Roundup: S&P +0.18%, Dow +0.23%, Nasdaq +0.30%, Gold at $1,577.40. London +0.18%. Germany +0.26%. France +0.53%.
Tata Motors cuts down production due to lower sales and inventory pile-up at dealerships and stockyards. (ET) [stockquote]TATAMOTORS[stockquote]
Gold is by no means in shortage. However, gold is a tangible store of wealth to make the transition from the present to the future monetary system. (AE) And investors have been liquidating gold ETF positions. (FT) [stockquote]GOLDBEES[stockquote]
NSE is tweaking the way option strikes are set. The step-value applicable for each stock will be determined based on the volatility of the underlying stock and the step value will be reviewed and if necessary revised on a quarterly basis. (ET)
Colagate is planning a two-for-one stock split and a 10% increase in its dividend. [stockquote]COLPAL[stockquote]
Ritholtz takes a swing on WSJ: “Over the years, I have mocked the WSJ OpEd pages as filled with drunks and cads hell bent on losing you money. Boskin is a classic example of why you should never let anyone’s politics influence your investing. He is part of the reason why I quarantined money-losers like the WSJ OpEd pages.” (TBP)
Good luck and have a nice weekend!