Here's why Peter McGuire is bullish on steel
economictimes.indiatimes.com«You have only got to look at Delhi and what is going on there from an infrastructure and then come to Mumbai and it is breathtaking,» says Peter McGuire, CEO, XM Australia.
And let us get to talking about that hotter than expected inflation print that came in. What do you think this will lead the US Fed to do?
A couple of things. I think it hit the market by a little bit of a surprise and as far as a pushback, we were looking at the best part of 65-66% as far as a rate cut come May and that has been pushed back now to around about 32-33% and they are rolling that forward to possibly by June or July.
So, it seems to be the gradual pushback. So, when do we see blast off as far as rate cut policy and the second one is the market certainly did not like it. They had a bit of a pullback and gold really gave up some gains. US dollar went higher and treasuries were to the moon.
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Forget all of that. Tell me, each time you come to India, what is the difference that you see? You were there at the Global Business Summit in New Delhi. What is the chatter and the buzz around India?
I think so many different points and it really to be a conceptualised in my mind as far as rail, transportation and, of course, infrastructure. It is just breathtaking. I say that passionately because
