Dr Benn Lawrence Steil, director of international economics at the Council on Foreign Relations (CFR), New York spoke to Moneycontrol.com about global markets- equity, commodity and bonds- and where they are headed.
The global risk has every chance to remain intact, says Gary Baker (BoFA Merril Lynch) given what the ECB, Fed and recently Bank of Japan have done for the economy.
Mecklai graph of the day - The European Central Bank has conducted two Long Term Refinancing Operations (LTRO) since Dec 2011, the first LTRO was conducted on Dec 21st 2011 and the second LTRO on Feb 29th 2012.
Michael Spencer, chief economist - Asia Pacific of Deutsche Bank expects the impact on real economy by LTRO 2 to be very strong.
In an interview to CNBC-TV18, Richard Gibbs, global head, Macquarie Securities says the geopolitical concerns surrounding Iran and Iraq are likely to support crude oil prices rising even further.
Earlier this week, banks in Europe borrowed 529 billion euros for three years at 1% from the European Central Bank under the LTRO facility. But this time, the liquidity injection in the banking system is unlikely to fire up equity markets, argues Nischal Maheshwari and team of Edelweiss Securities.
It has been a tough day for the market. The Nifty started off with a bit of a small gap down but it just kept grinding lower and now it is an effort to stay above 5,300 level, said CNBC-TV18’s managing editor Udayan Mukherjee.