Market move▼ Bearish for Indian equities
5 global market themes investors need to watch this week
The brief
- Global markets face elevated borrowing costs, oil above $100 a barrel and tighter monetary policy
- Oil above $100 a barrel and tight monetary policy pressure Indian equities and oil-sensitive sectors
- Euro zone business growth hits over 3-1/2-year high despite inflation worries, PMI shows
- Reflationist ex-BOJ policymaker calls end to low rates, big spending
- Investors expect RBI rate hikes as inflation concerns build
- Economists expect a 25-bps RBI hike as global yields, rupee and inflation pose risks
- Economists expect RBI to raise repo rate 25 bps to 5.50% in October