NEW DELHI: Investors are likely to remain on edge over the proposed US framework on Greenland, and near-term volatility related to this issue can continue, a report has said.
The report from Bank of Baroda said that market participants are awaiting more details that could determine whether negotiations succeed or unravel.
"Going ahead, investors are likely to await more details of the deal, as there are a few sticking points which can derail the negotiations. Hence, some volatility can be expected, " the report said.
Several analysts expect the arrangement to resemble an update of the existing security agreement between the US and Denmark, which was signed in 1951, the report noted.