FRANKFURT Deutsche Bank (DBKGn.DE) co-chief executive Anshu Jain said he sees less turbulent times ahead for the banking industry, thanks to a more stable euro zone.
"We see positive signals in the business outlook. The U.S. fiscal cliff is still a source of potential uncertainty, but other indicators in the U.S. economy are still positive," Jain told journalists gathered in Frankfurt at the bank's annual press conference.
"Structural debt levels in mature economies are still high, and Asia will continue to contribute to the bulk of the world's growth; but overall we foresee less turbulent conditions in 2013 than in the past two years."
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column