Global Markets
Markets face rough summer ride
For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months. Full Article
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MARKET EYE-Hindustan Copper falls to daily limit after share sale
* Shares in state-run Hindustan Copper falls 20 percent, to their maximum daily limit for the second day after government's stake sale. * India raised 8.1 billion rupees ($147 million) by selling shares of Hindustan Copper on Friday, kick-starting a stalled divestment programme that is crucial to reining in a ballooning fiscal deficit. * Dealers say spot market prices are inching closer to the weighted average price of 156.56 rupees in the recently concluded offer for sale. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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