Global stocks: What is the reason for this optimism?

[vgane]

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There seems to be no impact of Brexit even in UK>>>Has the world turned around the corner?

Stocks, past month

Brazil: +12%
Germany: +7.6%
Japan: +6%
France: +6%
UK: +5.7%
Italy: +5.6%
India: +5%
US: +4.2%
Russia: +3%
China: +1.7%

Source:The Int'l Spectator

 

[krish44]

It may be a rise before a crash.

In india rise is on account huge liquidity inflow due to FII limit increase to 15% besides imminent tabling of GST next week in rajyasabha.

Brexit issue will not end now. It will take more than 2 months for the total effect to be felt over europe.

Everything depends on aspirations of smaller countries in EU to get away from clutches of germany and france and the refugee crisis spoiling the party in europe.

Most analysts think that worse days are ahead with oil prices plunging still lower to 35 dollars a barrel and a world flush with liquidity with no takers.

That explains FII inflow into india and cash rich private individuals mostly indian NRIs pumping in money.

Indian economy is not taking off.

Everyone is looking at the skies for monsoon and hoping desperately for rural growth in agriculture.

So far it is only floods and destruction all over india