Roundup: Dow +1.61% to 12791. S&P +1.95%. Nasdaq +2.2%. Crude +2.53% to $89.12. Gold +1.03% to $1732.35. London +1.06%. Germany +1.14%. France +1.69%.
How about a Nifty bull-call ratio spread? Feeling lucky? (ET)
Sahara sold $3 billion in bonds to 22 million rural customers claiming that it was a “private placement.” (WSJ)
Moody’s downgrades France from AAA to Aa1 with a negative outlook. (Moody’s)
Half of America’s 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next. Business investment in equipment and software stalled in the third quarter for the first time since early 2009. (WSJ)
Not only do we have “steal” ministers, but we also have a steel minister – and god forbid if the news cycle misses what he has to say: “Though two-third of the country’s population lives in villages, steel consumption in rural areas in only 85 lakh tonne which is 13% of the national average.” Let them eat cake. (ET)