This is the excerpts from my morning market view that is posted early in the morning in my blog
Developed markets had zoomed ahead.
USD, JPY & Gold were all down .
Emerging market ETFs were positive
Asian markets have opened in positive territory this morning
SGX Nifty seems to be less enthusiastic but trades in positive territory
Continuing border standoff with China
US protests are spreading worldwide.
Global Markets: - Leaping ahead
Developed markets European, US and Japanese markets zoomed ahead with more than 3% gains on Friday. Emerging market ETFs/assets traded in US went further up as well. All risk assets crude oil, emerging market assets, high yield bonds, EM currencies were up. All-around risk on mood in the global markets is visible. Safe haven assets USD, JPY and Gold are were lower.
ASIAN Markets this morning: - Positive
Asian markets opened this morning in positive territory but they are less enthusiastic than the US and European markets. SGX Nifty is trading above the Fridays Nifty close however it’s not displaying strong momentum. IT is trading about 100 points above Nifty’s Fridays close.
There are no significant calendar events scheduled today
India : Will developed markets enthusiasm help Nifty?
Nifty closed in positive territory on Friday. Net buy from both FII & DII were small. While advance decline ratio for NSE rose to very high levels of 6.7. This shows that there is all around buying interest from investors in the market. Globally, overall emerging market assets are performing well.
How will Nifty likely react today? Click here to find out
Disclaimer: Author is not responsible or liable, directly or indirectly, for any form of damages whatsoever resulting from the use (or misuse) of information contained in or implied by this posting. This should not be relied on as a source of financial, investment or trading advice. What works for one individual may not work for anyone else. Always consult and check with your financial advisor. I am an active trader therefore I have conflict of interest with whatever I have mentioned here.