Today,after four successive days of losses, Yes We Can look forward to a bright start and hopefully an upbeat close to the week as well. All thanks to the overnight gains on Wall Street, which put up a sterling performance after Q3 GDP growth came in ahead of estimates. The Dow finished up nearly 200 points in the biggest one-day point jump since July 15. European stock indexes too finished with gains.
Markets are higher across Asia but lag Wall Street's gains. So, it’s a no-brainer that we will also open with a gap.Don’t get carried away, as there are still worries on whether the ‘V’ shape recovery can continue without any hiccups.
Whatever growth is happening in the economies that were hit badly is largely due to government stimulus.It is not clear as to what will happen once that starts to unwind though the same is going to take place gradually. Real growth, driven by household and corporate demand is yet to return to pre-crisis levels.
Markets are higher across Asia but lag Wall Street's gains. So, it’s a no-brainer that we will also open with a gap.Don’t get carried away, as there are still worries on whether the ‘V’ shape recovery can continue without any hiccups.
Whatever growth is happening in the economies that were hit badly is largely due to government stimulus.It is not clear as to what will happen once that starts to unwind though the same is going to take place gradually. Real growth, driven by household and corporate demand is yet to return to pre-crisis levels.
