Friday, March 11, 2011

Weakness may persist

The ongoing crisis in Libya was not enough to disturb the world indices. Reports of police firing on protesters in Saudi Arabia revived fears of further unrest in the world's top exporter. Adding to the negative tone, a ratings agency's downgrade of Spain reignited euro-zone debt concerns, and disappointing economic data from China and the United States heightened global growth worries. Global weakness may continue to haunt the Indian markets in trade today. The start is expected to be weak owing to slew of negative news across the globe. Oil prices will continue to be a major concern in the markets.

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