Anil Singhvi says US-China standoff to keep stock markets volatile over next four months
Zee Business Managing Editor Anil Singhvi has said that global markets, including Indian indices will remain volatile in next four months due to the US-China standoff.
Zee Business Managing Editor Anil Singhvi has said that global markets, including Indian indices will remain volatile in next four months due to the US-China standoff. Singhvi said that due to the Coronavirus outbreak from China and the way US President Donald Trump has been attacking China for this crisis, its impact is going to take a toll on the global indices. However, he expects things to calm down after this. Reason being that Donald Trump is probably hitting out at China to gain local sympathy in the upcoming US Presidential Polls at the end of this year.
Anil Singhvi said, "That US President Donald Trump would attack China for Coronavirus outbreak was expected as the US Presidential Polls is going to happen at the end of this year. I was expecting it to start by June or July but Donald Trump has started attacking China much before that and this has triggered US-China standoff." Singhvi said that neither US nor China is going to leave one another so casually and hence he is expecting the global markets to remain volatile for the next four months.
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On Indian markets Anil Singhvi said, "If we talk about the risk factor involved in the domestic Indian markets, there is nothing left to hit the Dalal Street due to the internal triggers as stimulus package and liquidity crisis has already been solved by the Government of India (GoI). So, if there is any risk involved in the Indian stock market right now, then it stems from global cues, especially the US-China standoff."
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Singhvi said that this standoff has more political reasons than any health or economic ones. Once, the US Presidential Polls are over, we can expect this standoff to calm down soon, said Singhvi.
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