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Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 08th Feb 2016

Published on Feb 08th 2016


Indian markets are expected to open in red tracking the SGX Nifty and its asian peers. US markets ended in red reflecting a negative reaction to the closely watched monthly jobs report. With the steep drop on the day the techheavy Nasdaq fell to its lowest closing level in well over a year. The European markets ended mixed. The highly anticipated U.S. employment report for January showed weaker than expected job growth and German factory orders also disappointed. Investors were also confronted by a large number of corporate earnings results. Indian shares rose sharply to extend gains for a second consecutive session as crude prices steadied and weak U.S. data reinforced views that the Federal Reserve would need to delay further rate hikes. While the rupee traded weak upbeat FDI figures for December and media reports that the government will notify minimum import prices for steel products spurred some buying in beatendown stocks.

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