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Market Outlook - 16th Dec 2015

Published on Sep 08th 2015

IT

Indian markets are expected to open positive tracking the SGX Nifty and most of global markets. US markets was closed on Monday for Labor Day Holiday while on Friday it moved lower as the Labor Departments monthly jobs report offered mixed data. The report showed much weaker than expected job growth in August but also a drop in the unemployment rate and an increase in wages. The European markets edged higher on Monday after falling sharply last week as investors fretted over Chinas economic slowdown and an impending U.S. interest rate hike. The Indian markets tumbled on Monday to hit their lowest level in 15 months as uncertainty over the timing of a U.S. rate hike and continued volatility in Chinese shares affected investors confidence. China will report exports data for August month today which is expected to be lower by 6.7% yoy according to consensus which may impact Indian markets in the near term

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