Don't see any central banks in Asia cutting rates until the Fed does: Mark Matthews
«I think the overriding is that the strong earnings growth in India and the fact that it is the domestic investors who are deciding the direction of the market much more than in the past when it was foreigners who would be held back by investing in emerging markets because they were worried about a stronger dollar. So, I feel same as I felt two years ago that it is still a good market,» says Mark Matthews, Julius Baer.
Now, May is likely to be a very hectic month, full of data points, especially global mixed data points coming out of US. Here, we are already looking at progress of monsoon, earnings, and polls. What is your current positioning as far as Indian markets go?
Well, we have been bulls on India for, I guess, around two years now and there is no change to that view. Of course, emerging markets are often slowed down by a stronger dollar and we have had a stronger dollar up until a couple of days ago.
But I think the overriding is that the strong earnings growth in India and the fact that it is the domestic investors who are deciding the direction of the market much more than in the past when it was foreigners who would be held back by investing in emerging markets because they were worried about a stronger dollar. So, I feel same as I felt two years ago that it is still a good market.
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