China is waiting for the new leadership in March,according to Ronald Wan,Managing Director at China Merchant Securities.For the real policies,it has to wait until Q2 or Q3.They need to prolong growth by increasing consumption and breaking up the state-owned entertprises.It makes it difficult for private enterprise to even lend money.
The key thing is the policy on urbanisation and consumption.The RMB will grow 2-3% this year.It's still relatively attractive.
The Hong Kong property market will grow 5-10% this year,said Henderson Land.
In Europe,there's been a big improvement in the periphery,said Mark Matthews,Head of Research-Asia at Bank Julius Baer.The massive pain they've been going through is starting to yield results.There are good things to look at even in beaten-up markets like France.
We went from an underperform to a neutral in Europe,adds Liz Ann Sonders,Senior Vice President and Chief Investment Strategist at Charles Schwab.We're certainly sticking with that market perform.
Tech has been our longest term outperform rating.For now,we think you don't want to make a lot of sector bets in the market.
Jack Ablin,Executive Vice President at BMO Private Bank,said it's remarkable.I see more problems,more and more volatility.We probably want to play an equity exposure away from the US,or at least away from the consumer.
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