Last week, the US Federal Reserve stayed on its course on lowering its assets
purchase program, dropping it by USD 10 billion to bring it down to USD 55
billion a month. It also released interest rate forecasts that predicted rates would
go up by 1% by end 2015 and 2.25% by end 2016. Janet Yellen stated that rates
would start rising six months after the asset purchase program got over and that
should be over by end 2014. Markets quickly discounted the development.
Dollar Index rose, gold prices fell and yields in the US rose.
Another development has been the stand off between Russia and the West over
Crimea. Market analysts believe that any escalation of the crises will hurt
emerging markets.
Regardless of all these headwinds, Nifty is inching upwards on course to achieving
historic peaks by the time the elections got over.
purchase program, dropping it by USD 10 billion to bring it down to USD 55
billion a month. It also released interest rate forecasts that predicted rates would
go up by 1% by end 2015 and 2.25% by end 2016. Janet Yellen stated that rates
would start rising six months after the asset purchase program got over and that
should be over by end 2014. Markets quickly discounted the development.
Dollar Index rose, gold prices fell and yields in the US rose.
Another development has been the stand off between Russia and the West over
Crimea. Market analysts believe that any escalation of the crises will hurt
emerging markets.
Regardless of all these headwinds, Nifty is inching upwards on course to achieving
historic peaks by the time the elections got over.
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ReplyDelete• Crude Oil and Natural Gas February series are up 0.2 percent each at $ 52.48 a barrel and $ 3.487, respectively.
ReplyDelete• Brent Oil March expiry is quoted at $ 56 - down 0.3 percent.
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