Daily Market Strategy: Street stimulated with hopes Markets are rejoicing on comments regarding continuation of stimulus for some time. The governing council expects the key ECB interest rates to remain at present or lower levels for an extended period of time, ECB President Mario Draghi said. The Bank of England cautioned investors they were being too quick to bet on higher UK rates. The Indian market will look at building on Thursday’s gains. European markets surged following comments from the Bank of England and the European Central Bank signaled that, unlike the United States, they are in no hurry to unwind stimulus. US markets were closed for Independence Day. Asian indices are up for now but will want to check the US jobs report due later in the day. Pharma counters could be in action as the Foreign Investment Promotion Board is likely to take up FDI proposals for clearances, including 10 proposals in pharmaceutical sector. slinvestments.in
Posted on: Fri, 05 Jul 2013 03:53:46 +0000
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