Reported 4 months ago
Emerging markets are facing their steepest decline in seven weeks as global elections unfold, with Pictet Asset Management Chief Economist Patrick Zweifel emphasizing that markets are looking beyond immediate implications and focusing on underlying fundamentals shaping the economic landscape. India's market reaction to the election results, losing $386 billion, is deemed by Zweifel as 'overdone' due to past policies, federal structure, and Prime Minister Modi's fiscal commitment. Additionally, Zweifel discusses the impact of globalization on inflation, highlighting the increasing globalization of services which could potentially lead to global disinflation.
Source: YAHOO