Chinese growth may be even lower than 7.5 % expected. With the second largest economy indicating a slower than anticipated growth, demand for oil is expected to be even lower.
Russian scrips are already under pressure and this will be accelerated by the credit rating agencies downgrading it. The Russians have reportedly used $ 13 billion to defend the ruble; it is difficult to protect a currency when its fundamentals and sentiments are down. Weak Russia might also hurt Germany as it is a business destination.
The reforms surge in India may not keep the momentum in Mumbai stock exchange for long. For a day in out trader, the best tactic may be to wait for the initial euphoria to peak in the first half of the day and sell at perceived high levels, to buy at lower levels later. There is nothing much in the international markets to buy right now except greenback and precious metals.
With Diwali in India and the brewing storm in the markets, investors best bet is the US dollar and Gold. Both are time tested weapons and needs no brain haggling!!!
Russian scrips are already under pressure and this will be accelerated by the credit rating agencies downgrading it. The Russians have reportedly used $ 13 billion to defend the ruble; it is difficult to protect a currency when its fundamentals and sentiments are down. Weak Russia might also hurt Germany as it is a business destination.
The reforms surge in India may not keep the momentum in Mumbai stock exchange for long. For a day in out trader, the best tactic may be to wait for the initial euphoria to peak in the first half of the day and sell at perceived high levels, to buy at lower levels later. There is nothing much in the international markets to buy right now except greenback and precious metals.
With Diwali in India and the brewing storm in the markets, investors best bet is the US dollar and Gold. Both are time tested weapons and needs no brain haggling!!!
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