Shane Oliver, head investment strategy and chief economist at AMP Capital Investors discussed global set-up and US elections 2020 in an interview with CNBC-TV18.
“There was a lot of nervousness surrounding India when the cases were rising. The number of new cases today have been trending down and with that we have seen a bit of confidence return regarding India and its reopening. That is helpful. Valuations are better than they were several years ago. So in that case India looks okay,” he said.
When asked if the global risk rally will continue, he said, “My base case is six-twelve months, share markets will be higher than they are now. We are looking at a general backdrop of gradually improving global growth that is good for profits. We are seeing very easy monetary conditions, very low interest rates.”