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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, Jun 09
21:00 3-Month Bill Auction 1 4.25% 4.25%
Tuesday, Jun 10
04:31 BRC Like-For-Like Retail Sales (YoY) 2 0.6% 2.7% 6.8%
06:00 Westpac Consumer Confidence 2 0.5% 2.2%
07:00 National Australia Bank's Business Confidence 1 2 -1
07:00 National Australia Bank's Business Conditions 1 0 2
11:30 Claimant Count Rate 2 4.5%
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.4% 5.6%
11:30 Claimant Count Change 3 9.5K 5.2K
11:30 Employment Change (3M) 3 112K
11:30 ILO Unemployment Rate (3M) 3 4.6% 4.5%
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