- Global: Global financial markets remained focused on the prospect of fresh stimulus; Gold touched record highs and the US dollar hit parity with the Australian and Canadian dollar as investors sought currencies of nations with higher-yielding assets; Tech stocks led the rally in Europe and US on the back of good earnings
- India – Equity: Indian equity markets retreated on the back of profit-booking at higher levels and speculation about possible central bank intervention; IIP index growth decelerated to 5.6% led by declines in capital goods activity; Companies in EM countries are likely to borrow in overseas markets to take advantage of the low rates, thereby negating some of the impact of the monetary tightening in their domestic markets
- India – Debt: Indian bond prices surrendered gains as higher than expected inflation data led to renewed concerns of monetary tightening towards the close of week; the rupee strengthened further this week to Rs. 44.10/$
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