Roundup: S&P -0.89%, Dow -0.82%, Nasdaq -0.80%, Gold $1,228.10, London -0.46%, Germany -1.59%, France -1.60%. At pixel: Nikkei +0.69%, Hang Seng -1.51%
Tata Motor’s domestic woes continue. Sales of trucks and buses fell by 45% in December, sales of light commercial vehicles fell by more than half, passenger vehicle sales shrank 34%. (LiveMint) [stockquote]TATAMOTORS[/stockquote]
Many investors expect commodities markets to struggle for a fourth consecutive year in 2014. In industrial metals, aluminum and steel are locked in a chronic surplus, and iron ore and copper are set to join them as production ramps up from megaprojects in Peru, Mongolia, Australia and other countries. It is the same story for agricultural commodities such as corn, whose stockpiles are set to more than double next year in the U.S., and for sugar. (WSJ)
US manufacturing PMI rose to a 11-month high. All three market groups (consumer, intermediate and investment) posted higher levels of output in December, with manufacturers of investment goods posting the fastest rate of increase.
The end of 2013 saw growth of the global manufacturing sector accelerate to a 32-month high. Global manufacturing production expanded for the fourteenth straight month in December. Moreover, the pace of increase was the fastest since February 2011, as the growth rate of new orders held broadly steady at November’s 33-month record. New export orders rose for the sixth month running.
If you had picked the best stock to buy every day you could have turned $1000 into $264 billion by mid December. That is a 26.4 billion percent return. Did you even get a 1 billion percent return? How about 1 million percent? 1000%? 100%? (DragonflyCap)
Good luck and have a nice weekend!