💼 Both geopolitical and economic news are likely to weigh on markets in the near-term.
💼 A serious concern is a potential Russian retaliation to the recent Ukraine attacks on Russian planes.
💼 How serious this will be and what will be its consequences are unknown factors now.
💼 The major economic news is the sharp dip in the US ISM PMI data. This indicates that the US economy is slowing down sharply.
💼 The US 10-year bond yield has declined to 4.36% and, given the slowing US economy, is likely to trend lower. This will turn out to be good for EMs like India in the medium term, but the spike in uncertainty will keep the market within the present range for the near-term.
💼 Buy on dips continues to be the ideal strategy now.
💼 Rate sensitives will be preferred in view of the expected rate cut by the MPC on 8th June.
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Posted on : 05 Jun 2025 9:56 AM
