Mark Matthews of Julius Baer said the estimated effect of these tariffs may amount to around 10 billion dollars, which is insignificant in the context of India’s 4 trillion dollar economy.
Matthews also sees crude coming back down to $75 a barrel, and feels bonds are where it’s at since they will see capital appreciation.
Matthews said that one must remember for any currency that has been in a structural decline for as long as the rupee, it will take some time to change investors views.
With the backing of a strong US economy, Matthews believes that it is unlikely that there will be a rate cut for many months.
If Saudi Arabia cuts production, other producers would jump in to take advantage of high crude oil prices. This would prompt Saudi Arabia to increase production again.
"To be a long-term investor and a short-term trader simultaneously requires enormous skill and courage. I don't think there is anyone in the Indian market who could manage this like Rakesh Jhunjhunwala," Envision Capital's Nilesh Shah said.
In an exclusive interview with Moneycontrol, he said the government will accelerate the reforms process to tackle the slowdown.
“The major support for markets in Asia in the second half of the year could come through a weaker dollar,” Mathhews said.
In an interview to CNBC-TV18, Mark Matthews of Bank Julius Baer & Co and James Glassman, Senior Economist at JPMorgan shared their views and reading on global markets.
Mark Matthews of Bank Julius Baer is positive on India. A strong base effect coming from commodities and the banking space is the reason for his optimism.
US President Donald Trump has a very unpredictable style but he does intend to do what he said he would, says Mark Matthews, Head Research, Bank Julius Baer.
Speaking to CNBC-TV18 Mark Matthews of Bank Julius Baer and Shane Oliver of Amp Capital Investors weighed on the impending FOMC meet and its implications
The introduction of Goods and Services Tax (GST) is a very positive move for India feels Mark Matthews of Bank Julius Baer & Co., who believes it will restructure the economy.
Speaking to CNBC-TV18, Mark Matthews of Bank Julius Baer & Co said that there is a possibility of re-counting too. Even if Hillary Clinton won, there are too many scandals surrounding her and lot of people will make the job difficult for her.
The Indian market is big and liquid, there is not reason for money to move out of India, Mark Matthews, Bank Julius Baer and Co says. He expects the Indian market to do well over the next 12 months.
Speaking to CNBC-TV18 Mark Matthews of Bank Julius Baer & Co said equities and fixed income on a global basis are relatively expensive to history. Fixed income is more expensive between the two, he said.
China's markets have stumbled since the start of the year, with the Shanghai composite down nearly 13 percent so far this year, even as US stock indexes have been tapping record highs.
With China's Producer Price Index lessening and the deflation going away, earnings in the country are expected to rise, he says.
Seventh pay commission, GST expectations, monsoon will push growth for the India, says Mark Matthews of Bank Julius Baer.
Mark Matthews of Bank Julius Baer says he is not sure if the relief rally can sustain. Factors like the macro data in China, and for India, the impending Bihar elections will influence sentiment, he says
Mark Matthews of Bank Julius Baer & Co lack of reforms and poor earnings are not "good news" but the market has taken that in stride and decided to be patient.
Although India seems to be going through a soft patch, Mark Matthews of Bank Julius Baer & Co remains positive and has not decreased his allocation to the country. He is long-term bullish on the banking sector in India.
Matthews is anticipating the first rate hike by the US central bank in September rather than June.
Robust jobs growth in the US is the talking point in market across globe. However, wages rose a miniscule 2 per cent year-on-year, which means the case for a rate hike isn‘t that strong as perceived.
Profit booking also pushed the market lower; oil, capital goods, metals, power and HDFC group stocks lost ground whereas FMCG, auto and select technology stocks supported the market.