The Last week ended with Weaker than weak Employment report that sunk expectation. The Chinese data of higher inflation above 6% may further hardened, the tightening Bias of Chinese Central bank towards, some more rate hikes. The Goldman’s report on Financials put more jitters.
As, the Week Begins, Australia is expected to impose Carbon Tax of about $ 23 on Miners. while, Rio Tinto is likely to announce its result this week.
The US Treasury sales on Monday may indicate yields hardening , as first sales post QE 2 and Tuesdays Factory Orders and FOMC Minutes will be watched for the Growth signs and the Dissent in the FOMC. Infosys declares its result on the same day. The Alcoa and Chevron result may cover up the commodity universe. Bank of Japan’s talks shall focus on recovery.
Wednesday, Begins with focus on Chinese data regarding GDP and other economic indicators. This may fix grounds for another rate hike. Smaller results in Indian markets. Will China embark to Currency (Re) Valuation..? But, the US market will focus on retail sales i.e MBA purchase application and Ben Bernanke starts his 2 day semi annual Testimony. Dallas FED’s Fisher Speaks on the very day. But, the markets will close on the eye on Google and JP Morgan.
Thursday, 14th : India TCS will post results. where market has high expectations. No of non Nifty companies declare results. The Inflation data is expected to carry the Diesel and gas price rises shall be again inflationary. The US market will open with jobless claims, retail sales and Business Inventories. The Bernanke’s Testimony shall rumble on the foreground. The JP Morgan and Google results set the mood.
Friday the 15th : The Indonesian bank is expected to take tough call on Inflation. The ECB shall declare the ‘ Stress Test’ results of 91 European Banks. Moody’s are expected to call on Bond Ratings in view of Budget Deficit. The Citi Group result will lurk in the weather. The Consumer Price Index, Industrial production followed by consumer sentiment buzz the Markets.
The sudden Infectious rise in yields of Italian Bonds in the late Friday will bear the answers till then
The week ends again on China, whose Trade Balance will be in the Lights as week end special.
Well, all in all its Joy ride , freak moments and nasty surprises seems to be packed in full. This Week will surely have its foot print for the coming Q.
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