Europe's debt crisis could again eclipse most other market factors Tuesday as traders count down to the European leaders summit later in the week.
Impending European Leaders Summit is making investors cautious. Vikas Khemani of Edelweiss Securities says, the market environment is very fragile. “There is no conviction in terms of fundamentals.”
The possible negative outcome of tomorrows European Leaders Summit has left global markets jittery. In an interview with CNBC-TV18, Jason Hughes of IG Markets says EU leaders have the potential to deliver this around.
Punita Kumar Sinha, the Senior Managing Director of Blackstone Asia Advisors tells CNBC-TV18 that markets are looking for short-term steps to ease Europe's pain for now.
In an interview to CNBC-TV18, Global Analyst at Auerbach Grayson, Richard Ross describes how markets could possibly react on the news if the ECB cuts interest rates today. He also discusses the big market event – the December 9 European Leaders Summit.
Snapping a two-day gaining streak, the rupee today fell by 21 paise to 51.41/42 against the US dollar on hefty demand for the US currency from importers amid weakness in local stocks.
On Friday, the US markets closed out a volatile week mixed, registering modest gains as part of what is shaping up to be the market's best month ever.