Market Quote : Robust US economic data points such as better-than-expected Q3 GDP Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 23 December 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"Globally markets were loosing their grip post the Fed announcement which hinted on further rate hike in upcoming meeting. Robust US economic data points such as better-than-expected Q3 GDP, higher consumer confidence along with a healthier jobless claims fuelled the worries flaming the volatility. Additionally, the spike in COVID cases across China dampened the appetite for risk as it instilled fears of another global COVID outbreak"
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