|Posted by EJ on October 25, 2010 at 3:00 AM|
Moderate growth signal kept coming from the US last few weeks suggest the growth is stable but not outstanding. By Nov end, the next round of quantitative easing may start. Consumption will remain soft in spite of holiday season.
G20 cud not agree to any firm point on currencies, hence left to the mkt forces to decide on this issue. We may expect further weaking of Dollar;subsequent uptrend in commodity prices and emerging mkt stocks. Emerging mkt like China, India faces bigger inflationary problem in next few quarters.
Huge IPOs those are hitting Asia will absorb the liquidity from secondary mkt. Expect action in selective counters. IPO refund will give sporadic push to mkts. Real estate, financial, auto segment looks good.