FXStreet (Mumbai) – Investment bank Goldman Sachs, in its second half outlook, presents a compelling case for staying risk-on by citing falling Greek uncertainty and better China as rationale for the same.
Key Quotes
“Following a very risk-friendly 1Q15, the second quarter was characterised by large drawdowns in risky assets and high volatility in equities, rates and credit.”
“With an improving global growth outlook, improved prospects for the approval of the Greek bailout deal, and better China data, we remain pro-risk in our asset allocation.”
“We upgrade our 3-month European equities view to Overweight, in line with our 12-month view. Valuations and fundamentals look more attractive with tail risks fading, at least near-term.”
(Market News Provided by FXstreet)