Salient to Investors: The festival season in India, the world’s biggest gold consumer, runs from August to October and the wedding season runs from November to December and from late March through early May. Gaurav Mehta at Ambit said the fall in gold should alleviate to a significant extent one of
READ MORE... →Salient to Investors: Martyn Davies at Frontier Advisory said there’s a shift in power from the traditional to the emerging world, with much geo-political concern about this in the western world. Foreign direct investment into BRICS nations accounted for 20 percent of global FDI flows versus only 6 percent in
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs says: China equities are very cheap and are the best place to be in 2013. Don’t expect draconian tightening in China as inflation last year was way below their target and the government has been careful not to stimulate economy too much and are doing a good
READ MORE... →Salient to Investors: Prashant Jain at at HDFC Asset Mgmt sees value in India’s biggest lenders on prospects of fewer bad loans that have made them Asia’s worst-performing bank stocks in the past year. Banks account for 29 percent of his HDFC Top 200 Fund. Jain said the worst of
READ MORE... →Salient to Investors: India may increase import taxes for a second time in 2013 to narrow a widening current-account deficit, 80 percent of which is due to gold imports, curbing demand for gold in jewelry and investment. Monal Thakkar at importer Amrapali said increasing the duty will encourage smuggling keeping India as the number
READ MORE... →Salient to Investors: The IMF said: The world economy will grow 3.5 percent in 2013 and 4.1 percent in 2014, versus 3.2 percent in 2012. The euro region will shrink 0.2 percent in 2013, led by Spain and slowing growth in Germany, and grow 1 percent in 2014. The euro region poses a
READ MORE... →Salient to Investors: The IMF said: India’s financial system is vulnerable due to a deterioration in bank assets and a lack of capital as the economy slowed. Increasing involvement in the financial industry leaves the government exposed to losses at banks and is braking economic growth India’s economy will expand
READ MORE... →Salient to Investors: John-Paul Smith at Deutsche Bank said stocks in the major developing markets will again lag global equities in 2013 – China has focused on increasing the pool of buyers for Chinese assets, rather than boosting the role of free markets and privately run companies in the broader economy. Smith prefers cash to BRIC
READ MORE... →Salient to Investors: Indian policies to lure foreign investors are driving the nation’s largest money managers to buy automakers, property companies and metal producers that stand to benefit most from a recovery. Overseas investors bought a net $24.2 billion of Indian stocks in 2012, the most among 10 Asian markets excluding
READ MORE... →Salient to Investors: Gary Shilling at A. Gary Shilling & Co writes: Long-term India will emerge as the more significant global economy than China. About China: Much of its growth before 2008 came from a shift in global manufacturing from Europe and the US, and not by domestic-oriented activity. Its economy remains export-driven – consumers account
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