An IMF report says total factor productivity in the Chinese economy has seen a dramatic decline after the Global Financial Crisis
Indian shares are likely to start in the red, following losses in Asian equities, after the Japanese 'tankan' manufacturing confidence index came in worse than expected, and even as the Chinese PMI beat forecasts.
"India continues to remain relatively one of the best markets to invest in and has one of the best macros," says Ajay Bagga. He advises investors to invest in themes such as consumption, private sector banks with large retail portfolios, auto, IT, pharma and FMCG, among others
India has been impacted by the overall withdrawals seen in the EM space but the house continues to dribble cash into counters where valuations are good, says Jonathan Schiessl of Ashburton.
Steady financial markets will be critical for the president this week when he visits the United States, where he is likely to be grilled on China's actions to arrest the market slide.
According to Nick Parsons, global market are overreacting to the FOMC minutes and the lower-than-expected Chinese PMI data. He believes markets will go 'nowhere' in the next 10 days and is slightly downward biased in the short-term
Moneycontrol.com got Vinay Khattar, head of research at Edelweiss Wealth to answer the stock queries you sent us on our Facebook page as part of KYI (Know Your Investment). Check out his comments.
Mecklai graph of the day - Gold and silver witnessed a very sharp downfall after Fed Chairman Ben S. Bernanke affirmed that interest rates are likely to stay low at least through late 2014 without offering any indication that further monetary easing is under consideration.
Looks like the Nifty has too many hurdles to pass on the global front. European equities slid nearly 3% pulling US alongside. Asia has opened in the red and commodities have crashed acros the board.
In an interview with CNBC-TV18, Philip Poole, Global Head of Emerging Markets, HSBC gave his perspective on the markets going forward.