World Markets Today: Volatile, range bound on Fed’s policy

30 Mar, 2015 (8:06AM IST)

Mar 29, 2015, (10:35 PM EDT)

On Friday last, the Fed Chair Janet Yellen again spoke about the central bank’s rate hike plans and gave contradictory signals. She reiterated that a hike in interest rates is possible later this year but weakening inflation could delay rate hikes.

In geopolitical situations, Crude oil prices are dipping after Saudi Arabia’s air strike on Yemen. Asian markets are trading with mixed numbers, high volatility and smaller range on these worrisome signals.

Right now Asian markets are trading mixed and U.S. and European stock futures are hovering between red and green zone. SGX Nifty is slightly positive on drop in Crude prices.

The trend is weak in global markets and it will continue to do so. Markets are expected to remain range bound in early session and trade with choppiness. Once European markets start opening, the trend might become clearer. Any index trading below last session’s low point will face selling pressure.

Good luck, trade safely.

See you later.

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