Mark Matthews of Julius Baer believes that there is only a 30% chance that the US Federal Reserve will announce something dramatic in its upcoming meet.
With the fretful Friday on the doors, and as Ben Bernanke is all set to speak on the Jackson Hole meet tonight, the Nifty today will stay in the range of 4,800-4,850 levels, says CNBC-TV18’s Udayan Mukherjee and that Nifty will not pull back on its own and will need a trigger — either from the Fed meet today or the Reserve Bank's September meet.
Spot gold steadied on Friday after rebounding in the previous session, as investors awaited a speech by US Federal Reserve Chairman Ben Bernanke later in the day.
Nitin Rakesh, chief executive officer, Motilal Oswal Asset Management Company, tells CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee that if the Fed announces the third round of quantitative easing in the Jackson Hole meeting, then it will not be good for the Indian market as commodities will take a big jump.
Syetarn Hansakul of Deutsche Bank tells CNBC-TV18 that burden of economic stimulus (possible QE3) is being shifted to central banks, and hence, she sees increasing possibility of more help coming on that front.
Commodity Broking Services' Jonathan Barratt told CNBC-TV18 that he expects to see crude trend lower from the current levels. He also indicated that Jackson Hole meet for QE3 announcement would not aid crude much.