Opening Bell 28.11.2014

Your world at 9am

world.2014-11-28

Equities

Major
DAX(DEU) +0.60%
CAC(FRA) +0.20%
UKX(GBR) -0.09%
NKY(JPN) +0.92%
SPX(USA) +0.28%
MINTs
JCI(IDN) -0.25%
INMEX(MEX) +0.01%
NGSEINDX(NGA) +0.35%
XU030(TUR) +0.62%
BRICS
IBOV(BRA) -0.68%
SHCOMP(CHN) +0.33%
NIFTY(IND) +0.22%
INDEXCF(RUS) -0.37%
TOP40(ZAF) +0.35%

Commodities

Energy
Brent Crude Oil -0.12%
Ethanol +1.85%
Heating Oil -4.42%
Natural Gas -3.12%
RBOB Gasoline -6.04%
WTI Crude Oil -6.41%
Metals
Copper -0.95%
Gold 100oz -1.05%
Palladium -0.17%
Platinum -1.32%
Silver 5000oz -2.59%

Currencies

USDEUR:+0.07% USDJPY:+0.42%

MINTs
USDIDR(IDN) +0.21%
USDMXN(MEX) +0.06%
USDNGN(NGA) +0.03%
USDTRY(TUR) +0.05%
BRICS
USDBRL(BRA) +1.18%
USDCNY(CHN) +0.12%
USDINR(IND) +0.04%
USDRUB(RUS) +3.24%
USDZAR(ZAF) +0.16%
Agricultural
Cattle -0.56%
Cocoa +0.00%
Coffee (Arabica) -0.82%
Coffee (Robusta) +0.00%
Corn +0.93%
Cotton +0.00%
Feeder Cattle -0.38%
Lean Hogs -0.06%
Lumber +0.06%
Orange Juice +0.03%
Soybean Meal +3.13%
Soybeans -0.12%
Sugar #11 +0.81%
Wheat +1.67%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.06%
Markit CDX NA HY +0.15%
Markit CDX NA IG -0.47%
Markit iTraxx Asia ex-Japan IG -1.03%
Markit iTraxx Australia +0.06%
Markit iTraxx Europe -0.07%
Markit iTraxx Europe Crossover -6.53%
Markit iTraxx Japan -0.43%
Markit iTraxx SovX Western Europe -0.19%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) -0.37%
Oil got crushed on OPEC’s challenge to US shale. At oil in the low 70′s, most renewable energy projects are underwater. Gold and silver continued their downward journey…

Must reads

Good news of ETF investors: bid-ask spreads on most ETFs are likely to be less than 35p thanks to NSE’s liquidity enhancement scheme. (NSE)

OPEC members rejected calls for drastic cuts to their oil output, keeping their production ceiling unchanged. Oil tumbled below $70, currencies of major oil producing countries slid, and Venezuela, Nigeria and Iran are so screwed. (WSJ, FT)

Sliding cotton prices could be a headwind for companies that sell cotton seeds next fiscal year. On watch: Kaveri Seeds. (LiveMint) KSCL 858.00 -10.70 (-1.23%)

The next coal scam in the making? (ET, #scam)

Finally: Small finance, payments banks. (FP)

Good luck and have a nice weekend!

Opening Bell 27.11.2014

Your world at 9am

world.2014-11-27

Equities

Major
DAX(DEU) +0.55%
CAC(FRA) -0.20%
UKX(GBR) -0.03%
NKY(JPN) -0.29%
SPX(USA) +0.28%
MINTs
JCI(IDN) +0.21%
INMEX(MEX) +0.70%
NGSEINDX(NGA) +1.37%
XU030(TUR) +0.90%
BRICS
IBOV(BRA) -0.83%
SHCOMP(CHN) +0.66%
NIFTY(IND) +0.15%
INDEXCF(RUS) +0.51%
TOP40(ZAF) -0.35%

Commodities

Energy
Brent Crude Oil -1.41%
Ethanol +0.00%
Heating Oil -1.11%
Natural Gas -0.37%
RBOB Gasoline -1.13%
WTI Crude Oil -1.19%
Metals
Copper +0.44%
Gold 100oz -0.15%
Palladium +0.32%
Platinum -0.15%
Silver 5000oz -1.02%

Currencies

USDEUR:+0.03% USDJPY:-0.17%

MINTs
USDIDR(IDN) +0.04%
USDMXN(MEX) -0.03%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) -1.13%
USDCNY(CHN) -0.03%
USDINR(IND) -0.03%
USDRUB(RUS) +2.20%
USDZAR(ZAF) +0.07%
Agricultural
Cattle -0.60%
Cocoa +0.00%
Coffee (Arabica) -0.82%
Coffee (Robusta) +0.00%
Corn +0.00%
Cotton +1.91%
Feeder Cattle -0.23%
Lean Hogs -0.25%
Lumber -0.36%
Orange Juice +0.03%
Soybean Meal +0.00%
Soybeans +0.00%
Sugar #11 +0.81%
Wheat +0.00%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM +0.14%
Markit CDX NA HY +0.06%
Markit CDX NA IG -0.63%
Markit iTraxx Asia ex-Japan IG -0.22%
Markit iTraxx Australia -0.60%
Markit iTraxx Europe -0.03%
Markit iTraxx Europe Crossover -3.17%
Markit iTraxx Japan -1.74%
Markit iTraxx SovX Western Europe -0.12%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.00%
Sideways drift continues as US markets enjoy their Thanksgiving weekend and snow-storms…

Must reads

Amazon.com is in an initial-stage discussion to acquire Jabong.com, backed by Rocket Internet, in a deal worth about $1.2 billion. (BS)

AG tells govt not to appeal Vodafone tax dispute ruling. (LiveMint)

Every third mobile sold in India is a smartphone. (ET)

EU wants to build bridges to nowhere. (MW)

Without a model that connects econometric output to decision-making, we’re just a bunch of idiot savants predicting pop-tart sales. (WW, StockViz)

Good luck!

Opening Bell 26.11.2014

Your world at 9am

world.2014-11-26

Equities

Major
DAX(DEU) +0.77%
CAC(FRA) +0.32%
UKX(GBR) +0.02%
NKY(JPN) -0.07%
SPX(USA) -0.12%
MINTs
JCI(IDN) +0.06%
INMEX(MEX) -0.58%
NGSEINDX(NGA) +0.71%
XU030(TUR) +0.35%
BRICS
IBOV(BRA) +0.28%
SHCOMP(CHN) +0.85%
NIFTY(IND) -0.79%
INDEXCF(RUS) +0.00%
TOP40(ZAF) -0.38%

Commodities

Energy
Brent Crude Oil -0.13%
Ethanol +0.00%
Heating Oil +0.65%
Natural Gas +0.68%
RBOB Gasoline +0.05%
WTI Crude Oil -0.28%
Metals
Copper +0.32%
Gold 100oz +0.09%
Palladium -0.36%
Platinum -0.37%
Silver 5000oz +0.16%

Currencies

USDEUR:+0.00% USDJPY:-0.14%

MINTs
USDIDR(IDN) +0.03%
USDMXN(MEX) +0.02%
USDNGN(NGA) +0.08%
USDTRY(TUR) +0.09%
BRICS
USDBRL(BRA) -0.63%
USDCNY(CHN) -0.04%
USDINR(IND) -0.06%
USDRUB(RUS) +2.69%
USDZAR(ZAF) +0.02%
Agricultural
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) +3.03%
Coffee (Robusta) +0.00%
Corn +0.40%
Cotton +0.00%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber -0.15%
Orange Juice -0.27%
Soybean Meal +0.54%
Soybeans -0.10%
Sugar #11 +0.00%
Wheat +0.45%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.22%
Markit CDX NA HY +0.42%
Markit CDX NA IG -2.27%
Markit CDX NA IG HVOL +0.00%
Markit iTraxx Asia ex-Japan IG -2.55%
Markit iTraxx Australia -1.75%
Markit iTraxx Europe -1.74%
Markit iTraxx Europe Crossover -9.37%
Markit iTraxx Japan +0.00%
Markit iTraxx SovX Western Europe -0.96%
Markit LCDX (Loan CDS) -0.01%
Markit MCDX (Municipal CDS) -0.20%
Was yesterday’s sell-off a reaction to SEBI’s new P-Note rules? If that is the case, then this sell-off isn’t done…

Must reads

Proposed: ban on sale of loose cigarettes, raising minimum age to buy tobacco products to 25 years. (DNA) ITC 362.70 2.10 (0.58%) GODFRYPHLP 616.95 6.20 (1.02%) VSTIND 1,845.00 34.90 (1.93%) GOLDENTOBC 37.65 1.60 (4.44%)

FPIs will have to combine stocks held via ODIs (mostly participatory notes) with their own holdings. The new rule may result in many FPIs breaching the 10% ownership limit in Indian companies. (LiveMint, #SEBI, #regulation)

Citi analyst identified companies, on which he had Hold or Neutral ratings, as “short” picks in “idea” dinners. (BV)

Given radical changes in the constituents of an index, is it appropriate to use the index’s historical metrics–its historical earnings, growth rates, valuations, profit margins, returns on equity, and so on–to draw conclusions about what the index’s future performance is likely to be? (PE)

Bloviators vs. experts. (KV)

Good luck!