Will Investors Start Chasing Growth?
Amid the market selloff this week, CNBC Asia’s Bernie Lo welcomes Frank Holmes on Squawk Box to discuss the moves. Frank says right now we are seeing a kind of contagion take place in Europe that is resonating throughout the rest of the world. Purchasing managers’ index (PMI) data and industrial production numbers are slowing down, and Frank specifically notes the moves taking place in France and Germany.
Despite the contagion, Frank sees positive signs. He says America is holding up the rest of the world right now with cheap fuel and its capacity to build out the chemical and refining industries. With so many problems out of Europe though, Bernie asks Frank if he sees a fundamental shift coming. Will investors start chasing growth and buying into the east Asia- emerging markets story again?
Watch the entire interview to find out what Frank thinks.
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