All eyes are on Europe as the Eurozone Finance Minsters meet in Brussels to discuss Greece‘s dwindling finances. Nick Parsons, head of research of UK & Europe at National Australia Bank, said there is not much expectation about the deal, which is also being reflected in the currency market.
According to Sudhir Chaturvedi COO, NIIT Technologies margins for the company are on an upward trend on back of good order intake, especially from US market business.
Geoffrey Dennis, global emerging market strategist at Citi, tells CNBC-TV18 that they are underweight on India.
As surgeons prepare to amputate a gangrened foot to prevent infection spreading to healthier parts of the body, gamblers on the sidelines lay bets on which limb will be next for the chop.
Equities have not made a decisive move on either side, and Enzio Von Pfeil of Commercial Economics Asia does not see one coming till Greece exits the eurozone.
While the market is priced in for some action from the Fed, Nick Parsons of NAB is of the opinion that there is scope for disappointment from this Wednesday‘s Federal Open Market Committee (FOMC).
European finance officials have discussed limiting the size of withdrawals from ATM machines, imposing border checks and introducing euro zone capital controls as a worst-case scenario should Athens decide to leave the euro.
EUROZONE-CHINA-GREECE:China to make plans for Greek euro exit risk - sources
In an interview to CNBC-TV18, Hans Goetti, chief investment officer of Finaport says Greece exiting the euro zone is now inevitable in the medium-term.
At least half of euro zone governments as well as banks and large companies are making contingency plans in case Greece decides to leave the single currency area, even though the preferred option is still for Athens to keep the euro.