The 'Santa Claus' rally in global equity markets towards the end of 2011 has extended well beyond the first few weeks of January.
The broadbased S&P 500 index is approaching its 2011 highs on the back of better-than-expected jobs data released on Friday and the US Federal Reserve mandate to keep interest rates near zero until 2014.
European markets too have been moving up along with the euro, which is again above the key 1.3 level versus the dollar, as European leaders are finally sending out a strong message that they are serious about resolving the sovereign debt crisis.
Inflation in emerging market heavyweights China and India is believed to have peaked out and interest rate easing cycle is set to begin. But looking further east, things are not looking so bright in the land of the rising sun - Japan, which faces a lot of headwinds and fundamental challenges in 2012. (firstpost.com)
The 'Santa Claus' rally in global equity markets towards the end of 2011 has extended well beyond the first few weeks of January.
The broadbased S&P 500 index is approaching its 2011 highs on the back of better-than-expected jobs data released on Friday and the US Federal Reserve mandate to keep interest rates near zero until 2014.
European markets too have been moving up along with the euro, which is again above the key 1.3 level versus the dollar, as European leaders are finally sending out a strong message that they are serious about resolving the sovereign debt crisis.
Inflation in emerging market heavyweights China and India is believed to have peaked out and interest rate easing cycle is set to begin. But looking further east, things are not looking so bright in the land of the rising sun - Japan, which faces a lot of headwinds and fundamental challenges in 2012. (firstpost.com)