OUTLOOK
The global mixed are on mixed terrain and we may see our markets opening on a flat note today.
It's all about Europe right now and the main question related to whether or not the politicians have the resolve or the ability to rescue Greece and whether or not the contagion spreads beyond Greece. It is quite unclear right now whether the politicians do indeed have the ability to put some sort of rescue together.
All other asset classes are also facing the pressure with Euro crisis heating up the dollar index is also going up. this is further putting pressure on our equity markets and other currencies also. a bubble like situation is also felt by the investors in gold whic is anotherreason for the huge dollar demand.
We remain cautious on markets
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