14-02-2024 12:49 PM | Source: PR Agency
Comment on US CPI inflation numbers by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Below the Comment on US CPI inflation numbers by *Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker
Higher than expected US CPI inflation numbers have added to equity investors’ worries. The possibility of a cut in interest rates in May has gone down and that has pushed up yields and dollar index. Strong dollar index is not conducive for flows into emerging markets equities. However, the sentiment will be data dependent. More data around employment, corporate earnings and other macro-economic factors is expected soon. Reserve Bank of India will also take cues from these numbers while reviewing monetary policy in addition to domestic numbers.
Above views are of the author and not of the website kindly read disclaimer
Latest News
SBFC Finance Soars in Q4FY24, Ending Year on a High
Kiya.ai Strengthens Its Global Footprint in the Phil...
Coming Week's Market Report by Alex Volkov, Market A...
India Strategy : Where Money Flows - Mar 2024 by Yes...
Nifty, Bank Nifty and Stocks to watch out 27.04.2024...
FPI selling in equity markets getting absorbed by do...
India set to sign trade deal with Oman to expand its...
India Yes Bank posts Q4 profit beat on lower provisions
Reduce Dr Reddys? Ltd For Target Rs.1,808 - Yes Secu...
Buy Restaurant Brands Asia Ltd For Target Rs.140 -...