Oct 17, 2013, 02.19 PM IST
Emerging markets will continue to do well considering there are five more months of stimulus push before the Fed can consider tapering. Though, according to Nick Parsons, head of research, UK & Europe, National Australia Bank, the fears of emerging markets getting hit if and when the Fed starts tapering is overdone.
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EMs to gain till Mar; see rally in Europe, US: Nick Parsons
Emerging markets will continue to do well considering there are five more months of stimulus push before the Fed can consider tapering. Though, according to Nick Parsons, head of research, UK & Europe, National Australia Bank, the fears of emerging markets getting hit if and when the Fed starts tapering is overdone.
Like this story, share it with millions of investors on M3
EMs to gain till Mar; see rally in Europe, US: Nick Parsons
Emerging markets will continue to do well considering there are five more months of stimulus push before the Fed can consider tapering. Though, according to Nick Parsons, head of research, UK & Europe, National Australia Bank, the fears of emerging markets getting hit if and when the Fed starts tapering is overdone.
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He expects Europe to rally on the assumption that there will be resumption of growth in the US as its shutdown ends and on belief that the Federal Reserve cannot start withdrawing stimulus until March. He feels even emerging markets are going to do well considering there are five more months of stimulus push before the Fed starts tapering. Though, according to him, the fears of emerging markets getting hit if and when the Fed starts tapering is overdone.
Below is the verbatim transcript of Nick Parsons' interview on CNBC-TV18
Q: It is a muted reaction in the European markets to the US agreeing to increase the debt ceiling?
A: It is. I think part of the reason that the reaction is muted is that we got first news of this around 3 o'clock our time on Wednesday so we had a strong rally into the close and what we would say is that we have consolidated that rally, we held on to the gains. However, it is not that the market does not like it today; it's that they did like it yesterday and that was the price action that contain the news.
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