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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
Tuesday, Jun 24
01:00 CFTC GBP NC Net Positions 1 £42.9K £51.6K
01:00 CFTC AUD NC Net Positions 1 $-69.4K $-69.9K
08:30 Credit Card Spending (YoY) 1 2.2% 0.5%
15:00 BoE's Greene speech 2
15:30 Fed's Bostic speech 2
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Current Account 1 $-440.0B $-303.9B
18:00 Consumer Price Index (YoY) 3 1.7% 1.7%
18:00 Consumer Price Index - Core (MoM) 1 0.4%
18:00 BoC Consumer Price Index Core (MoM) 2 0.5%
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