Sunder’s List

Roundup: Dow -0.10%. S&P -0.18%. London +0.16%. Germany -0.32%. France +0.07%. Gold +0.38%.

Gold futures extended their decline to a fourth-straight session Monday. For February delivery, gold fell $3.70, or 0.2%, to settle at $1,652.90 an ounce on Comex. (MW) [stockquote]GOLDBEES[/stockquote]

 

 

Four risks facing the Indian markets according to Merrill (ET):

  1. RBI’s monetary policy review today
  2. Union Budget 2013
  3. Decision on FDI and FII limits in the insurance sector
  4. Karnataka assembly elections in May

Rate-cut is not a given? “Given the preponderance of non-monetary factors behind the current slowdown in an environment where risks from high inflation, current account and fiscal deficits still remain, the scope for supportive monetary policy action is constrained.” (ET)

Will Nano Diesel power Tata Motors’ turnaround in India? In December, the company reported a 28% drop in sales from the year-earlier period. (Mint) [stockquote]TATAMOTORS[/stockquote]

Goldman Sachs: The steel market is still troubled, and the recent rally in steel company shares a mistake. They are also pessimistic on aluminum. (Yahoo)

Iceland won a legal battle to avoid being forced to pay back the British and Dutch governments for not honoring deposit guarantees for savers in failed online banking operation Icesave. When Iceland refused to compensate UK and Dutch depositors four years ago, the UK and Dutch governments had paid the savers and claimed the money back from Iceland. (FT)

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