Paul Kitney, Chief Equity Strategist at Daiwa Capital Markets shared his views and readings on the global markets.

“The market knew that there is going to be an increase in supply of treasuries coming on due to the deficit finance tax cuts. So we probably saw China and Japan in particular holding back their purchases which lead to weakness in the US dollar,” he said.

Taking about equity markets, he said that the market would have to bear in mind that the United States had been out of deflation for about 18 months.

On rupee front, he said Daiwa was not too concerned about rupee as they expect renewed FDI inflows.

First Published:Apr 23, 2018 8:49 AM IST