CCTV Script 12/03/13

This is the script of CNBC's news report for China's CCTV on March 12, Tuesday.

Welcome to CNBC business daily.

Despite the wrangling in Washington over spending cuts and tax hikes, Wall Street has been on a rally.

The Fed's QE programme and signs of an improving economy have been lending confidence to the markets.

So far this year, the Dow is up 10%, while the S&P 500 has gained 9%. The tech-heavy Nasdaq has rallied by more than 7%.

Analysts say that the recent pullbacks, although short lived, have been used as a buying opportunity.

[Sound on tape by Matthew Rubin, Director of Investment, Neuberger Berman: I think there's a lot more money to put to work, and I think as you see pullbacks in the market, you see individuals and institutions ready to buy on those pull backs.]

Investors seem to shrugging off suggestions of an impending pull back. Wall Street's "fear gauge", the VIX, fell to its lowest level since April 2007 on Monday. So is the VIX broken?

[Sound on tape by Matthew Rubin, Director of Investment, Neuberger Berman: I think the VIX. is subdued at this point in time. At some point, clearly, we will see a pick-up in volatility. Volatility is not a thing of the past, it's not gone away - it's just trading at subdued levels today.]

So can the bull run continue?

[Sound on tape by Jim Awad, Chairman, Plimsoll Mark Capital: People are underinvested, and by most measures, stocks remain fairly valued, so in the short term, momentum continues up.]

[Sound on tape by Vasu Menon, Vice President, Wealth Management Singapore, OCBC Bank: There are enough worries out there to the markets but I don't think enough worries to cause markets to fall 15-20% as we saw back in 2012-11.]

[Sound on tape by Paul Krake, Founder, View From the Peak: Macro Strategies: The sequester's the best thing to have happened to the equity markets because it guarantees that QE lasts longer]

So with the flow of easy money unlikely to stop anytime soon. Where exactly should you be parking your hard earned cash?

Here are some thoughts from our analysts.

[Sound on tape by Matthew Rubin, Director Of Investment Strategy, Neuberger Berman: We continue to like large cap U.S. equities. We think there's a tremendous amount of value in the asset class given the health of corporations, and that we are going to continue to see the growth of the economy in the U.S.]

[Sound on tape by Jim Awad, Chairman, Plimsoll Mark Capital: My hedge strategy in this environment is to stay in, but to dial down risks, to sell lower quality equities, move into multinationals with dividends and balance sheets, to sell junk credit, move to investment grade credit]

Li Sixuan, from CNBC's Asia headquarters.