Calyon puts the brakes on recovery
LONDON - The recent rally in Asian currencies and global stock markets could see a significant correction over the next two to four months, according to Sébastian Barbé, head of emerging market research and strategy at Calyon.
"There is a gap between the rally and economic fundamentals," said Barbé. "The market has stabilisation in mind and no-one wants to miss the rally, but the rally has been overdone."
Speaking at a press briefing in London last Tuesday (May 12), Barbé said that although the
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