The euro zone now seems to be slowly coming out of stagnation with Greece showing signs of recovery and now France and Germany have recorded an increase in their as the French GDP rose from -0.20% in the first quarter of 2013 to 0.50% in the second quarter and German rose from 0% in the first Quarter to 0.70% in the second in 2013, says Mecklai.
In an interview to CNBC-TV18, Patrick Legland, global head of research at Societe Generale said that the global market is in a consolidation phase, though the appetite for risk still persists.
The Indian government has taken a lot of bold measures over the last many days. In an interview to CNBC-TV18, Adrian Foster, Rabobank says the market is now focusing on implementation risk. "These reforms have indeed caught some investor attention," he adds.
Nirmal Bang has come out with its report on currency quarterly outlook. According to the research firm, the rise in inflationary expectations on onset of QEIII is likely to push the US benchmark note yields higher which is likely to favor dollar against the Japanese Yen.
Sarah Hewin, chief economist â€“Europe, Standard Chartered, explains to CNBC-TV18 that ECB chief Draghi is attempting to build consensus before the central bank‘s meeting on September 6. Hewin adds that even if the expected rate-cut of 25 bps is not announced, Draghi will reveal other policy measures.
Pimco's CEO Mohamed El-Erian told CNBC-TV18 that European policymakers are not ready to commit to unlimited bailouts for debt-distressed countries especially the capping of bond yields.
Geoff Lewis, ED, JP Morgan Asset Management feels that economies in countries like US, China and Brazil are stabilizing and growth is picking up there.
The risk of a new depression - a sustained, severe recession - has struck fear into the heart of markets and driven monetary policy in developed economies since the current financial crisis began.
In an interview to CNBC-TV18, Robert Parker, vice chairman, Credit Suisse says that while he sees a high probability of LTRO 3 within the next two to three months, he says the ESM, or the ECB intervention could have a significant impact on European markets.
Nirmal Bang has come out with quarterly currency outlook. According to the research firm, with the stabilization in peripheral yields coupled with improvement witnessed in euro zone benchmark yield, yield equation is likely to remain supportive for euro.
A rally in Asian shares fizzled out on Thursday as markets marked time before the European Central Bank's policy decision later in the day, with the euro staying pressured by widespread expectations of a rate cut to support fragile euro zone growth.
UR Bhat MD of Dalton Capital Advisors believes policy reforms will be the key driver for the market going forward.
Going into the EU summit, expectations were low and Robert Parker, Vice Chairman of Credit Suisse Asset Management expects clarifications on the bail out coming through. In an interview with CNBC-TV18, Parker said that till now, market participation has been very encouraging.
Rashesh Shah, chairman and CEO, Edelweiss Group says we are still another 18-24 months away from a bull market the likes of seen in 2007-2008.
Chief economic advisor Kaushik Basu has warned that if the Eurozone breaks up finally, it will be more disastrous than the 2008 global financial crisis triggered by the fall of the Wall Street banks, from which the global economy is yet to recover.
Moody's Investors Service said on Friday that a Greek exit from the euro could pose a threat to the currency's existence.
Tim Condon of ING Financial Markets gives his take on how global markets will react ahead of the European Central Bank's policy meeting later today and Federal Reserve chairman Ben Bernanke's testimony before Congress on Thursday.
Investors are looking ahead to key global cues this week that could help ease the euro zones debt crisis and help global markets rally a bit as they search for the right catalyst. But which key event or events can push markets higher again?
Bruno Verstrate, CEO, Lakefield Partners explains to CNBC-TV18 that the main event to watch out during the week is the meeting of the ECB which will indicate the ECB‘s opinion on quantitative easing or the next LTRO.
When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even decades to realise, if it ever came to be.
Bruno Verstrate, CEO of Lakefield Partners, tells CNBC-TV18 that the European Central Bank could enter the market before the Greek elections so as to curb volatility.
Nick Parsons of National Australia Bank sees Greece exiting the European Union within the next 12 months, bringing the possibility of a EU break up back on the table.
Saurabh Mukherjea, head of equities, Ambit Capital believes that the fate of Indian markets will be decided by three factors going ahead.
With borrowing costs rising for Spain, and S&P last week downgrading the euro zone's fourth-biggest economy by two notches, pressure is growing on Madrid.
Mecklai graph of the day - FIIs flow have been robust in the first two month, pouring nearly $5.3 billion and $7.3 billion in January and February respectively.