Holi Bell 06.03.2015

Your world at 9am

world.2015-03-06

Equities

Major
DAX(DEU) +1.00%
CAC(FRA) +0.94%
UKX(GBR) +0.61%
NKY(JPN) +1.00%
SPX(USA) +0.12%
MINTs
JCI(IDN) +0.22%
INMEX(MEX) +0.79%
NGSEINDX(NGA) -0.82%
XU030(TUR) -1.85%
BRICS
IBOV(BRA) -0.20%
SHCOMP(CHN) +0.13%
NIFTY(IND) +0.17%
INDEXCF(RUS) +0.07%
TOP40(ZAF) +0.77%

Commodities

Energy
Brent Crude Oil +0.86%
Ethanol +0.00%
Heating Oil +0.54%
Natural Gas -0.32%
RBOB Gasoline +0.66%
WTI Crude Oil +0.61%
Metals
Copper +0.00%
Gold 100oz +0.00%
Palladium +0.42%
Platinum +0.07%
Silver 5000oz +0.24%

Currencies

USDEUR:+0.06% USDJPY:-0.08%

MINTs
USDIDR(IDN) +0.03%
USDMXN(MEX) -0.02%
USDNGN(NGA) +0.00%
USDTRY(TUR) -0.08%
BRICS
USDBRL(BRA) +0.78%
USDCNY(CHN) -0.03%
USDINR(IND) -0.15%
USDRUB(RUS) -0.28%
USDZAR(ZAF) -0.23%
Agricultural
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) -0.48%
Coffee (Robusta) +0.00%
Corn -0.26%
Cotton +0.00%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber +0.00%
Orange Juice +0.00%
Soybean Meal -0.12%
Soybeans +0.10%
Sugar #11 +0.60%
Wheat +0.00%
White Sugar +0.00%

Must reads

ECB will buy bonds that carry a negative yield, as long as that doesn’t fall below the rate it charges banks on deposits, which is -0.20%. (WSJ)

Infosys and Wipro in fight to renew Rs 12,000 crore outsourcing contract that will expire this year. Last time around, HCL Tech ate their lunch. (ET) HCLTECH 0.00 0.00 (0.00%) INFY 0.00 0.00 (0.00%) WIPRO 666.90 7.40 (1.12%)

Will we soon have FDI in retail? (LiveMint)

Indian GDP numbers: did bureaucrats take something that was not broken and fix it until it was? (FT)

EPFO will once again consider diversifying its investment pattern to park 5-15% of its corpus in equity and infrastructure trusts. (ET)

Goldman: “The twin forces of regulation and technology are opening the door for an expanding class of competitors to capture profit pools long controlled by banks.” (FT)

Good luck and have a nice long weekend!

Opening Bell 05.03.2015

Your world at 10am

world.2015-03-05

Equities

Major
DAX(DEU) +0.98%
CAC(FRA) +0.99%
UKX(GBR) +0.44%
NKY(JPN) +0.17%
SPX(USA) -0.44%
MINTs
JCI(IDN) +0.17%
INMEX(MEX) -0.59%
NGSEINDX(NGA) +0.05%
XU030(TUR) -2.90%
BRICS
IBOV(BRA) -1.63%
SHCOMP(CHN) -1.00%
NIFTY(IND) -0.82%
INDEXCF(RUS) -2.67%
TOP40(ZAF) -0.49%

Commodities

Energy
Brent Crude Oil -0.08%
Ethanol +0.00%
Heating Oil -0.39%
Natural Gas +0.47%
RBOB Gasoline -0.10%
WTI Crude Oil +0.45%
Metals
Copper +0.00%
Gold 100oz +0.08%
Palladium +0.04%
Platinum +0.32%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.07% USDJPY:+0.09%

MINTs
USDIDR(IDN) +0.25%
USDMXN(MEX) -0.08%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.05%
BRICS
USDBRL(BRA) +1.64%
USDCNY(CHN) -0.05%
USDINR(IND) +0.10%
USDRUB(RUS) +0.10%
USDZAR(ZAF) -0.11%
Agricultural
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) +3.52%
Coffee (Robusta) +0.00%
Corn +0.00%
Cotton +0.00%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber -1.17%
Orange Juice -3.61%
Soybean Meal -0.18%
Soybeans +0.10%
Sugar #11 -0.74%
Wheat -0.35%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.07%
Markit CDX NA HY -0.16%
Markit CDX NA IG +0.99%
Markit iTraxx Asia ex-Japan IG +3.54%
Markit iTraxx Australia -0.27%
Markit iTraxx Europe +0.41%
Markit iTraxx Europe Crossover +1.52%
Markit iTraxx Japan +0.02%
Markit iTraxx SovX Western Europe +0.62%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.10%
Welcome to the doldrums…

Must reads

Rajan’s second successive inter-policy rate cut yesterday doesn’t seem to have gone down well with many analysts. (NDTV, #rates)

NSE and BSE may launch commodity derivatives trading. (LiveMint) MCX 0.00 0.00 (0.00%)

Gold bugs rejoice: Each Apple watch may contain less than half a troy ounce of gold. At around 50,000 units a month, that would mean Apple would have to buy about 9 tons of gold a year. (WSJ)

The East India Company remains history’s most terrifying warning about the potential for the abuse of corporate power – and the insidious means by which the interests of shareholders become those of the state. (Guardian)

Good luck!

Opening Bell 04.03.2015

Your world at 9am

world.2015-03-04

Equities

Major
DAX(DEU) -1.14%
CAC(FRA) -0.98%
UKX(GBR) -0.74%
NKY(JPN) -0.77%
SPX(USA) -0.45%
MINTs
JCI(IDN) -0.54%
INMEX(MEX) -0.67%
NGSEINDX(NGA) +1.10%
XU030(TUR) +0.48%
BRICS
IBOV(BRA) +0.56%
SHCOMP(CHN) +0.36%
NIFTY(IND) +0.44%
INDEXCF(RUS) +1.37%
TOP40(ZAF) +0.43%

Commodities

Energy
Brent Crude Oil -0.54%
Ethanol +0.00%
Heating Oil -0.69%
Natural Gas +0.52%
RBOB Gasoline -0.51%
WTI Crude Oil +0.20%
Metals
Copper +0.37%
Gold 100oz +0.17%
Palladium -0.20%
Platinum -0.29%
Silver 5000oz +0.01%

Currencies

USDEUR:+0.00% USDJPY:-0.11%

MINTs
USDIDR(IDN) -0.03%
USDMXN(MEX) -0.09%
USDNGN(NGA) +0.31%
USDTRY(TUR) +0.07%
BRICS
USDBRL(BRA) +1.25%
USDCNY(CHN) -0.04%
USDINR(IND) +0.08%
USDRUB(RUS) +0.04%
USDZAR(ZAF) -0.09%
Agricultural
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) -0.70%
Coffee (Robusta) +0.00%
Corn -0.07%
Cotton +0.00%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber -0.14%
Orange Juice -6.19%
Soybean Meal +0.00%
Soybeans -0.07%
Sugar #11 -1.32%
Wheat -0.69%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM +0.01%
Markit CDX NA IG -0.54%
Markit iTraxx Asia ex-Japan IG -1.45%
Markit iTraxx Australia -0.74%
Markit iTraxx Europe +0.77%
Markit iTraxx Europe Crossover +3.39%
Markit iTraxx Japan -0.41%
Markit iTraxx SovX Western Europe -0.80%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.00%
RBI cuts rate again by 25 bps to 7.5%

Must reads

Extreme buy-and-hold: A US fund bought equal amounts of stock in 30 major U.S. corporations in 1935 and hasn’t picked a new stock since. The fund has beaten 98% of its peers (large value funds.) (Reuters)

Forget beef, Hogs are in! (LiveMint)

NSEL scam, big guns arrested: Amit Rathi, director of Anand Rathi Financial Services Ltd, C P Krishnan, whole-time director of Geojit Comtrade Ltd, and Chintan Modi, director of India Infoline Ltd (IIFL). (DNA, #scam)

Grosvenor House, which was supposed to be bail-money for Subrata Roy, is being liquidated by lenders due to breaches of financial covenants. (TOI)

Suzlon: 6 years of losses. Better times ahead? (FP) SUZLON 26.40 1.15 (4.55%)

Good luck!