St. Louis Fed President J Bullard told Fox Business Network that there was a better than 50 percent chance that the U.S. central bank will raise interest rates in September.That had the dollar strengthen. That had the market hasten up expectations of a rate hike. That also keeps the anticipations of a British hike ticking.
If the dollar strengthens against the yen, then Nikkei should fall. So also other Asian stock markets in tandem. Buying oil becomes a shade costlier for all. For the GCC countries selling oil became a little more difficult as it has become expensive, given that oil is invoiced in dollars.
With the calm banks in Greece, the euro must be looking for a breather and a climb. If the euro climbs, the exports from Europe may hold back a stock market runaway.
Chinese authorities continue their macho state vigil and intervention in markets. The more you liberalize, the more you control.
Indian politicians , as usual, are determined to talk loose and work less. So reforms are stalled and FIIs may well do to exit. Its banks NPA remains a cause for worry.
This blog offers no investment advice. Views expressed are without any risk or responsibility
If the dollar strengthens against the yen, then Nikkei should fall. So also other Asian stock markets in tandem. Buying oil becomes a shade costlier for all. For the GCC countries selling oil became a little more difficult as it has become expensive, given that oil is invoiced in dollars.
With the calm banks in Greece, the euro must be looking for a breather and a climb. If the euro climbs, the exports from Europe may hold back a stock market runaway.
Chinese authorities continue their macho state vigil and intervention in markets. The more you liberalize, the more you control.
Indian politicians , as usual, are determined to talk loose and work less. So reforms are stalled and FIIs may well do to exit. Its banks NPA remains a cause for worry.
This blog offers no investment advice. Views expressed are without any risk or responsibility
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