In an interview to CNBC-TV18 Henry Mcvey, managing director, KKR shared his reading and outlook on the US markets. He says, with the extension of quantitative easing three (QE3), Fed is basically is trying to create a buffer to prevent deflation and also prepare the markets for risk taking in 2013.
Mecklai graph of the day: ISM manufacturing is a leading indicator of economic health. Businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
Arjuna Mahendran of HSBC Private Bank says markets, particularly the ones outside of Asia, are quite comfortable with Obama second term at the White House.
CNBC-TV18's managing editor Udayan Mukherjee says there is a genuine chance of a rate cut, courtesy the RBI. This is something that money markets and the stock market have priced in.