In an interview to CNBC-TV18, Geoff Lewis, Global Strategist-Capital Markets Group at Manulife AMC and Michael Every, Head of Markets Research for Asia-Pacific at Rabobank assessed the impact of this news on the markets.
If there is a problem with a bank in a country like Germany then global investors need to worry because banks occupy a special place in the financial system, said Geoff Lewis of Manulife Asset Management.
Michael Every of Rabobank expects markets to remain extremely volatile untill the Brexit vote on June 23. Therefore, he thinks it is better to buy inflation related bonds or best raise cash levels.
Michael Every of Rabobank believes a December rate hike is a done deal but the question remains on how aggressive will be their course of action through 2016.
Michael Every of Rabobank says, if he held India then he would not sell now but advices that in current volatile times it is better to preserve capital.