In his latest global investment strategy report, John Praveen raises stocks to modest overweight as stocks are likely to post modest gains following fresh central bank rate cuts and reflation measures, and a decrease in the tail-risk of a disorderly Greek Euro exit. However, stock market gains are likely to be limited until global growth fears ease and/or Eurozone policy makers come up with a game changer to resolve the three year old debt crisis. Hence, we raise stocks to only a modest overweight.
