Quote on Market: The domestic equity markets remained volatile throughout the week Says Dr. Joseph Thomas, Emkay Wealth Management
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Below View on Market commentary 08 October 2022 By Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
“The domestic equity markets remained volatile throughout the week mainly in response to global developments. The likelihood of further aggressive tightening by the Fed and the other central banks, the continuing depreciation of emerging market currencies, the potential for an economic slowdown in the global economy etc. have been the major factors that have influenced the markets. What has been impacting the markets most is the aggressive stance of the Fed which might expose the US economy to a full-fledged economic slowdown. Such an event may have consequences for the whole world. The geo political tensions which are mainly from Eastern Europe and the decision of OPEC to cut production and supply also challenged the markets. These factors will continue to hold their sway in the coming weeks too.”
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