Opening Bell 26.02.2014

Your world at 9am

world markets

Equities

Major
DAX(DEU) -0.10%
CAC(FRA) -0.10%
UKX(GBR) -0.52%
NKY(JPN) -0.13%
SPX(USA) -0.13%
MINTs
JCI(IDN) -0.44%
INMEX(MEX) -2.05%
NGSEINDX(NGA) +1.17%
XU030(TUR) -3.28%
BRICS
IBOV(BRA) -1.43%
SHCOMP(CHN) +0.04%
NIFTY(IND) +0.23%
INDEXCF(RUS) -0.70%
TOP40(ZAF) -1.02%

Currencies

USDEUR:+0.05% USDJPY:+0.11%

MINTs
USDIDR(IDN) +0.02%
USDMXN(MEX) +0.04%
USDNGN(NGA) -1.15%
USDTRY(TUR) -0.04%
BRICS
USDBRL(BRA) -0.00%
USDCNY(CHN) +0.04%
USDINR(IND) -0.17%
USDRUB(RUS) +0.56%
USDZAR(ZAF) +0.09%

Must Reads

Consumer goods and retail companies report the steepest decline in sales (-9.4%) in 24 quarters in December quarter. The festival season was a damp squib. (LiveMint)

Jain Irrigation Systems: “We have taken a decision to enter the spice processing business.” (ET) [stockquote]JISLJALEQS[/stockquote]

After driver-less aircraft and driver-less cars, here come the driver-less cargo ships. Rolls-Royce is designing unmanned cargo ships. The company claims that drone ships would be safer, cheaper and less polluting and might be deployed in regions such as the Baltic Sea within a decade. (Bloomberg)

Richard Feynman: “I believe that a scientist looking at nonscientific problems is just as dumb as the next guy.” Entirely competent and sensible people looking at problems outside their own knowledge base end up looking dumb. IQ gets lost in nuance. (Pando)

The front-loading of life insurance policies globally rests on two arguments. One, this is a product not bought but sold. Two, the difficult job of convincing people to buy life insurance (for their own good) makes high first-year commissions a basic need. However, the global growth of online insurance could be proving many of the traditionally held beliefs wrong, and could just be moving insurance to be true to its disclaimer—that it needs to be sought and not sold. (LiveMint)

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