Nifty : 11/12/2019
Market seeking direction - FOMC minutes to set the tone.
Few important domestic and world events listed below:
US-China Trade Deal: The market is expecting the first phase deal between US-China to be signed in December especially before December 15 deadline when the tariffs on $156 billion in Chinese imports is set to take effect. In a positive move Trump administration plans to delay tariffs set to take effect on Sunday.
Fed Policy Meet: Next FOMC on December 10-11. Experts largely expect the US central bank to keep interest rate unchanged after three rate cuts this year and could turn more hawkish.
Brexit: The second national election in less than three years will be conducted in the United Kingdom on December 12. It is the most important event as it will decide the path for Britain's exit from the European Union.
Macro Data: Industrial production data for the month of October and CPI inflation for November will be released on December 12.Analysts expect the IIP in October to see further contraction (around -5 percent) due to consistent weakness in major segments. Core industries which are 40 percent of IIP declined 5.8 percent in October. On the other side, retail inflation in November is likely to inch up further over 5 percent against 4.62 percent in the previous month due to higher food inflation.
Oil Prices: International benchmark Brent crude futures rallied more than 3 percent and WTI over 7 percent during the last week after OPEC members agreed for additional cuts of 5,00,000 bpd for the first quarter of 2020, taking total production cut to 1.7 million barrels per day.
Posts are not recommendations.
Few important domestic and world events listed below:
US-China Trade Deal: The market is expecting the first phase deal between US-China to be signed in December especially before December 15 deadline when the tariffs on $156 billion in Chinese imports is set to take effect. In a positive move Trump administration plans to delay tariffs set to take effect on Sunday.
Fed Policy Meet: Next FOMC on December 10-11. Experts largely expect the US central bank to keep interest rate unchanged after three rate cuts this year and could turn more hawkish.
Brexit: The second national election in less than three years will be conducted in the United Kingdom on December 12. It is the most important event as it will decide the path for Britain's exit from the European Union.
Macro Data: Industrial production data for the month of October and CPI inflation for November will be released on December 12.Analysts expect the IIP in October to see further contraction (around -5 percent) due to consistent weakness in major segments. Core industries which are 40 percent of IIP declined 5.8 percent in October. On the other side, retail inflation in November is likely to inch up further over 5 percent against 4.62 percent in the previous month due to higher food inflation.
Oil Prices: International benchmark Brent crude futures rallied more than 3 percent and WTI over 7 percent during the last week after OPEC members agreed for additional cuts of 5,00,000 bpd for the first quarter of 2020, taking total production cut to 1.7 million barrels per day.
Posts are not recommendations.
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