Global investors hunkered down in the bunkers of world markets have made their first tentative moves to re-emerge blinking into the sunlight even the coast is still far from clear.
With the threat of European debt contagion wafting through the air, investors are heading for cover, taking their most conservative positions since the depths of the financial crisis.
Angel Commodities has come out with its report on bullion. According to the research firm, precious metals are expected to trade on a positive note on the back of ease in risk aversion in the global markets coupled with expectations of stimulus from global policymakers to ease European debt concerns.
Gold held near a 2-week high on Monday on prospects of more safe haven buying, with the dollar under pressure from weaker-than-expected US economic data and speculation the Federal Reserve could ease policy further to boost growth.
Global stocks are entering a potentially negative period, according to one index with a solid track record that is indicating there is more than European debt weighing on investors' minds.
France drew solid demand at its first debt auction of 2012 with yields rising only slightly despite fears for its AAA rating, but that was not enough to prevent most European debt markets weakening as investors fretted about the euro zone's periphery.
It has been a disappointing last few sessions for the market. Today might see a psychological pullback as well, says CNBC-TV18's Managing Editor Udayan Mukherjee.
MF Global's attempts to juice returns with leveraged bets on European debt were an understandable response to years of profit-sapping ultra-low interest rates, rival brokers say.
CNBC-TV18's Latha Venkatesh speaks to Anil Prasad of Citibank London and Alexander Wyneandts of AEGON NV and asks them if the euphoria in Europe is justified.
The Indian rupee is likely to be volatile for a while, spelling bad news for companies that have not hedged currency risk.
Senior portfolio manager Punita Kumar Sinha of Blackstone Group believes Indian market is in a better position compared to the developed markets.
Oil prices fell on Friday, with US crude slumping to a four-month low under USD 93 as a dimmer economic outlook and the European debt crisis drove crude to its biggest weekly loss since early May.
An Irish government minister said on Sunday he would like to see bonds issued to Ireland under an EU-IMF bailout rescheduled.
As far as the US market is concerned, it is still in the process of making gradual recovery. In an interview to CNBC-TV18, Laurence Fink, chairman and CEO of BlackRock said that the US equity market is still one of the most underinvested classes of assets.
Paul Schulte of CCBI says the recent news that the Bank of Japan will aid in the economic redevelopment by pumping in USD 200 billion, will show that the fiscal, monetary and tax implications here are enormous and will tremendously stimulate the Japanese economy.
US stocks ended solidly higher on Wednesday after European debt fears eased and sparked a broad advance, led by banks and commodity-related shares.