Looking at the bad intentions of people as what is happening in gulf region our Nature mother is also revenging us by creating this huge earth quake and tsunami in
. Look like nature is trying to say us be a good human by leaving cruel intentions, concentrate your own work and don’t interfere in other’s work, let others to decide what they want. Japan
Again these rating agencies are creating panic about European debt problem. Moody’s this week downgrade
Spain’s debt and cut rating suspecting debt default. Though Greece Greece’s increasing Credit default swap & rising yield of Portuguese and ’s bond are matter of concern but situation are not so panic as they are again trying to create. I think someday will come when people are going to overlook these agencies. This week Euro leaders have increased the power of their Rescue Fund by enabling it to buy the primary market debt, this may help them to some extent. Ireland
This week most of the markets were in negative territory and why shouldn’t be as there are many causes those are fueling this negative sentiment.
is now facing two weeks of positive moves, where as renewed debt problems with other problems again fueling the European market to be in negative bias for two weeks. Thailand
Other markets were also more or less down this week.
Shutdown happens in Oil refineries of Japan. Oil price has come down from its highs, as I was listening somewhere that the problem in
is decreasing gradually. Libya
I have still doubt about this movement of Oil, as I was telling last day about the profit booking so these may be one of the cause of this decrease. Since
Libya is not big as Saudi Arabia in oil production so any bad news from could impact more in coming days. Saudi Arabia
I was expecting some large up move from Gold in last day but it was not the case and it even couldn’t able to pass earlier days move, but as I told in last week that it may gathering strength for any directional move from here.
Renewed Euro-area debt crisis may again create problem for Euro. In this moment 1.40 is looking a resistance for Euro and if uncertainty in Euro-zone goes on it may again comedown from here.
Earth quake and tsunami make Yen to appreciate again and in coming days it may test lower level of 81.60 if not more from here. Once new infrastructure and constructional works are going to start in effected areas we may see renewed demand of Yen and also the Insurance claims of the companies are need to be taken into account for any future action of Yen.
Chinese & US trade deficits and increasing job benefits in US are some of the factors which are making investors to take shelter in the safety of Govt. Debts.
The natural disaster in
is going to make their economy worse than earlier though Moody’s has different opinion about it. Japanese govt. bonds are rising with diminishing yields and in coming days we will see more of these. Actually bonds were already in increasing mode and this natural disaster makes it more vulnerable. Japan
For Dow Jones 11800 is acting as a good support but if uncertainty goes on then it will try the low of around 11000, on the up side unless it brakes the 12400 level convincingly, a solid move cannot start from here to test previous higher levels. FTSE, CAC and DAX all have made quite similar position like Dow.
Thailand Kospi and
Indonesia have similar positions where as India and is look like similar to certain matters. Brazil
Some important Reports those are due from US ----
Tuesday – Housing market index
Wednesday – Producer price index, Housing starts.
Thursday – Unemployment claim, Consumer price index, Industrial production.
Bank of Korea has increased it’s interest rate, now twice in this year & in
India, the factory output rises more than expected and that gives more opportunity to Reserve Bank of to increase the interest rate. As I told in past that these Oil price increase and Interest rate hikes are not going to effect stock markets much because its are already discounted in the stock prices and these matters are also improving to some extent like Chinese inflation in February is unchanged e.t.c. While India Germany’s drop in export and $7.3 billion trade deficit in in February are matter of concern. But bigger matter of concern in coming week can be problem in China Saudi Arabia and reactions from in regard of loss of human lives, financial damages as well as constructional damages. I was reading somewhere that their nuclear reactors are in trouble, this can create a huge problem than others. Japan
I wonder that, what will be the sentiment of the investors in stock markets around the world in Monday !
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