Michael Kurtz, chief-Asia Equity Strategist, Nomura, says Brent Crude is just one of the news that seem to be have a steep effect on the markets, but ends up not rising enough to be very risky.
Janet Yellen, chair, US Federal Reserve announced very remarkably unremarkable FOMC minutes, says Michael Kurtz, chief-Asia Equity Strategist, Nomura.
Speaking to CNBC-TV18 on the FOMC minutes, Kurtz says the Fed chief has dodged a bullet as she didn't offer any particular commentary to lead the market to believe that Fed is even remotely inclined to hike the pace of tightening.
The Fed on Wednesday Fed pushed ahead with its plans to wind down its quantitative easing, reducing its monthly asset purchases from USD 45 billion to USD 35 billion beginning in July- something that was widely expected.
On the other news hogging all limelight-crude- Kurtz says it is just one of the news that seem to be have a steep effect on the markets, but ends up not rising enough to the risk levels.
"Brent crude is nowhere near a level that we would indicate as a market dampener. Yet," he adds.
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