When talking about the major trigger for the market, Nirmal Jain, Chairman, IIFL told CNBC-TV18 that the Cyprus issue is essential as it is an indication of the ultimate fall out of the European crisis.
Cyrpus got a 10 billion euro bailout deal from the EU. However, in return they will have to impose a levy on depositors. Jeff Chowdhry, Head of Emerging Market Equities, F&C Investments told CNBC-TV18 that Cyprus is a very small country, but there is a lot of international money, about a third of deposit in Cyprus is Russian.
Andrew Economos, JPMorgan AMC explains on CNBC-TV18 that the European crisis is still a concern but the situation may turn positive at the end of the first half of the current year 2013. Economos continues to see sideways movements in the Indian market and adds that liquidity will continue to be ample in the global economic system.
The present financial crisis in Europe and other countries is affecting Asian economies not just through trade or slower Asian exports, but through financial channels and can be compared to the Lehman shock of 2008, a senior ADB economist said here today.
Mecklai graph of the Day: 3 month Euribor at record low. European crisis occupied the center stage in recent time. It can be seen in the below graph that Euro zone bank-to-bank lending rates hit new all-time low today.
Jamal Mecklai, CEO, Mecklai Financial Services explains to CNBC-TV18 that the current situation, including the Prime Minister's assurance of addressing the problems in the economy, offered the best opportunity to buy dollars.
Anti-poverty groups complained on Tuesday that Europe's troubles hijacked the G20 development agenda and pushed into the background its work on addressing poverty and food shortages in the world's poorest regions.
Brent crude slipped below USD 97 on Wednesday, ahead of a meeting of producer group OPEC this week, and as uncertainty over Europe's ability to tackle its debt crisis intensified fears of a slowdown in oil demand growth.
USA-FED:Fed officials amplify concerns over Europe
Global growth is slowly improving as recovery in the United States gains traction and dangers from Europe recede, but risks remain elevated and the gains are very fragile, the International Monetary Fund said on Tuesday.
Ryan Detrick, chief technical strategist at Schaeffer's Investment Research spoke to CNBC-TV18 about the latest with the US market.
The global risk has every chance to remain intact, says Gary Baker (BoFA Merril Lynch) given what the ECB, Fed and recently Bank of Japan have done for the economy.
Seth Freeman of EM Capital Management spoke to CNBC-TV18 about how he reads the rally at global markets.
Vivek Chaand Sehgal, vice chairman of Motherson Sumi Group tells CNBC-TV18 that the international business of the company is intact despite crisis in Europe.
Talking about the Indian market mayhem and the bloodbath seen on Wednesday, Walker said that although the global turmoil has been hovering over Dalal Street, no one but New Delhi needs to get the act together.
The rupee weakened further in afternoon trades on Thursday as deepening worries over the impact of Europe's debt crisis heightened global risk aversion.
A recent study by Kotak Securities has raised serious questions about the export boost India seems to be enjoying. That’s the key issue Karan Thapar discusses with his eminent panel on the latest episode of CNBC-TV18’s India Tonight.
David Pezarkar of Daiwa Mutual Fund feels investors are taking on more of a risk-on kind of a trade wherein there were too many of the negatives getting already priced in.
S Narain, chief investment officer of ICICI Prudential tells moneycontrol.com that the gloom in Indian equities is driven only by the negative news flow from Europe. “In fact, barring a few defensives, the Indian market is very attractively priced for investors now,” he says.
Europe's debt crisis has increased the risk exposure of banks in the region by 300 billion euros and they need to recapitalize to ensure they can weather potential losses, the International Monetary Fund said on Wednesday.
Pradeep Khanna, managing director and head of forex trading, HSBC India and Pramit Brahmbhatt, chief executive officer of Alpari India join CNBC-TV18 to analyse and debate the future of the rupee and the currency market going ahead.
Bruno Verstrate, chief executive officer of Nautilus Investments joins CNBC-TV18 to access the market reaction to Obama’s package.
Asian stocks edged up on Friday, as investors chased value picks after recent sharp volatility, though concerns over the European crisis may continue to fuel buying into safe havens like gold and government bonds.
In an interview on CNBC-TV18, Robert Parker, Senior Advisor at Credit Suisse said the US budget deficit is the biggest risk factor at the moment, hand in hand with the European crisis.
In an interview on CNBC-TV18, Anil Manghnani of Modern Shares & Stock Brokers tells investors that the reversal at 5,700 that the Nifty has witnessed should see a retest. "I believe that at least another test of that 5,650-5,700 is on the cards and then maybe a correction," says Manghnani.