1 year, 4 months ago

Global Trends, Macro Data To Drive Market Movements In The Week: Analysts

Stock markets will be dominated by global trends and macroeconomic data announcements in the week, with volatility expected in the week as monthly derivatives expire, analysts noted. “While global cues are relatively muted, market participants will closely monitor movements in crude oil prices, US bond yields, and the dollar index,” said Santosh Meena, head of research, Swastika Investmart Ltd. On the macroeconomic data, the GDP data for the July to September quarter is set to be released on Thursday and the Purchasing Managers’ Index data for the manufacturing sector is scheduled to be released towards the end of the week. Arvinder Singh Nanda, senior vice president, Master Capital Services Ltd, noted, “On the macro front, India's Gross Domestic Product for the third quarter will be released on November 30. The market will take further cues from US GDP data, crude oil inventories, US PMI data and Eurozone core CPI data.” Notably, the benchmark indices recorded gains in the last week.

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