Bill Belchere, Mirae Asset Securities says the global markets are getting a little bit ahead of themselves. "We still have unresolved fiscal issues. I am going to characterise this as a relief rally or re-rating rally. We really don‘t have a real change growth yet," he adds.
With a positive vote from Germany, everyone is breathing a sigh of relief. However, Bill Belchere of Mirae Asset Securities believes that this move will only serve as ‘a salve for a short period of time.’
At the FOMC meet today, Bill Belchere, global economist at Mirae Asset Securities believe that the Fed is going to announce what is now being known as Operation Twist.
Cairn India is a top pick in the energy sector, says Nipun Sharma, Research Analyst, Mirae Asset Securities.
A sharp overnight selloff in commodities petered out on Friday, led by a small pullback in silver, while Asian equities clawed back up from the day's lows as market players squared positions before US payrolls data