In an interview to CNBC-TV18, Geoffrey Dennis, Head of Global Emerging Market Strategy at UBS & Richard Harris, Chief Executive at Port Shelter Investment Management shared their views and outlook on global markets and geopolitical tensions.
In an interview to CNBC-TV18, Shane Oliver of AMP Capital, Dr Waiel Awwad, South Asia Bureau Chief of Syrian Arab News Agency and Richard Harris of Port Shelter Investment Management spoke about the developments in the global and geopolitical space.
Harris who is bearish on US markets on long-term basis said that India does look attractive on a relative basis when compared with other emerging markets (EMs), but the reform process has to pick up which would really boost the sentiment.
The US markets aren‘t at stratospheric levels and definitely not in a “bubble territoryâ€, Richard Harris told CNBC-TV18. The founder of the investment consulting firm said that the US market is in a substantial bull run but there is a likelihood of a pull back after the recent rally.
Western market rallies, Richard Harris, Chief Executive of Port Shelter Investment Management said, are short-lives usually. The market has already discounted a probable rate hike by the US Federal Reserve.
Speaking to CNBC-TV18 Richard Harris, Chief Executive of Port Shelter Investment Management said that the US Fed has gone so far in not raising rates.
As the countdown to the big verdict for US presidential election begins, a CNN poll of polls is giving a 4-point lead to Democrat Hillary Clinton. Market experts expect that Clinton‘s election to the post of US President will lead to a decent rally in the markets. They say Republican Donald Trump at the White House may bring down markets.
Speaking to CNBC-TV18 Richard Harris, Chief Executive of Port Shelter Investment Management said if Donald Trump comes to power in the US, it will lead to a selloff resulting in a buying opportunity.
Richard Harris, Chief Executive, Port Shelter Investment Management says that among EMs, he likes Indonesia and India. China, he said, is a bit of question mark still as lot of new reforms are needed.
Local governments in China borrowed heavily following the global financial crisis to help sustain the country`s impressive growth rates by funding investment projects. The entities are not permitted to borrow from banks, so instead they set up special purpose vehicles to do so.
In an interview to CNBC-TV18, Richard Harris, chief executive, Port Shelter Investment Management talks about his reading of global markets in the current environment and discusses where markets are headed in the medium-term.
India is likely to strengthen going forward, says Richard Harris, chief executive, Port Shelter Investment Management. However, he says, the rise is going to be more muted than it was in December and January.
Richard Harris, chief executive, Port Shelter Investment Management talks about the escalating eurozone situation and how global markets are reacting to the possibility of Greece exiting the region with which it shares a common currency.
The global markets have been subdued over the last couple of sessions. In an interview to CNBC-TV18, Richard Harris, chief executive at Port Shelter Investment Management says, the markets will continue to be weak.
Richard Harris, Chief Executive, Port Shelter Investment Management, offers his views on the ‘Merkozy’ saga and the shenanigans of the euro. While sounding cautiously optimistic on emerging markets like India, he says the markets are frustrated by the slow pace at which politicians and regulators are trying to defuse the crisis in Europe.
Richard Harris, Chief Executive, Quam Asset Management expects Europe to improve at a steady pace. Moreover, he indicated that the result expected on Wednesday is a temporary solution. According to Harris, India looks good in long-term as it is a more diversified economy.
In an interview with CNBC-TV18, Richard Harris, Chief Executive at Quam Asset Management says all the 'so-called' meetings and teleconference calls between leaders in the US and Europe is a bunch of hot air.
As Europe goes through turbulent economic conditions, Richard Harris, Chief Executive of Quam Asset Management urges investors to look at domestic driven emerging market economies to park their moneys.
This past week, global markets have seen a good technical rebounce. But will this last? According to Richard Harris of Quam Asset Management, the market has accounted for most of the bad news and has taken it into its stride.
The Federal Reserve’s Jackson Hole meeting is scheduled for later tonight. In an interview to CNBC-TV18, Quam Asset Management’s chief executive Richard Harris gave a view on the awaiting signals from the meeting and what could be expected from it.
In an interview to CNBC-TV18, Richard Harris, Chief Executive, Quam Asset Management said, people are now concerned about recession. However, according to him, the markets are unlikely to go below 2008 levels.
In an interview on CNBC-TV18, Richard Harris, chief executive of Quam Asset Management says he didn't find much conviction in the Fed's tone. His call is that markets will stay choppy for a while. From the currency basket, he sees the Swiss franc, the yen and even the rupee as a safe haven for investors with cash.
After global equity markets witnessed a volatile and tumultuous session, since the US credit rating downgrade, Chief Executive of Quam Asset Management, Richard Harris talks to CNBC-TV18 about how he reads the market post this newsflow. He also gives his outlook on certain commodities like Brent crude and gold.