Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing (QE) - printing money to purchase the sovereign bonds - despite opposition from Germany's Bundesbank and concerns in Berlin that this could allow spendthrift countries to slacken their economic reforms
David Lennox, analyst, Fat Prophets says Brent Crude is likely to have a good year as the demand in China, US and Europe is likely to grow well.
Bernanke, who steps down as head of the US central bank at month's end, gave an upbeat assessment of the US economy in coming quarters. But he tempered the good news in housing, finance and fiscal policies by repeating that the overall recovery "clearly remains incomplete" in the United States.
The Fed is expected to begin its long retreat from ultra-easy monetary policy by announcing a small reduction to its USD 85 billion monthly bond purchases following a two-day policy meeting that ends on Wednesday. Many expect a USD 10 billion cut.
Speaking to CNBC-TV18, Bunnings says the dollar will continue to gain against the emerging market (EMs) currencies on the back of Fed tapeing its bond-buying program.
Speaking to CNBC-TV18, UR Bhat, managing director, Dalton Capital Advisors says emerging markets (EMs) have been huge beneficiaries of the US Federal Reserve's Quantitative Easing (QE) seen for the last several quarters.
India has been gripped by a mood of crisis in recent weeks, despite Prime Minister Manmohan Singh's reassurances on Saturday that India was not headed for a 1991-style balance of payments crisis.
Comments in May by Bernanke suggesting the Fed could start unwinding its massive monetary stimulus later this year sparked a wave of panic in financial markets.
Fed chairman Ben Bernanke said that by the end of this year, its quantitative easing (QE) will starts tapering. Hence, the fountain of liquidity that we have got used to over the last few years is slowly but surely drawing to a close says Udayan Mukherjee, managing editor CNBC-TV18.
The Fed expects moderate growth to lead to continuing healing in the job market as headwinds facing the economy ease, Bernanke said. He also said policymakers expect inflation to move back up toward their long-term 2 percent goal.