Here is expert equity call for the day on how the markets are expected to trade:
Jonathan Garner, Morgan Stanley Asia: MSCI Emerging Market has traded above our 2010-end base case target price. We have reduced our equities Overweight to 4% from 6% and raised our cash weight. This removes the increase in equities weight we made at the end of May. We recommend focusing on quality and dividends as themes and in our focus lists reduced beta in Asia-Pacific ex-Japan.
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