A ban on major shareholders offloading stakes in listed firms due to expire on Friday-widely considered a major catalyst behind this week's selloff-will remain in place until new rules are promulgated, the Shanghai Securities News said at the market open. No further details, such as when the ban would be lifted, were given.
European equities are expected to open to choppy trade following tense talks between Greece and the euro group of finance ministers about Greek reform proposals. In an interview to CNBC-TV18, Mark Konyn, CEO, Cathay Conning Asset Management, discusses on the same.
If things improve on the ground and long-term prospects in the US change for the better, the Federal Reserve may raise rates sooner than anticipated, says Mark Konyn, CEO of Cathay Conning Asset Management.
If the upside in US yields was a catalyst for money flowing out of emerging markets, then a slowdown in China could prevent money flowing back-in, Mark Konyn of CCAM said.
In India, although, the market has held up a little bit better, there is concern that there is hot money that may flow out of the economy, says Mark Konyn, CEO, CCAM.
Mark Konyn, CCAM told CNBC-TV18 that post the Budget also investors feel that there is still fundamental and structural weakness in India. He believes that market is not yet convinced that the additional revenues can be raised as it is being hoped.
A lot of people think that Spain will ask for a bailout in November. In an interview to CNBC-TV18, Mark Konyn, CCAM says Spain has been delaying this for sometime. "They have issues within the country as well. There is an expectation in the market that this could drag on for sometime," he adds.
Mark Konyn of CCAM told CNBC-TV18, the market momentum has built over the announcements made by the ECB last week. However, before the big decision on the banking union comes out, markets are likely to be cautious.
The global markets are keenly watching the European Central Bank (ECB) meet on September 6. Mark Konyn, CCAM says the markets are expecting a rate cut. "It may disappoint because there are a couple of challenges in the German Court. That may cause the ECB to hold off at this juncture," he adds.
Mark Konyn of CCAM believes Greece is going to be allowed breathing room to meet its bailout requirements.
In an interview to CNBC-TV18, Mark Konyn, CEO, CCAM gives us his expert view on how global markets are panning out now after the big events - the EU summit and the ECB and BoE monetary policy played out.
In an interview to CNBC-TV18, Mark Konyn, the chief executive officer of CCAM says policy options remain rather narrow for the Reserve Bank of India right now.
The US macro data has been mixed. The non-farm payrolls completely disappointed the street. Mark Konyn, chief executive officer of CCAM sees lower probability of a quantitative easing 3 (QE3).
Independent strategist Mark Konyn tells CNBC-TV18 that global markets are going to be a little sluggish and will face some difficulty is taking big leaps from hereon.
Independent Strategist Mark Konyn believes that investors are waiting to jump up at the sight of any positive newsflow, and this will likely lead to further gains for global markets.
Even as the world awaits the verdict on Greece, independent strategist Mark Konyn believes that there is still a lot of steam left in the markets.
As European leaders gather for their first Summit of the new year, questions are cropping up over the weakening European economy and a possible Greek debt default. Greece now requires 145 billion euro for the second bailout.
Mark Konyn says, in the shorter term, equity prices are likely to move up. “I think investors at the moment are very keen to latch on to any semblance of good news,” he adds.
Independent global market analyst Mark Konyn says India is not quite up there as a top pick for investors.
Yesterday, Greece called off the referendum. Mark Konyn, chief executive officer of RCM says, it removes some of the doubt over the ability of the Euro zone to put the package together and move to the next stages and start implementation. In an interview to CNBC-TV18, Konyn says, Greek default has already been priced in by markets.
In an interview with CNBC-TV18, Mark Konyn, CEO, RCM Asia Pacific says the key now is to give investors some confidence as a medium-term vision.
For the short-term, chief executive officer of RCM, Mark Konyn expects the outlook for emerging markets to be quite troubled. He feels that India is close to the top of the policy cycle. We don't expect to see further policy tightening, he told CNBC-TV18.
With the Federal Reserve's Jackson Hole meeting scheduled tonight, the possibility for a big QE3 is on the cards. In an interview to CNBC-TV18, Mark Konyn, chief executive officer at Allianz Global Investors' company RCM shared his expectations form the meeting and gave his perspective on what it means for the emerging markets like India.
The Greece debt crisis has been one of the major global issues for quite some time. Mark Konyn, CEO of RCM, a company of Allianz Global Investors, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, analysed the situation in Greece and how would it impact India.
In an interview with CNBC-TV18, Mark Konyn, CEO, RCM said investors are now quickly recalibrating and realising that the US economy is going to face a period now of sluggish growth. According to him, investors are still cautious on emerging markets because of the inflation issue.