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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
Monday, Jul 14
18:00 Wholesale Sales (MoM) 1 0.1% -0.4% -2.3%
18:10 Fed's Hammack speech 2
21:00 6-Month Bill Auction 1 4.125% 4.145%
21:00 3-Month Bill Auction 1 4.245% 4.255%
23:30 BoE's Governor Bailey speech 3
Tuesday, Jul 15
04:31 BRC Like-For-Like Retail Sales (YoY) 2 0.2% 0.6%
06:00 Westpac Consumer Confidence 2 0.5%
17:30 OPEC Monthly Market Report 1
17:45 Housing Starts s.a (YoY) 1 262.5K 279.5K
18:00 NY Empire State Manufacturing Index 2 -8 -16
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