below 6,050.