After an eventful September, the global markets are heading towards a phase of stability and choppiness, Justin Harper, head of research, IG told CNBC-TV18.
As borrowing costs get closer to the danger area that forced Ireland, Greece and Portugal to seek a bailout, investors are concerned that Spain is next in line to dial for help. Justin Harper of IG Markets finds that the Spanish government is downplaying its country's debt issues.
In an interview to CNBC-TV18, Justin Harper, head of research, IG Markets gives his outlook on the current global environment, post the EU summit. He also discusses other risky asset classes like crude.
In an interview to CNBC-TV18, Justin Harper of IG Markets says talks on quantitative easing have become louder with global markets banking on a flood of liquidity hitting the system soon.
Justin Harper, head of research of IG Markets tells CNBC-TV18 that the sharp corrections witnessed in global markets has investors entering the field again to pick up some solid companies which are available at a discounted price.
In an interview with CNBC-TV18, Justin Harper of IG Markets, spoke about the worsening conditions in the European markets and the road ahead.
Risk aversion is heightening at this point in time and can be seen across the global screen. Greece exiting the euro zone is the talk of the town right now and is almost a given, something that markets seem to have priced in.
Justin Harper of IG Markets believes investors are withholding from buying risk assets currently because of the choppy behaviour of equities.
Justin Harper of IG Markets feels that emerging markets like India will continue to struggle.
Justin Harper, head of research, IG Markets says, investors are favoring non safe haven assets. "The general feeling is equities are on a slow uptrend because the economy is tending to be more upbeat than people expected," he adds.
Yesterday, Euro zone finance ministers sealed a second bailout for Greece. Justin Harper, head of research of IG Markets says, the markets had already priced in that. According to him, the global economy is not as rosy as a lot of the bulls think it is.