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.
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