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Last Updated : Dec 11, 2015 11:03 PM IST | Source: CNBC-TV18

See mkts rally post US fed rate hike: Heritage Cap

Paul Schatz, president, Heritage Capital LLC, says the market fall is on account of crude oil collapse. "The recent selling has been relentless, this is certain the final capitulation," he told CNBC-TV18


Global markets are in a tailspin. Wall Street is getting walloped — all the major indices are trading with deep cuts of over a percent. Next week will be crucial for markets as the US Federal Reserve is scheduled to announce its much-awaited policy decision. Markets are bracing up for rate hikes.


European markets have ended with sharp cuts. Stocks have started to tumble in tandem with the US. Equities and crude oil prices also had a role to play.


The dollar index is relatively steady as we speak. But the US treasuries are on the climb. The 10-year yield is down nearly 3 percent.

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Crude oil has hit its lowest level in six years. Prices are down by over 2 percent. Brent is below USD 39 and Nymex has slipped below USD 36.


Paul Schatz, president, Heritage Capital LLC, says the market fall is on account of crude oil collapse. "The recent selling has been relentless, this is certain the final capitulation," he told CNBC-TV18.

He believes the markets will rally when the US Fed raises rates by 25 bps next Wednesday. He does not see any added selling pressure in emerging markets (EMs) either.

First Published on Dec 11, 2015 10:20 pm
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