Spot gold, viewed as a safe-haven asset, was trading at USD 1,233.56 per ounce, up for the fifth straight session. The Japanese yen, another safe-haven play due to its large current account surplus, has appreciated strongly against major currencies.
Led by a strong performance in financials, the Dow Jones industrial average was up 0.94 percent, its best trading day for 2017, at 20.071.46, as the S&P 500 rose 0.73 percent to close at 2,297. The Nasdaq composite added 0.54 percent at 5,666.8.
The money flow from US bonds into equities to continue for some more time, says Nick Parsons, Head of Research, UK & Europe, National Australia Bank.
Speaking to CNBC-TV18, Nick Parsons, Head of Research – UK & Europe, National Australia Bank said US Federal Reserve will be one of the least market moving events over next few weeks.
As of now, global investors are a bit cautious on India because they don‘t understand the risks and therefore are unable to plot for the short-term, said Nick Parsons, Head of Research, UK & Europe, National Australia Bank.
The upcoming US elections are the sole reason for movements in global markets, believes Nick Parsons, Head of Research – UK & Europe at National Australia Bank.
Nick Parsons, Head of Research, National Australia Bank in an interview to CNBC-TV18 spoke about the likely reason for the steep fall in the sterling pound.
The global weakness is mainly due to the pressure in the German banking sector which led to a decline in Dax by 2 percent, Nick Parsons, National Australia Bank says. Also the upcoming US presidential debate and the OPEC meet have also caused jitters among investors.
Nick Parsons of National Australia Bank believes any further QE could be counter-productive in the financial stability and banking sector profitability of the system and would have a negative impact on business consumer confidence.
Prices of the key pulses, long-used to make dishes such as curries and growing in popularity globally due to their high-protein content, soared above AUSD 1,200 (USD 915) per tonne earlier this year, according to National Australia Bank.
With the financial markets disappointed with the stimulus package, the dollar yen could move lower and unwound all the gains, Nick Parsons of National Australia Bank.
Last week‘s rally in the markets was an outcome of the British Parliament‘s ratification of Brexit, says Nick Parsons, Head of Research, UK and Europe, National Australia Bank.
The US dollar index (USD) is poised to end 2015 with a more than 9 percent increase as expectations for the Federal Reserve to begin a tightening cycle boosted buying in the months leading up to the central bank's historic December meeting.
Oil and iron ore have had a shocker of a year and National Australia Bank says the two commodities may fall further in 2016.
The CGFF will start with a working group, bringing together representatives from countries including Australia, Britain, Canada, Malaysia and Nigeria, and financial companies including HSBC and PricewaterhouseCoopers, the facility said in a statement.
The lender tabled the moves in posting a 19.7 percent lift in annual net profit to 6.34 billion dollar (USD 4.56 billion) for the year to August 31 as it looks to bolster its balance sheet and provide a buffer to meet tougher regulatory requirements.
Asian shares declined early Friday after the Federal Reserve cited concerns about global economic growth in its decision to hold off on its first rate hike in nearly a decade.
There is no sign China and resultant slowdown being discounted as yet, says Nick Parsons of National Australia Bank.
"The PBoC has come across hesitant and reactive. Policy easing has followed rather than pre-empted the pullback in the economy as well as asset markets," said Vishnu Varathan, senior economist at Mizuho Bank.
The PBoC set the yuan fixing at 6.4010 on Thursday, weaker than the previous day's close of 6.3870 and 1.1 percent down on Wednesday's fix of 6.3306.
Nick Parsons of National Australia Bank says overnight the small business survey showed its hiring intentions were very strong. So, a consensus is now 225,000
Nick Parsons, Head of Research, UK and Europe, National Australia Bank says as the Greek crisis approaches an end game, it is likely to impact asset market, also negatively.
The IMF said Greece had asked for a last-minute repayment extension earlier on Tuesday, which the Fund's board would consider "in due course."
Commenting on the Greece situation Nick Parsons, Head of Research-U K and Europe, National Australia Bank said European market is showing a condition of an incessant ‘investor fatigue‘. “We all want it to end, but at the back of our mind we know it will come back,†he told CNBC-TV18.
Nick Parsons, head of Research, UK and Europe at the National Australia Bank, says it will be taken as a negative signal if German DAX closes below 11000.