Market Tips: Farming Is Better than Flying


Market Tips: Farming Is Better than Flying

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Global stocks were mixed on Wednesday as investors fretted over China's monetary tightening and disappointing corporate earnings results. Experts told CNBC that agricultural commodities look


attractive, while airline stocks should be avoided.


Wayne Gorden, senior analyst at Rabobank says the outlook for agricultural commodities remains bullish long-term.


Todd Kerslake, investment advisor at RBS Morgans says he is happy to remain invested in Qantas but he would avoid the airline sector for now as there are other areas to invest in.


Chris Stott, equity analyst at Wilson Asset Management says the bar is set pretty high for fourth-quarter numbers and share prices will be driven by earnings growth.


Colin Whitehead, analyst at Fat Prophet says market sentiment is led by U.S. earnings, in particular numbers out of major banks.


Mainland banks will come under selling pressure in Hong Kong on Wednesday, but not HSBC and Standard Chartered, predicts Alex Wong, director of asset management at Ample Capital.


David Mann, FX strategist global markets at Standard Chartered Bank, expects to see some dollar support come through by the end of the first quarter.


China's policy tightening is good news for the Australian economy and its currency going forward, says Ed Ponsi, president at FXEducator.com. He suggests buying the Australian dollar at 81


yen.


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