In an interview to CNBC-TV18, Mark Matthews of Bank Julius Baer & Co and Simon Powell, Global Head of Thematic Research at Jefferies, discussed at length the COVID-19 situation around the globe, India and emerging markets.
Matthews said that the Indian market is “surprisingly robust”. He expects to see a significant sequential improvement in the Indian market.
However, his top pick among the emerging markets is China. “We don’t dislike the Indian market. It’s not our major ‘overweight’ within the emerging markets either – that’s China,” said Matthews.
According to him, China may grow by 2 percent in 2020, 8 percent in 2021 and 5 percent in 2022.
Powell believes markets should be focused on death rate than rise in daily cases. He noted the death rates have been declining across the globe.
On India, he said the chance of another lockdown are slim. According to him, India may outperform other emerging economies.
On the US market, he said, “The US market is not worried about election but waiting for stimulus post-election.”
For more, watch the video