Morning Market Quote : Globally stock markets will be in a wait and watch mode as Trump 2.0 unfolds today Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Morning Market Views from Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"Globally stock markets will be in a wait and watch mode as Trump 2.0 unfolds today. Many executive actions, particularly on immigration, are expected from the President starting from day one. Markets will wait and watch for the nature of the decisions and their likely impact. Trump had announced that he had a ‘very good’ telephone call with the Chinese President Xi Jinping and that the outcome is positive. This indicates that initially Trump would go slow on tariffs and would prefer to negotiate.
The latest IMF report on Global Economic Outlook projects ‘solid’ growth of 6.5% for 2025 and 2026 for India despite the recent deceleration in growth. This is positive. There is a flurry of Q3 results this week and the market will respond to the results depending on, apart from the numbers, the outlook and management commentary."
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