Market Quote : Global markets joined the trend as Eurozone inflation persisted at 5.3% as per preliminary estimates Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 31 August 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"A slew of weak economic indicators from the US, including a softened GDP figure, have heightened the likelihood of a pause in the Fed’s rate tightening, resulting in a downward trajectory of bond yields. However, this development had a limited impact on domestic sentiment on the day of expiry, with the market experiencing declines ahead of the release of India's GDP data, scheduled for today. Global markets joined the trend as Eurozone inflation persisted at 5.3% as per preliminary estimates, surpassing the market's anticipation of 5.1% along with negative cues from Asian economies."
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