Today, the prospects are not looking that bad, as the US stock indices finished higher after a volatile day. Markets also advanced in Europe and key emerging markets. Oil fell by over $4 per barrel, but turned up later in the day to end virtually flat. Having said that, Asian markets are mostly in the red this morning, though not that much. We see a flat to positive opening and a choppy day ahead.
After a hell of a ride this week, days like Friday the 13th may have no relevance even for the very superstitious. Things have more or less gone by script as we mentioned in the beginning of the week. Except for some worsening inflation numbers nothing else may matter for the day.
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