Troubled German banking giant Deutsche Bank today asked for patience after reporting its second annual net loss in a row, saying it was laying the foundations for durable success in the future.
Bobby Rakhit of Factset told CNBC-TV18 that he remains hesitant on India right now. He feels that that the capital flows going into the developed bluechip equities might dampen the mood for emerging markets in the near-term. Rakhit indicates that crude would be around the USD 110 per barrel range.
In an interview on CNBC-TV18, Bobby Rakhit, CFA - Vice President, FactSet Ltd talks about how he is reading global markets after all the weakness that is doing the rounds in all major financial institutions.
The spotlight is now on the Federal Reserve's policy-setting committee, the FOMC which meets today. Bobby Rakhit, CFA - Vice President, Factset says that whatever comes out of the meeting today is going to have an impact because it is going to be sentiment and sentiment is driving the markets right now.