Mkt pullback to continue for a while: Deutsche Bank
June 26th, 2009
Michael Spencer of Deutsche Bank said that the fundamental story would be much more attractive by the end of the year but in the short-term, he said the economic data would still pose some concern. He added that the pullback seen of late was likely to continue for some time.
On the Indian markets, Spencer said that he was positive on India and expects a healthy recovery. However, he added that he liked Korea and Taiwan over India and China. Asia will see good export numbers in Q3 and Q4 this year,