Globally, equities will not be a one-way bet

Sunday, July 05, 2009 (New Delhi) NDTV Profit’s Namrata Brar and Ashutosh Sharma of spoke with Warren Hogan, head of market economics and strategy at ANZ Investment Bank, on July 2, 2009. Hogan spoke about his outlook on global equities and the prospect of the Asian economy, particularly India. Namrata: Do you believe that on global equities first, this move of digestion or risk reduction is over? Now, people are looking at relative value trades and that’s where the call is—it’s not going to be simply a one-way move which is largely now discounted in the March rally. Warren Hogan: Well, I think the outlook from here is a lot more difficult than it has been. There was a lot of momentum behind the moves in the last three months and I actually think what we saw there was the markets pricing out a depression for the global... [read full story]                    

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