market-commentary

MARKET COMMENTARY

Scroll Down

Divergence in Reality

Jun 3, 2020

3:37 am

Global reopening, a ray of hope “Finally!” is the emotion that springs to our minds as large part of the globe shifts gears from managing through a lockdown to re-emergence. Notwithstanding personal fears, just having the option of mobility is a big trigger for the hope of normalcy. But one look at the accompanying chart…

Read More

Why are Credit Markets Rallying?

Jun 1, 2020

7:08 am

• As is the case in equity markets, credit is showing strong evidence of short-term overvaluation • Further downgrades are inevitable • The impact of economic pain is far from clear • A properly articulated bond strategy could avoid the pitfalls and take advantage of high spreads Credit markets have recovered well from the point…

Read More

Re-opening with Hope

May 26, 2020

6:29 am

• Economic data displays fewer really bad surprises • Some country and sector rotation within equity markets • Emerging market debt showing good momentum • India – a market waiting to perform • Chinese assets with domestic support but international challenges We would frame the current market phase as a ‘re-opening filled with hope’. Markets…

Read More

Monetary Policy Update

May 23, 2020

1:32 am

Repo Rate Cut by 40bps; Moratorium Extended The Reserve Bank of India (RBI) in an unscheduled monetary policy committee (MPC) meeting today reduced the policy repo rate by 40bps to 4%, the lowest in last two decades. The MPC judged that the risks to growth are acute, while the risks to inflation are likely to…

Read More
Top