Brightbridge Wealth Management Headlines : The economy weakens, US recovery fade.
Nab Edens
2012-07-09
Views 3
MUMBAI: The opening of the week was forecasted to be as Monday mourning because of the 2% drop in the US benchmark with the dashing hopes of a thought earlier recovery in the world’s biggest economy. Moreover, the growth of debt crisis gives them a sign of a slowdown sharp which is said to be restrained.
The close-term focus in Europe has moved from Greece to Spain as a poshrecapitalization of its leading lender known Bankiaisencouragingdoubts that the rescue may highlight the currency zone’s debt crisis.
Barclays, an analyst stresses,””The significant moves in government yields, even if under very illiquid conditions, should however remind everybody that time is running out and that Spain and EU leaders may have to announce a clear shortly re-capitalization strategy.”
Furthermore, the Spanish bond yields gained 20 basis points last week where it is also forecasted to level up this coming week.
A number of investors are also expecting a policy rate cut at home by the Reserve Bank of India in its rate-setting meeting on June 18 in the wake of a lower-than-expected gross domestic product growth of 5.3% in the quarter to March from a year ago. On Friday, 8.36% dropped from the current yield on benchmark government bonds.
Analysts have also said that the government should move over the weekend to take off a just part of the currently heightened petrol prices. Meanwhile, head-equity portfolio management, VarunGoel said that “the market is unlikely to react because the price cut was on expected lines. Besides, subsidy on petrol is much smaller than that on diesel.”
Technical analysts said that benchmark Nifty could drift lower and get support at 4750. “The overall bias is negative.
On the upside, maximum levels of 4950-5000 have seen. A gap-down opening in the index on Monday would be crucial, especially if it breaks the support level. If it does, then it may reach Brightbridge Wealth Management Stock Market Prices,Asset management and Mutual Funds4500 levels,” said Dharmesh Shah, technical analyst at ICICI Securities.
The close-term focus in Europe has moved from Greece to Spain as a poshrecapitalization of its leading lender known Bankiaisencouragingdoubts that the rescue may highlight the currency zone’s debt crisis.
Barclays, an analyst stresses,””The significant moves in government yields, even if under very illiquid conditions, should however remind everybody that time is running out and that Spain and EU leaders may have to announce a clear shortly re-capitalization strategy.”
Furthermore, the Spanish bond yields gained 20 basis points last week where it is also forecasted to level up this coming week.
A number of investors are also expecting a policy rate cut at home by the Reserve Bank of India in its rate-setting meeting on June 18 in the wake of a lower-than-expected gross domestic product growth of 5.3% in the quarter to March from a year ago. On Friday, 8.36% dropped from the current yield on benchmark government bonds.
Analysts have also said that the government should move over the weekend to take off a just part of the currently heightened petrol prices. Meanwhile, head-equity portfolio management, VarunGoel said that “the market is unlikely to react because the price cut was on expected lines. Besides, subsidy on petrol is much smaller than that on diesel.”
Technical analysts said that benchmark Nifty could drift lower and get support at 4750. “The overall bias is negative.
On the upside, maximum levels of 4950-5000 have seen. A gap-down opening in the index on Monday would be crucial, especially if it breaks the support level. If it does, then it may reach Brightbridge Wealth Management Stock Market Prices,Asset management and Mutual Funds4500 levels,” said Dharmesh Shah, technical analyst at ICICI Securities.
Report form
RELATED VIDEOS
