Guy Stear, Head of Emerging Markets Strategy at Societe Generale, explains India’s problem
Guy Stear, Head of Emerging Markets Strategy at Societe Generale, explains that India’ situation is that Fed’s interest rate cut and a stronger dollar would raise questions on the ability of companies paying back in dollars.
''The European markets are really responding to what happened elsewhere. We had a weak close in the US as you mentioned. We also had a fairly weak end of the session in Asia and Europe has really been following those other markets. The disappointment about the PBoC move is first of all, there was talk over the weekend about a reserve rate cut.''
Guy Stear, Head of Emerging Markets Strategy
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