Arq - The Hyper Intelligent Investment Engine By Angel Broking

Market Outlook - 16th Dec 2015

Published on Oct 12th 2015


Indian markets are expected to open positively tracking the SGX Nifty and the Asian peers. US stocks extended gains after minutes of the Fed meeting indicated it may hold rates for now. Further the disappointing jobs data also reaffirmed Fed’s decision to keep status quo. The markets ended 3.3% higher in the week making it the best weekly gains in 2015. European indices ended higher after a rally in the global stocks and oil prices following the US Fed’s decision to keep interest rates unchanged. The rally was also fuelled by mining companies post announcement by Glencore stating it would curb zinc production. Indian shares closed in the green amid strong global cues. Global markets rallied after the US Federal Reserve meeting which suggested that the central bank will postpone the rate increase. The Fed has held its benchmark interest rates near zero since December 2008 which encouraged investments in the emerging markets.

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