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MAJOR EVENTS: 03-10-2016

MAJOR EVENTS: 03-10-2016
October 02
18:33 2016

Huge Volume of macro -economic data is expected to come out from US next week.  Among them US Market Manufacturing PMI, US Balance of Trade, Non-Manufacturing PMI, Continuing Jobless Claim, Initial Jobless Claims, Non-Farm Pay Rolls and unemployment rate are the key data’s which can affect the market sentiments.

From EURO Zone Unemployment data, Market Manufacturing PMI, Industrial Production, Consumer Confidence, Retail Sales, Inflation Rate and Balance of Trade are expected next week.

In the domestic front RBI policy meet to decide interest rates decisions, CRR, Nikkei Service PMI, Nikkei Manufacturing PMI data’s are expected.  Investors are expecting a moderate rate cut from the new RBI Governor Urjit Patel on his first meeting on August 4th.  It is prudent to take long positions on Nifty options segment than writing options.  Investors should reduce their long and short positions considerably at lower levels till market settles.

From Japan macro data’s like Nikkei Manufacturing PMI, Nikkei Service PMI, Foreign Exchange and from China a lone data which can influence the market is Foreign Exchange Reserves are due.

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ALEX MATHEWS

ALEX MATHEWS

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