The moderation in employment growth reported by the Labor Department on Friday is in line with a slowing economy that in July will mark 10 years of expansion, the longest on record. It supports the Federal Reserve's "patient" approach toward further interest rate increases this year.
Federal Reserve chairperson Janet Yellen is likely to remain balanced on rate hike in her speech on Tuesday, says David Mann, Head-Asia Economic Research at Standard Chartered.
At the moment, Udayan Mukherjee expects the Nifty to hold 6000; however, adds that the market should not lose its focus from global cues
The market is likely to remain subdued if election outcome is mixed. Political cues will impact the market only if the verdict is unilateral says Gautam Chhaochharia of UBS Securities.
'Sometimes, a long-term investment is actually a short-term investment that failed.' If you are planning on going long, keep this in mind as you trade for the next few days as there is a lot of global and domestic macro news to watch out for.
In an interview to CNBC-TV18, Nick Parsons, head of research, UK & Europe at National Australia Bank analyses the global markets following the mixed economic data from the US.
Oil held above USD 90 on Thursday as upbeat private US payroll data helped markets recover from a mid-week slump on expectations for a sustained economic recovery at the world's top crude consuming nation.