Donald Trump's calling China a currency manipulator has pushed down the dollar, said Jane Foley of RaboBank International. The currency saw weakness after the Renminbi turned around overnight against the US dollar.
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.
Indian market is not yet at the point where huge liquidation is being seen but it is slightly more defensive positioning, says Nick Parsons of National Australia Bank sharing his views to CNBC-TV18 on market weakness ahead US Fed meet this month end.
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.
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.
There is no sign China and resultant slowdown being discounted as yet, says Nick Parsons of National Australia Bank.
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.
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.
The big spike in US bond yields, which is at 7-year high, is a matter of concern for global markets.
Nick Parsons of National Australia Bank says European bond yields have calmed for now. But volatility is not far away either. He believes any unexpected data can trigger volatility.
Nick Parsons, Head of Research, UK & Europe at National Australia Bank shared his views on the improving eurozone PMI data, the fall in crude prices and the RBI‘s status quo on rates.
All eyes are on Europe as the Eurozone Finance Minsters meet in Brussels to discuss Greece‘s dwindling finances. Nick Parsons, head of research of UK & Europe at National Australia Bank, said there is not much expectation about the deal, which is also being reflected in the currency market.
Greece has come back to haunt the Eurozone because of which the European Central Bank is caught in a tough situation, says Nick Parsons of National Australia Bank.
According to Nick Parsons of National Australia Bank crude prices are likely to stabilise around the current levels of USD 62 per barrel for the next few months.
Nick Parsons of National Australia Bank sees daily 1-2 percent swings across asset classes in the US and wide trading ranges in the days to come.
Nick Parsons, head of research, UK and Europe at National Australia Bank believes the US is looking fully priced in.
Nick Parsons, National Australia Bank is of view that taper of around USD 10 billion per month is likely to continue for next 6 months.
The US Federal Reserve‘s decision on tapering will be data dependent and as long as that data continues to peak up, the Fed is right and to be on the course they have set, believes Nick Parsons.