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Tuesday, December 8, 2009

Positive on India for next 3 years: Credit Suisse

Robert Parker of Credit Suisse says market activity is low despite an uptrend. "We are staying out of markets for the time being and will stay on the sidelines till December-end."

On India, Parker says the upside in the Indian market is limited in the short-term. However, he remains positive on India with a three-year view.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
20:45 Fed's Musalem speech 2
21:15 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
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