Sunder’s List

platinum

platinum (Photo credit: mdxdt)

You can soon start trading Brazil and Russia index futures from the comfort of your home: Five of the world’s leading emerging market indices, will start to cross list their derivative indices from March 30, in a bid to expand their product offerings beyond their home markets. (ET)

Investors are turning towards riskier assets amid stronger economic data from the US and Europe. That shift has pushed gold to its lowest level in two months as economic data damp hopes of a third round of “quantitative easing” in the US. Platinum, on the other hand, which is used by the automotive industry in catalytic converters that clean exhaust fumes, has benefited from the improved economic outlook as well as supply disruptions in South Africa, the largest producer. (FT)

But don’t sell gold [stockquote]GOLDBEES[/stockquote] just yet. The time to sell gold will be when fear about government debts reaches a crescendo. (PragCap)

As China slows down: car sales are down, cement production is down, steel production is down, construction stocks are down (Bloomberg), US long-term interest rates go higher as China does not have the investable dollars it once had. So it is no longer buying US Treasuries at the previous fast pace. (FT)

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