Below Perspective On Markets By Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“The equity market closed marginally higher after a week of relatively lower level of volatility. The hike in rates from Fed and the ECB and the Fed’s assertion that the hard money policy would continue into the next year as well triggered discussions on the likely decline in the rate of growth which could spell trouble for the current calculations on business growth and earnings. While the markets reflect a certain sense of stability, overseas developments may still continue to dominate the scene in the weeks ahead. Certainty on the trajectory of rates and greater stability in exchange rates are required to get the overseas investors back into the markets”.
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