Domestic issues may stall any relief rally in India: EM Cap

At the European Union (EU) summit, 26 of the 27 nations agreed to sign an intergovernmental treaty that would require them to enforce stricter fiscal and financial discipline in their future budgets. Britain refused to accept the changes made to the EU treaty.

According to Seth R Freeman, emerging and frontier markets specialists at EM Capital Management, LLC this announcement has already boosted consumer confidence but one needs to see how urgently this treaty is acted upon. "If they are talking about not actually officially signing it until March, what are they planning to do in the mean time? That is going to be something we will all be focusing on as we go through the holidays," he added. Meanwhile, Freeman is bullish on India