Thursday, 30 June 2016

Manufacturing data in July next trigger for mkts: Deutsche Bank

Post the Brexit, Deutsche Bank is bullish on dollar, but expects sterling to weaken over medium term. 

Post Brexit, markets have seen volatility, but have recovered well in the last few trading sessions. There is enough liquidity which is pushing this rally, says Sameer Goel, Head of Asia Rates & Currency Research at Deutsche Bank.

Repercussions of the UK Referendum and what it means for politics in the Europe will be closely watched. However, the economic backdrop continues to remain weak.

Repercussions of the UK Referendum and what it means for politics in the Europe will be closely watched. However, the economic backdrop continues to remain weak.

Deutsche Bank expects sterling to remain weak in the medium-term while it is bullish on the dollar. For currencies, too, the next leg of growth data will be crucial.

On India, Goel says that it will be harder for Indian assets to benefit much from the global rally as concerns over growth stays. Worries over the Reserve Bank’s successor too remain a constraint for growth.
www.Bigprofitbuzz.com




4 comments:

BIGPROFITBUZZ said...

*: Performance of the Day (30th June 2016)

* Equity Profit Buzz Performance (30th June 2016)
1. SKSMICRO (Profit Rs.14/share)
2. WIPRO (Profit Rs.2.65/share)

* Derivative Profit Buzz Performance (30th June 2016)
1. SKSMICRO (Profit Rs.14000/Lot)
2. WIPRO (Profit Rs.2650/lot)

* Nifty Profit Buzz Performance (30th June 2016)
1. BANKNIFTY (Profit Rs 2400/Lot)
2. NIFTY (Profit Rs 4125/Lot)
3. NIFTY (Loss Rs 1875/Lot)

* Option Profit Buzz Performance (30th June 2016)
1. CENTURYTEX 660CE July (Profit Rs.2400/Lot)
2. INDUSINDBK 1100CE July Delivery (Profit Rs.4200/Lot)

* Jackpot Profit Buzz Performance (30th June 2016)
1. RELINFRA (Profit Rs 9/share & Rs 11700/Lot)

* Multi Profit Buzz Performance (30th June 2016)
1. SKSMICRO (Profit Rs 14/share & Rs 14000/Lot)
2. WIPRO (Profit Rs.2.65/share & Rs.2650/Lot)
3. BANKNIFTY (Profit Rs 2400/Lot)
4. NIFTY (Profit Rs 4125/Lot)
5. NIFTY (Loss Rs 1875/Lot)
6. CENTURYTEX 660CE July (Profit Rs.2400/Lot)
7. INDUSINDBK 1100CE July Delivery (Profit Rs.4200/Lot)
www.bigprofitbuzz.com/

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Simran Shah said...

Gold also received a boost on talk of additional stimulus from the Bank of England, the European Central Bank and the Bank of Japan.
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