Europe Finanace Ministers decision on budget deficit to impact markets: Seshadri Bharathan, KSEMA Fincon Ltd
Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about the market.
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| Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about the market.
Perhaps tomorrow morning would have a big trigger come out of the European nation zone really with the Finance Minister meet that’s lined up, what do you think?
Yeah, definitely if you look at, we had last two sessions very rough today. The stability has returned back in the market. Today we are expecting the European Finance Ministers, who are meeting in Brussels, to come out with some declaration which eases of concerns of people because most of them are under this opinion that the growth might slowdown in Europe and we might see recession setting in Europe.
So if they come out and say that they are going to cut the budgetary deficit only in the trouble countries like Greece, Portugal, Spain etc, might give a big relief and we might see some kind of rally happening in markets.
Perhaps tomorrow morning would have a big trigger come out of the European nation zone really with the Finance Minister meet that’s lined up, what do you think?
Yeah, definitely if you look at, we had last two sessions very rough today. The stability has returned back in the market. Today we are expecting the European Finance Ministers, who are meeting in Brussels, to come out with some declaration which eases of concerns of people because most of them are under this opinion that the growth might slowdown in Europe and we might see recession setting in Europe.
So if they come out and say that they are going to cut the budgetary deficit only in the trouble countries like Greece, Portugal, Spain etc, might give a big relief and we might see some kind of rally happening in markets.
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