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Shakes and quakes

Uncertainty results in a lot of twists and turns. The rollercoaster ride will go on

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Demonstrators turned out in thousands to protest against US President-elect Donald Trump. Pic/AFP
Demonstrators turned out in thousands to protest against US President-elect Donald Trump. Pic/AFP

It has been a past few days of high volatility. Nifty made a low at 8005 but managed to close at 8296 on Friday. Current volatility may continue because of uncertainties over Donald Trump’s foreign policies, more spending which may lift inflation and a subsequent move by Fed to increase interest rates. On Friday, global bonds markets lost more than $1 trillion. The Mexican currency PESO hit record lows over Trump’s foreign policy concerns.

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