Market Quote : Markets across the globe were trading with considerable volatility ahead Says Mr. Vinod Nair, Geojit Financial
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Quote on Market 16 September 2022 By Vinod Nair, Head of Research at Geojit Financial Services.
"Markets across the globe were trading with considerable volatility ahead of the Fed policy announcement. A 75bps hike by FED was factored in by the markets, while reports of mobilising Russian forces in Ukraine has escalated geopolitical tension and fears of rising inflation. Any military escalation will have a significant effect on the world & domestic economy. This will have an influence on the near-term trend of the global market and implications on local market can be high as it is trading at premium prices compared to the world"
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