Fed likely to embark on another round of QE: Citi

Here is expert equity call for the day on how the markets are expected to trade:

Markus Rosgen, Citi: The Fed is likely to embark on another round of quantitative easing to help ensure the economic recovery and create jobs. A consequence of this extraordinary policy is a weaker dollar. The Dollar Index is now close to 40-year lows. Further dollar weakness should be positive for Emerging Market equities. We have upgraded China to Overweight and India to Neutral.

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