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Dovish tone of central bks could push global mkts up: StanChart

Market sentiment is a little better now, but there is still a sense of caution in global markets, says David Mann of Standard Chartered.

The European Central Bank’s president, Mario Draghi on Thursday said that the bank might step up its stimulus as early as March on the back of low inflation and volatility in financial markets.

Speaking to CNBC-TV18, Mann says that monetary easing by major central banks will help lift global sentiments. Europe, he says, is more likely to see further easing than the Bank of Japan. The key is the tone of the Federal Reserve, Mann says adding that it will stimulate markets if it is dovish.

In Asia, he expects growth in India and Vietnam. If commodities rebound this year, Indonesia can also be looked at by investors, he adds. The three regions are expected to outperform other Asian markets on gross domestic product (GDP) growth, he says.

Transcript to follow.

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