Dhruv Goyal tells Moneycontrol that China’s steel production is likely to impact prices in the near term, while Indian production could help decide the long-term outlook for the steel industry
Analysts said markets have factored in an aggressive rate hike from the Federal Reserve, but nevertheless may remain volatile ahead of monthly expiry.
European Central Bank President Mario Draghi will not attend the annual Jackson Hole meeting of central bankers at the end of this week due to a heavy workload, the ECB said on Tuesday as its policymakers gear up for a critical meeting on September 6.
Hans Goetti, chief information officer (CIO) of Asia at Finaport told CNBC-TV18 that the markets are not trading with a hope of third quantitative easing programme (QE3). According to him, quantitative easing drives investors into the risk of trade and riskier assets.
Brent crude oil rose slightly in choppy trade on Friday as traders weighed the approach of Hurricane Irene toward refineries on the US Northeast coast against concern about the health of the US econonmy.
With the Federal Reserve's Jackson Hole meeting scheduled tonight, the possibility for a big QE3 is on the cards. In an interview to CNBC-TV18, Mark Konyn, chief executive officer at Allianz Global Investors' company RCM shared his expectations form the meeting and gave his perspective on what it means for the emerging markets like India.
The Federal Reserve’s Jackson Hole meeting is scheduled for later tonight. In an interview to CNBC-TV18, Quam Asset Management’s chief executive Richard Harris gave a view on the awaiting signals from the meeting and what could be expected from it.
World stocks held above a recent 11-month low on Monday while oil prices slipped as investors concerned about a global economic downturn stayed away from buying risky assets.
The global markets is has all eyes and is all ears for the upcoming Jackson Hole gathering as a panacea against a worsening economic outlook. "The Jackson Hole meeting is going to act as an anchor for the global markets," says Richard Harris, chief executive of Quam Asset Management.