Market Quote : The ECB hinted at a potential pause in rates due to receding inflation Says Vinod Nair, Geojit Financial Services
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Below is the daily Market quote 15 September 2022 By Vinod Nair, Head of Research at Geojit Financial Services
"The market is inching towards a new direction with renewed buying in auto and IT stocks in expectation of strong festive demand and a strong deal wins. Better-than-expected economic data from China and stimulus hopes further added optimism in global markets. The ECB hinted at a potential pause in rates due to receding inflation, while investors are now focused on central bank meetings next week, with the U.S. FED, BoE, and BoJ set to announce their rate decisions."
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