Budget 2010 – Pragmatically progressive

February 26, 2010

The market’s rally post the budget reflects a realistic and progressive F2011 budget. The government is achieving fiscal consolidation program which is positive for earnings growth and market performance. The key risk factors in what seems to be a very strong growth environment are a combination of rising inflation and fragile risk appetite.

Yield curve flattening is likely more certain – the government’s market net borrowing is Read more