Adrian Mowat of JP Morgan says that we may have seen the worst in global equities. He expects the Fed to lower rates by 25 bps in September meeting. Fed is now concerned about growth rather than inflation. Emerging markets have suffered from 'unfair' collateral damage and select Indian companies are susceptible to credit issues due to ECBS, M&A's, he adds.
Mowat further said that there is no serious threat to the Indian economy. He likes select stories in India. Political issues in India is a cause of concern and it may depress sentiment.
Mowat further said that there is no serious threat to the Indian economy. He likes select stories in India. Political issues in India is a cause of concern and it may depress sentiment.
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