Julius Baer

"The Hindenburg-Adani Group affair will eventually become yesterday's news, and the market will focus on the fact that India does have strong earnings growth this year"

Morgan Stanley remain bullish on consumer discretionary, industrials, financials, and technology; and remain underweight all other sectors

'Domestic flows are showing signs of fatigue and may not enjoy the same momentum as in the recent past, especially in the backdrop of increasing global uncertainties'

The decoupling of Indian equity markets, this year, from the global markets has been remarkable. While the S&P 500 has lost over 20 per cent in CY22 so far, the Nifty50 index is marginally in the red

A day after he courted controversy, sensationally quitting his game with Niemann after playing just 1 move, world champion Magnus Carlsen let his chess do the talking in the Julius Baer Generation Cup

'The wealth management market in India is becoming highly competitive with digital disruption and increasing need for personalised client engagement'

Equity markets are headed towards a bear phase: Mark Matthews, Julius Baer

Business Standard's Puneet Wadhwa speaks to Mark Matthews, head of research for Asia at Julius Baer to get his views on the road ahead for global equity markets as they adjust to rising interest rates

Our global desk currently maintains an 'overweight' rating on India with a Sensex target of 66,000

Most analysts expect the markets to remain choppy in FY23 amid multiple headwinds. The ongoing geopolitical crisis, they feel, will keep commodity prices elevated and market gains in check

Mark Matthews, head of research for Asia at Julius Baer, tells Puneet Wadhwa that the markets at the current levels are pricing in more rate hikes than what will actually happen in CY22

The world stock market has doubled in value from its low in March last year, and we think it now reflects 90 per cent of the post-pandemic economic recovery.

The Budget has managed to "balance" the industrial development needs with those of the social and rural sectors

With a successful breakthrough on the vaccine front, we seem to be moving closer to normalisation in a quarter's time, says Julius Baer India MD

The plan comes as China, the world's second-largest country by number of billionaires, has been rapidly opening up its financial sector for bigger foreign participation.

As of now, we expect the global recession will be deep but short, and the fiscal and central bank actions should mostly prevent a financial and economic meltdown

The Budget lacked any major announcements pertaining to the financial sector, infrastructure, real estate, and exports, which are all critical for reviving growth, says CEO Ashish Gumashta

There have been (political) developments in emerging markets (EMs) as well, with important elections in Turkey and Mexico, says Matthews

Global markets have reacted sharply to the rise in US bond yields. MARK MATTHEWS, head of research for Asia, Julius Baer Group tells Puneet Wadhwa that right now it is premature to say global markets are entering into a bear phase. Though he remains bullish on India, he advises staying away from the mid-and small-caps. Edited excerpts:Is the market reaction to rising bond yields overdone?Central banks have been taking the liquidity away, starting with the US Federal Reserve (US Fed). That's one reason that the bond yields have started rising. The other reason is that the global economy is growing at a healthy rate. The macro data has been above expectation. The big mystery, however, is that the bond yields are rising now; the big mystery is why they weren't rising earlier. The US Fed has raised rates five time since 2015. The bond markets are now getting to a level where they should have been at a few months ago. The bond market is not being irrational, but is pricing in very strong ..