Arvind Sanger, Geosphere Capital Management is of the opinion that the Fed will go slow on tapering because the US non-farm payroll was disappointing in terms of showing strong improvement in the labour market.
According to Mark Priest, the emerging market sector has suffered quite severely in the last few weeks. There has been big sell-off across every region. People will calm their nerves on the performance of these emerging markets and will see them as a good buying opportunity.
Ajay Marwaha expects the US non-farm payroll data to be strong. According to him, whatever evidences the market has seen so far out of the US data, they will have some impact across all emerging markets including the rupee.
According to Udayan Mukherjee, the market started off with a little more hope today because global events have played out slightly more favorably for us. The US non-farm payroll numbers were optimistic for people who are dreading early quantitative easing (QE) withdrawal.
India seems to be facing the possibility of sluggish inflows, and the possibility of crude going up.The global picture too seems to be quite mixed and murky which may come in the way of emerging market equity performance.
Stocks slumped and investors sought the safety of bonds after April‘s disappointing jobs report signaled weak economic growth, which will keep the Fed open to more easing.
Japan's Nikkei average fell 1.5% to post its fifth straight day of losses on Monday, with a weak US jobs report raising fresh concerns over recovery in the world's largest economy and as a stronger yen weighed on exporters.