Monday, January 19, 2009

"Monday Market Monitor_Jan 19, 2009"

  • Dismal global data (like IP, retail sales, trade) point to continued rapid economic decline.
  • Global Equity markets declined 6.1% last week. A fresh $130 bn. package for BoA propped sentiment on financials which was hurt by news from Citi Group selling itself in parts.
  • Indian stocks started low but rose mid week defying global trend. Key indices ended the week with a net loss of around 1%.
  • Last week, the bond markets rallied but failed to hold on to early gains. Report quoting that RBI is unlikely to cut rate in its January policy meet hurt the sentiment.  
  • The outlook on industrial metals remains overall negative. Commodities declined last week as overall demand conditions worsened.









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Posted by Safe Invest India

1 comment:

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