Opening Bell 01.10.2014

Your world at 9am

world.2014-10-01

Equities

Major
DAX(DEU) +0.55%
CAC(FRA) +1.33%
UKX(GBR) -0.36%
NKY(JPN) +0.26%
SPX(USA) -0.28%
MINTs
JCI(IDN) -0.09%
INMEX(MEX) +0.16%
NGSEINDX(NGA) +0.25%
XU030(TUR) +0.45%
BRICS
IBOV(BRA) -0.93%
SHCOMP(CHN) +0.26%
NIFTY(IND) +0.07%
INDEXCF(RUS) +0.20%
TOP40(ZAF) -0.11%

Commodities

Energy
Brent Crude Oil +0.30%
Ethanol +0.00%
Heating Oil +0.44%
Natural Gas +0.07%
RBOB Gasoline +0.35%
WTI Crude Oil +0.31%
Metals
Copper +0.00%
Gold 100oz -0.23%
Palladium -0.65%
Platinum -1.15%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.13% USDJPY:+0.26%

MINTs
USDIDR(IDN) -0.07%
USDMXN(MEX) +0.21%
USDNGN(NGA) +0.02%
USDTRY(TUR) +0.22%
BRICS
USDBRL(BRA) -0.03%
USDCNY(CHN) -0.01%
USDINR(IND) +0.37%
USDRUB(RUS) +0.39%
USDZAR(ZAF) +0.34%
Agricultural
Cattle -0.11%
Cocoa +0.00%
Coffee (Arabica) +1.62%
Coffee (Robusta) +0.00%
Corn -0.47%
Cotton +0.00%
Feeder Cattle +0.01%
Lean Hogs -0.35%
Lumber +0.09%
Orange Juice +0.66%
Soybean Meal -0.56%
Soybeans -0.52%
Sugar #11 -2.08%
Wheat -0.73%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.71%
Markit CDX NA HY -0.51%
Markit CDX NA IG +2.77%
Markit CDX NA IG HVOL +6.50%
Markit iTraxx Asia ex-Japan IG +4.33%
Markit iTraxx Australia +2.53%
Markit iTraxx Europe +3.31%
Markit iTraxx Europe Crossover +9.43%
Markit iTraxx Japan +1.24%
Markit iTraxx SovX Western Europe +1.14%
Markit LCDX (Loan CDS) -0.06%
Markit MCDX (Municipal CDS) +1.33%
Credit spreads are wider and the USD rally continues. NKY up in the morning. India closed Thursday, Friday and Monday.

Must reads

The RBI decided to maintain status quo on interest rates. Targets 6% inflation by January 2016. (Hindu, #rates)

Companies have reduced the hedging of their foreign exchange exposure. And to paraphrase Rajan: Interest rate maybe a blunt tool but its the only tool I have. “You will say improve supply side on food. What is the way to magically increase food? Find a way to produce food, bring down food inflation. I have no problem. I am not standing in the way of anybody increasing the supply side.” (LiveMint)

The European Union’s consumer prices were just 0.3% higher than in September 2013, as the inflation rate slowed from 0.4% in August. The inflation rate has now been below 1.0% for 12 straight months. (WSJ)

Events that are tragedies at a human level turn out to be irrelevant for investors. Political change, on a global level, has done more to create opportunities than to destroy them. (FT)

Good luck and have a great long weekend. See you Tuesday!

Opening Bell 30.09.2014

Your world at 9am

world.2014-09-30

Equities

Major
DAX(DEU) -0.71%
CAC(FRA) -0.83%
UKX(GBR) -0.04%
NKY(JPN) -1.24%
SPX(USA) -0.25%
MINTs
JCI(IDN) -0.74%
INMEX(MEX) +0.14%
NGSEINDX(NGA) +0.70%
XU030(TUR) +0.07%
BRICS
IBOV(BRA) -4.52%
SHCOMP(CHN) +0.07%
NIFTY(IND) -0.12%
INDEXCF(RUS) -1.81%
TOP40(ZAF) -0.67%

Commodities

Energy
Brent Crude Oil +0.10%
Ethanol +0.00%
Heating Oil -0.19%
Natural Gas -0.53%
RBOB Gasoline +0.14%
WTI Crude Oil -0.12%
Metals
Copper +0.00%
Gold 100oz -0.10%
Palladium +0.06%
Platinum -0.07%
Silver 5000oz -0.43%

Currencies

USDEUR:+0.00% USDJPY:-0.13%

MINTs
USDIDR(IDN) +0.32%
USDMXN(MEX) -0.14%
USDNGN(NGA) -0.18%
USDTRY(TUR) -0.03%
BRICS
USDBRL(BRA) +1.14%
USDCNY(CHN) -0.04%
USDINR(IND) +0.60%
USDRUB(RUS) +0.71%
USDZAR(ZAF) -0.10%
Agricultural
Cattle +0.34%
Cocoa +0.00%
Coffee (Arabica) +2.55%
Coffee (Robusta) +0.00%
Corn +0.00%
Cotton +0.00%
Feeder Cattle +0.34%
Lean Hogs +0.30%
Lumber +1.64%
Orange Juice +0.21%
Soybean Meal +0.00%
Soybeans -0.38%
Sugar #11 +2.08%
Wheat -0.05%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.54%
Markit CDX NA HY -0.62%
Markit CDX NA IG +4.79%
Markit CDX NA IG HVOL +9.61%
Markit iTraxx Asia ex-Japan IG +0.56%
Markit iTraxx Australia +1.00%
Markit iTraxx Europe +4.51%
Markit iTraxx Europe Crossover +18.23%
Markit iTraxx Japan +0.67%
Markit iTraxx SovX Western Europe +0.37%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +6.67%
Credit spreads widen, Hong Kong is in turmoil, SPX down overnight and NKY down this morning. The long-weekend couldn’t come any sooner…

Must reads

Insurance to be free for those below poverty line. Will cover ayurveda, yoga and naturopathy, unani, siddha and homoeopathy drugs. (LiveMint)

Maruti’s Mayank Pareek joins Tata Motors. As a shareholder of Tata Motors, we wish him the very best of luck! (DNA) MARUTI 2,971.00 -91.85 (-3.00%) TATAMOTORS 506.15 4.00 (0.80%)

tl;dr on Modi’s breakfast meet with CEOs. (FP)

If the China slowdown keeps up, it could be disastrous for countries that sell metal and energy to China. (QZ)

Up to half of Earth’s water is older than the sun. (NS)

Good luck!

Opening Bell 29.09.2014

Your world at 9am

world.2014-09-29

Equities

Major
DAX(DEU) -0.20%
CAC(FRA) +0.91%
UKX(GBR) +0.15%
NKY(JPN) +0.43%
SPX(USA) +0.86%
MINTs
JCI(IDN) -0.64%
INMEX(MEX) +0.24%
NGSEINDX(NGA) +0.10%
XU030(TUR) +0.04%
BRICS
IBOV(BRA) +2.23%
SHCOMP(CHN) +0.38%
NIFTY(IND) +0.72%
INDEXCF(RUS) -0.13%
TOP40(ZAF) +0.37%

Commodities

Energy
Brent Crude Oil -0.30%
Ethanol -1.43%
Heating Oil -0.19%
Natural Gas -0.20%
RBOB Gasoline +0.39%
WTI Crude Oil -0.56%
Metals
Copper +0.00%
Gold 100oz +0.30%
Palladium -0.08%
Platinum +0.01%
Silver 5000oz +0.26%

Currencies

USDEUR:+0.04% USDJPY:+0.11%

MINTs
USDIDR(IDN) +0.67%
USDMXN(MEX) +0.23%
USDNGN(NGA) +0.02%
USDTRY(TUR) +0.18%
BRICS
USDBRL(BRA) -0.32%
USDCNY(CHN) +0.17%
USDINR(IND) -0.31%
USDRUB(RUS) +1.78%
USDZAR(ZAF) +0.18%
Agricultural
Cattle +1.96%
Cocoa +0.00%
Coffee (Arabica) +1.51%
Coffee (Robusta) +0.00%
Corn +0.08%
Cotton +0.00%
Feeder Cattle +0.94%
Lean Hogs +1.02%
Lumber +0.12%
Orange Juice +2.32%
Soybean Meal -1.86%
Soybeans -0.27%
Sugar #11 +5.44%
Wheat -0.21%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM -0.54%
Markit CDX NA HY -0.62%
Markit CDX NA IG +4.79%
Markit CDX NA IG HVOL +9.61%
Markit iTraxx Asia ex-Japan IG +0.56%
Markit iTraxx Australia +1.00%
Markit iTraxx Europe +4.51%
Markit iTraxx Europe Crossover +18.23%
Markit iTraxx Japan +0.67%
Markit iTraxx SovX Western Europe +0.37%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +6.67%
Will trouble in Hong Kong spill over to Indian markets? NKY is up this morning and Friday was a green-day. Fingers crossed…

Must reads

RBI wants to keep retail inflation below 8% by January 2015 and 6% by January 2016. So no rate cut. (LiveMint, #rates)

Nearly $1.7 billion has left global emerging market equity funds since September 11 2014, reversing nearly six months’ of inflows. (WSJ)

Household consumption (FMCG) recovered in urban India in May-July but remains weak in rural. (BS)

Amazon’s Jeff Bezos is completely sold on India. (Hindu)

Biyani on e-commerce: is “only technology for getting orders”, doubts logic of putting billions of dollars in e-commerce. (TOI)

Meanwhile, Russia continues to self-destruct. (BI)

Good luck!