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| Global markets is likely to remain rangebound in the backdrop of festive season Global equity markets edged higher after better than expected economic data fulled optimism regarding the potential economic growth of US in 2011.Further, European leaders in Brussels agreed to set a permanent bailout fund for debt-stricken countries in the region by 2013 supported investors sentiments. European Central Bank also said it will increase its capital base by Euros 5 billion (USD 6.6 billion) to Euro 10.76 billion. Looking ahead to next week, Further, global market is likely to remain rangebound on lightly traded Christmas and New year week with low market participation prompting limited reaction to the week's economic data including house price data, pending home sales from US and money supply, housing prices and GfK consumer confidence from Europe. |
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