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The biggest risk for markets
Mon, 21 Jun Pre-Open

The global economic picture remains hazy as of now. Every good news is followed by a bad news and vice versa. The concerns especially lie in the way the European crisis is evolving. Governments are trying to print their way out of this crisis. But economists see this as laying the seeds of high inflation in the future.

CLSA's Christopher Wood is certainly one of the best big picture guys in the world today. Thus, we were all ears when he spoke to a leading business channel on the crisis recently. Wood is of the opinion that the Euro situation remains the biggest risk for world markets this year. And it is not Greece that will be the problem child. He believes that Spain is the real big banana as it is a much bigger economy. Hence, the Spain situation will determine whether the Euro currency remains intact throughout the adjustment process.

He also had a word or two on the US economy. Contrary to other experts, Wood has argued that the US economy is indeed recovering. But he also believes that the recovery is not strong and is in fact quite weak. He thinks that the sole reason the emerging markets are much healthier than the developed ones is that there is strong income growth expected in emerging markets. On the other hand, real income growth in developed world will remain pretty lackluster and thus, also hurt overall economic growth in developed nations.

Wood also had interesting things to say about Indian central bank, believed to be his favourite in the world. He is of the humble opinion that the current RBI Governor seems to be the opposite of his predecessor. As per him, while the former had a consensus driven approach, the latter came with a more devil may care attitude. He nevertheless sees no big risks for the Indian economy in the short run and favors infrastructure and finance sectors.

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Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

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Feb 26, 2021 03:30 PM

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Feb 26, 2021 03:26 PM

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UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

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ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

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