Market rally to continue or is a pullback likely?


Markets rebounded last week, buoyed by a rally in global equities and a dip in commodity prices. This week, investors will track global macros as the UK is slated to release its retail inflation data


global central banks | RBI | Markets

Lovisha Darad  | 
New Delhi 

As global central banks turn hawkish, penciling in a series of rate hikes throughout this year, will Indian markets succumb or tide through the incoming wave of rate hikes? Most analysts expect the global markets to remain choppy over the next few months as they react to the fallout of the ongoing geopolitical crisis. , too, will be no different. A series of global events are lined up this week that the markets will keep a tab on for a short-term trajectory. UK will release their consumer price index (CPI) and producer price index (PPI) numbers for February on March 23 after inflation stoked to a 30-year high. That apart, Euro zone will roll out the consumer confidence data for February on March 23. Later in the week, US President is slated to meet European leaders at an extraordinary NATO summit in Brussels on March 24.

Biden will also join the European Council summit where efforts to impose economic sanctions on Russia are underway. The US as well as Euro zone is expected to release services PMI and manufacturing PMI data on March 24. The economic data will be a key variable for 03 investors to track any sublime in inflationary pressures. By end of the week, UK will roll out retail sales numbers for February on March 25.

Watch video

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, March 21 2022. 08:00 IST


Source link