Market Tips: Rally Has Longevity
Global stocks were in the green Monday after details of a U.S. plan to rid banks 0f up to $1 trillion in toxic assets bolstered confidence in risk taking. Experts tell CNBC the current rally still has a way to go.
Current Rally Still Has Legs
The current rally seen in the Asian markets has got some legs, and could see another 15% rise, predicts Mark Matthews, Asia Pacific strategist at Fox-Pitt Kelton. But he warns CNBC that this is just another bear-market rally.
Market Bounce Could Last Longer
"On a very short-term basis, (European) markets look reasonably overbought," Mark Page from LV=Asset Management said. "But on a longer-term basis, weekly or monthly, the oscillators look like they are still pretty oversold."
"We are quite confident this bounce, even though we could have a short-term setback or consolidation phase, could run some way further," he added.
Sell into Any Strength
"Sell into any strength," Nick Batsford from Hobart Capital said about the FTSE-100 index and the S&P-500 index Monday.
Top Three Asian Markets to Invest
In The top three markets that Mark Matthews, Asia Pacific strategist at Fox-Pitt Kelton, likes are Singapore, China and Indonesia. He explains his bullish outlook.
Standouts Among Asian Financials
Some Asian financials look attractive as this space is being oversold because of sentiment to the sector globally, believes Michael Kerley, fund manager at Henderson Global Investors. He tells CNBC which countries' financials stand out.
Sifting the Good from the Bad
There are some good takeover opportunities emerging in the resource sector, notes Madhu Koneru, MD at RAK Minerals & Metals Investments. He tells CNBC how he is sifting the good buys from the bad.
The Tricky Trade of Rio
Resources should be in favor this week, with the exception of Rio Tinto, says Peter Morgan, private client advisor at Tolhurst. He tells CNBC that the Australian miner is a tricky trade.
FTSE Rejig to Signal Rebound?
The Foreign and Colonial Investment Trust is returning to the FTSE-100, which could signal the rebound for the UK index, according to the company's manager Jeremy Tigue.