Rise in the US treasury yields is putting global markets in a tight spot. Come
Wednesday Sep. 17th, the US Federal Reserve Bank is going to decide on the
future course of interest rates and the mortgage backed securities & treasuries
purchase program. The interest rate concerns in the US has caused the Asian
currencies ( particularly the South Korean Won, the Indian INR and the Thailand
Baht ) to suffer the most. Yet again, the US may 'sneeze' causing the global
markets to contract flu.
Locally, the industrial production data announced on Friday is not encouraging
either. Given the rigidity in inflation, the RBI will not turnaround the interest
rate trajectory in the near future.
Going forward, equities may continue to remain under pressure for the coming
week. Therefore, bulls beware.
Wednesday Sep. 17th, the US Federal Reserve Bank is going to decide on the
future course of interest rates and the mortgage backed securities & treasuries
purchase program. The interest rate concerns in the US has caused the Asian
currencies ( particularly the South Korean Won, the Indian INR and the Thailand
Baht ) to suffer the most. Yet again, the US may 'sneeze' causing the global
markets to contract flu.
Locally, the industrial production data announced on Friday is not encouraging
either. Given the rigidity in inflation, the RBI will not turnaround the interest
rate trajectory in the near future.
Going forward, equities may continue to remain under pressure for the coming
week. Therefore, bulls beware.
Brent Oil and Crude Oil February contracts have declined 0.4-0.5 percent each at $ 54.85 and $ 52.70 a barrel, respectively.
ReplyDeleteMCX Crude Oil tips