By Ambareesh Baliga
Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
It was a good week for the bulls worldwide after Fed Chair Janet Yellen indicated that the U.S. central bank's rate increase will continue to be gradual, which means the era of cheap money won’t end anytime soon. Risk-on sentiment prevailed in emerging markets as a result.
The Nifty gained 1.5 percent during the week to end at 9,666 after several sessions of consolidation as investors took the rollout of India’s new tax system in their stride. Positive monsoon data also lifted sentiments. Markets continued to ignore geopolitical tensions due to North Korea’s missile test and the border row between India and China. Macro data also continues to be a cause of concern but liquidity continues to be high.