Vikas Jain, head of India trading, fixed-income, currencies and commodities at Bank of America, said as foreign investment in Indian bonds heads toward the 10% weight on the JP Morgan bond index next year, the process of discretionary weighting changes would start to play out, creating a more complex trading environment.
European shares close at record high driven by defence stocks
European stocks hit a record high Friday, buoyed by defence and insurance sectors, ending the year on an optimistic note. The STOXX 600 index saw