Monday, 24 April 2017

Overweight on India; expect it to be a long-term outperformer: Geoff Dennis

The outcome of French elections to result in a stronger Euro against the Dollar. Reacting to the outcome, euro vaulted to five-month peaks as it reduced the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades, said a report.

“This is a very good result for risk taking in markets. Mr. Macron should be able to win the second round probably comfortable,” said Dennis.

Commenting on India, he said that emerging markets lost some upside momentum but things will get better as the outcome of French election will boost Euro and weaken the dollar. However, India might not be the biggest beneficiary of any currency volatility.

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