Asian markets gyrated between red & blue as opinion polls reacted to counting of results in the US. With most asset classes seeing huge open positions, today will see extreme volatility in most markets.
Expect currencies, bonds equities & precious metals to react sharply as the largest economy in the world chooses its new leade
In a swift move that caught India unaware, the Government of India decided overnight that the five hundred and one thousand rupee notes will no longer be legal tender from midnight, 8th November 2016. While the move is of historic significance, the impact on a country driven a lot by the cash economy remains to be seen. This move is described as a fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes. India will soon see new currency notes of Rs. 2000 and Rs.500.
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