Thursday, 21 March 2013

MARKET OUTLOOK 21 MARCH 2013

Wall street extened gains on wednesday on evidence that the U.S. labour market is recovering as Fed Maintains $85 Billion of Monthly Asset Purchases. The Fed is seen to boost the pace of growth and heal a job market stilll scarred by the deepest recession since the great depression and would leave its key interest rate near zero as long as unemployment rate remains above 6.5% and the outlook for inflation is less than 2.5%.

Quantitative Easing will lead to smart money following towards asia and thus beneifitng our local stock market(be it penny or blue chips). We expects to see some sizzling action in the penny market today.

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