Don’t put off for tomorrow what you rajwade forex factory do today, because if you enjoy it today, you can do it again tomorrow. Equities across the globe have risen smartly of late. The Nifty is on the verge of crossing 5300. The start is set to be positive for our market too.
Asian markets are holding firm despite a mixed session on Wall Street, with investors hoping for fresh monetary easing from the Federal Reserve. European stocks pared gains on disappointing US manufacturing data. ISM manufacturing PMI shrank for the first time in three years. Measures announced by the European leaders at the recently concluded EU summit have managed to temper some of the concerns surrounding the eurozone debt crisis. However, the latest statistics show that economic growth remains under threat across the world. Unemployment is pretty elevated in the developed world. Recession-like conditions in the Developed Markets is hurting the Emerging Markets.
Policymakers are running out of options to shore up growth due to lack of elbow room on the fiscal front. Even the central banks look to have exhausted most of their ammo. IIP, inflation, RBI policy meeting, earnings, Rupee and monsoon will drive the sentiment for the Indian markets this month. Trend in FII flows: The FIIs were net buyers of Rs 5. 47bn, as per the provisional figures released by the NSE. The FIIs were net buyers of Rs 1. O segment on Monday, according to the provisional NSE data.
Asian stock markets are trading mostly higher as weak manufacturing data out of the US has raised expectations of further monetary easing by the Federal Reserve. Investors are also looking forward to the policy meeting of the ECB and Bank of England later this week. The MSCI Asia Pacific Index rose 0. Almost four stocks rose for each that fell.
The Asian index last week posted its biggest weekly gain since January. Financial companies accounted for the largest gains on the Asian regional benchmark. The Hang Seng in Hong Kong was up 1. Kospi in South Korea was up 0. June on the back of improvement in the property market and new orders, an official survey showed today. 2 in May, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing today.