A day of mixed data , some good , some bad and some mixed. Mostly, confusing as to where the economy is heading to in the US. This has been the case for most company results too.March is going to be an important month and will confirm if the bad data this month was actually due to the severe weather faced in the US or it was just the economy not growing and stable.The early indicator is the strong PMI data, which gives hope that it could be due to the bad weather and nothing more and it will be business as usual.
The markets have been volatile, we have seen a strong start , then a drop into red territory, and slow climb back into the green.Volatility is the norm it seems. With the kind of data which came out from china, it is indeed surprising the effect has not been worse.The last time round it did a bigger damage, in end January
Dollar has been increasing slowly , gold and oil has pared down from earlier values.With no more major data due other than the Cleveland fed financial stress index,the market should make major inroads into green territory today.Which in turn should see a rising Nikkei, Hangseng and SENSEX
The markets have been volatile, we have seen a strong start , then a drop into red territory, and slow climb back into the green.Volatility is the norm it seems. With the kind of data which came out from china, it is indeed surprising the effect has not been worse.The last time round it did a bigger damage, in end January
Dollar has been increasing slowly , gold and oil has pared down from earlier values.With no more major data due other than the Cleveland fed financial stress index,the market should make major inroads into green territory today.Which in turn should see a rising Nikkei, Hangseng and SENSEX