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Business Standard's Puneet Wadhwa speaks to Mark Matthews, head of research for Asia at Julius Baer to get his views on the road ahead for global equity markets as they adjust to rising interest rates
Mark Matthews, head of research for Asia at Julius Baer, tells Puneet Wadhwa that the markets at the current levels are pricing in more rate hikes than what will actually happen in CY22
The world stock market has doubled in value from its low in March last year, and we think it now reflects 90 per cent of the post-pandemic economic recovery.
Mid- and small-caps appear attractive given their reasonable valuations, says Mark Matthews
India is a good market to buy and hold, says Mark Matthews of Julius Baer Group
Also says, corporate earnings should grow at least by 20%, led by banks & commodity-related sectors