There is a possibility that EMs at the end of the current year or in 2015 will become excellent buying opportunity but it is not the right time yet to bottom fish says Rob Aspin in an interview to CNBC-TV18.
â€œOverall we still believe we are in a recovery mode in the US and Europe. So, from that perspective we are still pretty bullish on the equity markets and we believe this is a good opportunity for people to consider adding to their exposure,â€ said Steve Brice of Standard Chartered Bank.
According to Samiran Chakraborty, head-research, Standard Chartered Bank FY15 growth will be tepid around 5-5.5% on back of political uncertainly (elections). Although in the last 6-8 months some projects have got clarity, some political uncertainty has been removed, it could have a lagged effect on output.
Rob Aspin, Senior Investment Strategist, Standard Chartered Bank says both India and Indonesia are fairly close to the end of the rates hike cycle, so even though economic growth may slow down, net-net it'll be a positive for equities. He is bullish on the healthcare and technology space.
Ananth Narayan, Co-Head, Wholesale Banking, Standard Chartered Bank however remains cautious despite rupee‘s robust recovery. He says despite all the steps taken by the Reserve Bank, improvement in current account deficit and increase in the war chest, elections can have a digital impact on all macro economic aspects on the rupee side.
The multi indicator approach required the monetary policy to be set on the basis of growth targets as well as inflation targets though predominantly inflation targets.
With RBI saying that steps taken in the past monetary policy works with 2-3 quarters lag, making it possible that a disinflation process is on with negative output gap, forces Samiran Chakraborty, Head of Research, Standard Chartered Bank to believe that there is no chance of a rate cut.
Lord Adair Turner goes on to analyse India and says the crucial thing is to look at the degree of reliance on short-term debt and that is something that RBI governor Raghuram Rajan has commented on within the nature of financing of current account deficit (CAD).
Samiran Chakraborty, Regional Head of Research, India, Standard Chartered Bank does not see much upside for the Indian currency from the current levels. The market has digested that the CAD won‘t be a risk for India anymore.
Clive McDonnell, head of emerging-markets equity strategy, Standard Chartered Bank recommends investors to look at sectors such as the consumer discretionary space, telecom space and also selective energy names.
In an interview to CNBC-TV18, Ananth Narayan, Standard Chartered Bank spoke about his reading of the Indian rupee and his expectation from this month‘s the RBI credit policy.
According to Callum Henderson, Standard Chartered Bank, the Asian and emerging market (EM) currencies are likely to be under pressure in the first half of 2014 whereas the developed market currencies will outperform, starting with the dollar.
Steve Brice, chief investment strategist, Standard Chartered Bank believes as long as the data coming out of the US continues to be strong, markets will take tapering in its stride.
Today's appreciation can be attributed to election euphoria and inflows coming into the system, says Agam Gupta of Standard Chartered Bank.
Rob Aspin, senior investment strategist, Standard Chartered Bank says the US dollar is likely to strengthen in the next few months.
In an interview to CNBC-TV18, Ananth Narayan, Standard Chartered Bank spoke about currency and economic factors.
Despite expecting reasonable returns from Indian market over the next 12-month period, he remains â€œunderweightâ€ on the country.
In an interview to CNBC-TV18, Agam Gupta of Standard Chartered Bank says the rupee is likely to depreciate to 63 against the greenback by the year end.
Ananth Narayan, Standard Chartered Bank expects rupee to be in 61.5-63.5/USD range and ten-year bond yields in 8.8-9.25% range.
Like most experts, Agam Gupta of Standard Chartered Bank sees October Consumer Price Index (CPI) inflation just below the 10 percent mark and adds that it is already built into the market.
Samiran Chakrabarty of Standard Chartered Bank is positive on the IIP data for September. However, he is cautious about the trend's continuity in the coming times.
Agam Gupta of Standard Chartered Bank believes the market is discounting a 25 basis point hike in repo rate along with a 25 basis point cut in the MSF rate.
The rise in WPI seems to be more of a food impact. But the RBI is likely to be cautious and may even raise the repo rate in its upcoming October 20 monetary policy.
On the back of the positive trade number for September, Samiran Chakrabarty, head of research, Standard Chartered Bank feels there is a possibility of current account deficit falling below the USD 70 billion target.
Agam Gupta, Standard Chartered Bank says exporters seem to be sitting on the sidelines and feels stop loss export hedging can come if rupee goes to 60/USD.