Opening Bell 29.04.2014

Your world at 9am

world equity markets 2014-04-29

Equities

Major
DAX(DEU) +0.48%
CAC(FRA) +0.38%
UKX(GBR) +0.22%
NKY(JPN) -0.98%
SPX(USA) +0.32%
MINTs
JCI(IDN) -0.09%
INMEX(MEX) -0.17%
NGSEINDX(NGA) -0.77%
XU030(TUR) +1.63%
BRICS
IBOV(BRA) -0.03%
SHCOMP(CHN) +0.11%
NIFTY(IND) -0.32%
INDEXCF(RUS) +1.49%
TOP40(ZAF) -0.11%

Commodities

Energy
Brent Crude Oil +0.12%
Ethanol +0.00%
Heating Oil +0.14%
Natural Gas -0.63%
RBOB Gasoline +0.06%
WTI Crude Oil +0.01%
Metals
Copper -0.26%
Gold 100oz -0.25%
Palladium -0.20%
Platinum -0.24%
Silver 5000oz -0.30%

Currencies

USDEUR:-0.07% USDJPY:+0.02%

MINTs
USDIDR(IDN) +0.02%
USDMXN(MEX) +0.00%
USDNGN(NGA) +0.10%
USDTRY(TUR) +0.16%
BRICS
USDBRL(BRA) -0.90%
USDCNY(CHN) +0.02%
USDINR(IND) +0.04%
USDRUB(RUS) -0.45%
USDZAR(ZAF) +0.03%
Agricultural
Cattle +0.10%
Cocoa -0.11%
Coffee (Arabica) -3.17%
Coffee (Robusta) -0.66%
Corn +0.59%
Cotton +0.00%
Feeder Cattle +0.11%
Lean Hogs +0.02%
Lumber +0.21%
Orange Juice -1.45%
Soybean Meal +0.00%
Soybeans -0.28%
Sugar #11 -1.40%
Wheat -0.43%
White Sugar -1.07%

Must Reads

Don’t worry, Raghuram Rajan’s job is safe. (LiveMint) He can continue adding to the alphabet soup that is Indian banking regulation. Introducing IBBR – Indian Banks Base Rate – a common rate to which all commercial banks can link their loan rates. This is in addition to LPR, MIBOR, PLR, BPLR… Wonderful! (LiveMint)

Has the great Indian consumption story ground to a halt? HUL volume growth slows to 3% in March quarter; Godrej net profit declines 29%. (LiveMint) [stockquote]HINDUNILVR[/stockquote] [stockquote]GODREJCP[/stockquote]

You must always question the obvious, and consider alternative explanations for what you read and hear. You can’t blindly accept everything you hear as truth, nor can you cynically reject everything. Being able to discern between what is valuable and who is truthful is a critical skill for investors. (Bloomberg)

Good luck!

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