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Devangshu Datta: Earnings report card a deciding factor

That, along with policy meetings of the central banks of a few countries, will likely set the trend for the markets for the rest of the year

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Devangshu Datta 

Devangshu Datta

Global equity markets have rebounded with enthusiasm after the initial shock of Brexit. However, the mood is more sombre in the bond, currency and commodity markets. Traders are waiting for the earnings season to kick off and for news flow out of multiple central bank meetings. The political news out of the UK remains confusing.

After all the resignations, there will be a new prime minister for sure and she will have to initiate the exit. The property market is freezing up. The GBP has dropped by about 14 per cent versus the USD. Even the euro is up 10 per cent versus the GBP although it is ...

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First Published: Sun, July 10 2016. 21:47 IST
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