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Mkts eyes foreign investor trends in holiday-shortened week
The Business Guardian
|March 04, 2024
Analysts anticipate several key factors to influence investor sentiment in the upcoming week, amidst a shortened trading period due to the holiday.
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These factors include global market trends, foreign investor activity, and domestic macroeconomic announcements. The previous week witnessed a remarkable surge in benchmark indices, fueled by robust GDP figures. However, trading activities will pause on Friday in observance of Mahashivratri.
Market participants are keenly awaiting significant events, including the release of the US services PMI on March 5, 2024, and testimony from US Fed Chair Powell, along with the US unemployment rate data on March 8. The upward trend in crude oil prices is noted, with caution about any potential negative surprises affecting market sentiment.
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