Martin Lakos is keeping watch down south. The division director at Macquarie Financial Services is overweight on Australian equities and upbeat about the country's materials and resouces stocks, betting that these counters will benefit from growing sales of commodities.
"We are seeing significant inventory rebuilding, including China as it picks up more iron ore, coking coal and copper, and that's going to continue for the next six to 12 months," Lakos said on CNBC Asia's "Protect Your Wealth".
BHP Billiton on Wednesday reported its first profit fall in seven years but its second-half earnings beat analysts forecast. The world's top miner said that demand in China and India had returned earlier than expected largely driven by restocking of depleted inventories. Demand is also showing signs of improving in advanced economies like North America, Europe and Japan.