Previous worries about the risk of elevated inflation have virtually disappeared, swiftly giving way to speculation that growth will stall unless the central bank starts pulling interest rates down from a more than two-decade high.
China's official manufacturing purchasing managers' index (PMI) rose to 52.6 last month from 50.1 in January, giving investors hope that China's recovery can offset a global slowdown.
Former ICICI Bank Chairman KV Kamath says the demonetisation drive is a courageous move and the impact in the system due to cash ban will help in recapitalising banks and also address the issue of corruption.
The merger will cut out overlaps with six treasuries being bundled off into one and provide scope for branch rationalisation, said Arundhati Bhattacharya, Chairman of SBI after bank's board gave in-principle approval to merge Bhartiya Mahila Bank and five associates with itself.
A reading above 50 indicates expansion in the manufacturing sector, and the reading remains well above its two-year average. That means the slowdown appears unlikely to derail a broader strengthening of the US economy.
Macquarie prefers to invest in countries like Thailand and Philippines than India and Indonesia, which are structurally impaired according to Viktor Shvets.
US Treasuries edged higher after weak consumer sentiment and retail sales data bolstered the view that Fed policymakers will slow an exit from its USD 85 billion a month bond-buying programme.
European equities slid nearly 3% yesterday as the euro dropped to an 11-month low of 1.29 against the dollar, after a grim Italian bond auction.
Jan Lambregts, Global Head of Financial Markets Research, Rabobank International joins CNBC-TV18 to provide insights into the European situation. He also opines on where India and other emerging markets stand in the volatile situation.