MARKET EYE WEEKAHEAD-Parliament holds key for Indian shares
* Stock investors in India have their sights fully on the winter session of parliament set to start on Thursday. * The government's will to pass reforms is considered critical to revive stock markets that have faltered over the past month-and-a-half. * The benchmark BSE index rallied 7.7 percent in September when the government announced a slew of measures, including opening up the multi-brand retail sector to foreign investment, that don't require parliament's approval. * However, worries about implementation and the uncertain passage in parliament of other key measures, such as foreign direct investment in pension and insurance, have contributed to a 2.4 percent fall in the BSE index since the start of October. * On the global front, developments in the euro zone as well as on the U.S. "fiscal cliff" could also weigh on sentiment. KEY FACTORS/EVENTS TO WATCH: Mon: Two-day RBI-Asian Development Bank conference Thurs: Winter session of parliament begins Fri: Bank credit, forex reserves data. (firstname.lastname@example.org)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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