See a lot of stimulus for US economy, rate hike expected by US Fed: Experts
In an interview to CNBC-TV18, Mark Matthews of Bank Julius Baer and James Glassman, Senior Economist at JPMorgan spoke at length about the strong jobs data in the US and the latest happenings in the global markets.
Talking about the strong jobs data in the US, James Glassman, Senior Economist at JP Morgan said that it was a good new for the US economy as it had a lot of stimulus.
Talking about emerging markets, he said that Indian economy is expected to grow faster than China in years to come.
Matthews of Bank Julius Baer said that there was a rate hike expected by the US Fed in March.
"There is an increasing chance of 4 rate hikes in the US instead of 3 going ahead", he said.
According to Matthews, majority of weakness can be attributed to alleged public sector banks (PSB) scam in India.
On earnings front, he expected earnings in India to be strong for this year as well as next year.
"We believe 3 largest Indian PSU banks to be able to raise enough capital to cover non-performing assets (NPAs)", said Matthews.
He further mentioned that we expected big bond buying from pension fund which will stop yields from rising further.
First Published: Mar 12, 2018 3:22 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM