Analysts Say Macro Data, Trends And FPI Activity Will Drive Market Trends
Global cues, macroeconomic data, and foreign investor activity will drive market trends as there are no major triggers from the domestic market.
Topics
Posted 9/3/2023, 11:13:11 AM
bqprime.com
Relevant topic timeline:
Asian markets are expected to follow the global trend of weakness in stocks, a buoyant dollar, elevated bond yields, and souring investor sentiment, with no major catalysts to change the current market condition.
Equity markets are higher as investors consider macro data, with Wall Street experiencing a rally fueled by optimism about interest rates and job openings.
Market jitters persist despite economists downplaying the chances of a recession, as global stocks and US futures remain in the red and inflation fears continue to linger.
The stock market is disregarding signs of an economic slowdown, despite historical evidence suggesting it could be a cause for concern.