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Last Updated : Sep 26, 2016 09:25 PM IST | Source: CNBC-TV18

Rising CPI in Euro, US will undermine bond market: Nick Parsons

The global weakness is mainly due to the pressure in the German banking sector which led to a decline in Dax by 2 percent, Nick Parsons, National Australia Bank says. Also the upcoming US presidential debate and the OPEC meet have also caused jitters among investors.

Deflation is a thing of the past, says Nick Parsons, Head of Research, UK and Europe, National Australia Bank. The outlook from here is further increase in consumer price index (CPI) primarily in Europe and the US.

This is going to undermine the bond market. Its rally does not have very far to go, says Parsons.

The weakness in global markets is mainly due to the pressure in the German banking sector which led to a decline in the DAX Index by 2 percent, he says. Also, the upcoming US presidential debate and the OPEC meet have caused jitters among investors.

Watch video for more.



First Published on Sep 26, 2016 09:25 pm
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