Not all is negative for gold, though it‘s also difficult to affirm that it will boom immediately from here on.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday raised USD 650 million (around Rs 4,100 crore) via its debut dollar bond issue and the proceeds will be used to refinance foreign currency denominated debts and fund capital expenditure.
Government on Wednesday said it was closely monitoring the Greek crisis and prepared to face any situation in view of its 'comfortable' foreign exchange reserves.
Speaking to CNBC-TV18, Vikas Khemani, CEO at Edelweiss Securities says Indian economy will be insignificantly impacted by the Greek crisis as Indian market is well supported.
What effect would the Greek crisis have on India? Chief Economic Advisor, Arvind Subramaniam feels that the situation in Greece is definitely not going to impact India too adversely.
Nick Parsons of National Australian Bank is confident of the Greek creditors being able to get a new proposal to the table and hence, expects the euro's fall to be arrested soon.
The Greek crisis is not just about one country, it is about the entire European Monetary Union (EMU), says Manish Singh of Crossbridge Capital. He says both Greece and Germany want to preserve the euro and EMU because they are the biggest beneficiaries.
US equities rallied and the dollar weakened as the FOMC stayed on hold and adjusted downward its forecast of future policy rates, said Michael Gavin of Barclays.
Post the Fed rate hike, Vivek Misra of Societe Generale expects outflow from the bond market to be higher than equity market.
Greece's bailout program, the reform agenda and progress on reforms would be discussed by the leaders, according to the spokesperson.
The massive financial rescue of Greece, with the country still struggling to meet its lenders' conditions, is placing strains on relations between the IMF and its European partners in the bailouts.
In India, after the terrible IIP data we got, opinion is veering around to a possible RBI rate cut, which was not there 15 days ago. Portfolio Manager PN Vijay sees all of this as enough ammunition to be optimistic, the fact that there could be a crisis but the world is well positioned to manage that crisis.
In an interview to CNBC-TV18, Tim Ghriskey, CIO, Solaris Asset Management says June is a big month for news coming out of Europe and Greece in particular.
Trevor Williams - chief economist, Lloyds Bank believes that this is the final act in the Greek tragedy that is playing out in the eurozone and he is a 100% sure that an exit is on the cards sooner rather than later.
Promising to abandon any austerity plans, Greece's possible coalition government appears all set to pull the country out of the eurozone. Seth R Freeman, CEO, EM Capital Management LLC says the situation is spiraling out of control rapidly.
In his analysis of the European and global markets on CNBC-TV18, Jeff Chowdhry, head-emerging equities, F&C Investments, warns that the rumble in the Spanish economy will not go away quickly.
Politics is the key thing in Greece says Sarah Hewin, senior economist at Standard Chartered Bank. According to her, there is potential for Euro to drop below 1.30 over the course of the next few months
Christopher Palmer of Henderson Global Investors tells CNBC-TV18, the US Fed is more interested in the shape of the yield curve rather than injecting money into the system.
Siddharth Zarabi of CNBC-TV18 catches up with R Gopalan, secretary of the Department of Economic Affairs to understand how the G20 summit went and what exactly India’s key contributions were.
As the world struggles to get a grip on the situation, a panel including James Lamont, the South Asia bureau chief of The Financial Times; Paul Beckett, the South Asia bureau chief of The Wall Street Journal and Meghnad Desai, the emeritus professor of Economics Lord discuss the implications of all these issues.
"Morning though was not good, apprehensions of very weak European opening post the Greek news overnight led to the Nifty going down to test that 5,200 level yet again but it managed to find support and by the fag end of the session clawed back to close absolutely flat," Udayan Mukherjee said.
True that Papandreou's vote of confidence has hijacked the purpose of G-20. But thats not just it. France is pushing forward reforms that could affect China and global markets consequentially, Shereen Bhan reports from Cannes.
Greek Prime Minister George Papandreou cancelled a planned visit to the United States on Saturday to deal with a deepening crisis at home, days before European Union and IMF inspectors decide on further funding for the debt-ridden country.
On the back of S&P’s US downgrade, Indian market opened below 2.5% today, and has stayed in that range. According to Naval Bir Kumar, managing director and chief financial officer of IDFC Asset Management, sustainable markets like India with strong domestic growth and not such large linkages to the external economy might do well.
Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe.