Quotes
The rally in the global stock markets has been driven mainly by consensus expectations of a soft landing for the US economy. This expectation is now under threat with the fall in US job creation in July and the sharp rise in the US unemployment rate to 4.3 per cent. Geopolitical tensions in the Middle East also are a contributing factor,
said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services The global market is reeling as bears enter with a cocktail of bad news. The fear of a reverse Yen carry trade, following an interest rate hike in Japan, was the initial catalyst. This was compounded by fears of a recession in the USA after extremely poor jobs data, which spooked market sentiment,
said Santosh Meena, Head of Research, Swastika Investmart Ltd Anxiety remains high, especially after Friday's unexpectedly weak US July jobs report, suggesting that volatility will be the hallmark of the day,
Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said Never a better time to deploy the ancient Indian practice of Pranayama. It’s about breathing deeply and looking inwards. What I see is an India that is an oasis in the world. Whose Rise will not be impeded in the medium to long term. Play the long game.”
While replying to an X post about the market, the business tycoon wrote