European markets opened lower as investors reflected on a spate of central bank decisions and the prospect of higher-for-longer interest rates.
The Wall Street bank said Indian bank stocks have underperformed over the past three to six months despite a positive outlook for lending growth in the sector.
It named three lenders, that are expected to outperform the sector over the next 12 months, as"Top Buys".CNBC Pro: This chip stock has a ‘50% margin’ which competitors could ‘struggle to catch up with’, analyst says Portfolio manager Kamil Dimmich of North of South Capital says the word on the ground is that stocks in technology firmShares in Nvidia tripled this year as the company's market valued topped $1 trillion over the optimism surrounding its artificial intelligence-powered applications.
Dimmich, who manages the $1.5 billion Pacific North of South Emerging Market All Cap Equity fund, says he is"always looking for great companies with strong cashflows that are not correctly reflected in the market." His focus is identifying undervalued stocks in emerging markets.
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