Opening Bell 10.10.2014

Your world at 9am

world.2014-10-10

Equities

Major
DAX(DEU) +0.11%
CAC(FRA) -0.64%
UKX(GBR) -0.78%
NKY(JPN) -0.98%
SPX(USA) -2.07%
MINTs
JCI(IDN) -0.58%
INMEX(MEX) -1.03%
NGSEINDX(NGA) -1.03%
XU030(TUR) +3.28%
BRICS
IBOV(BRA) +0.37%
SHCOMP(CHN) -0.36%
NIFTY(IND) +1.50%
INDEXCF(RUS) +0.33%
TOP40(ZAF) +0.16%

Commodities

Energy
Brent Crude Oil -1.77%
Ethanol +0.00%
Heating Oil -0.95%
Natural Gas +0.26%
RBOB Gasoline -1.68%
WTI Crude Oil -1.74%
Metals
Copper +0.00%
Gold 100oz -0.09%
Palladium -1.17%
Platinum -1.42%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.03% USDJPY:+0.02%

MINTs
USDIDR(IDN) +0.11%
USDMXN(MEX) +0.03%
USDNGN(NGA) +0.12%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) +0.89%
USDCNY(CHN) +0.03%
USDINR(IND) -0.55%
USDRUB(RUS) -0.09%
USDZAR(ZAF) -0.01%
Agricultural
Cattle +0.29%
Cocoa +0.00%
Coffee (Arabica) +3.61%
Coffee (Robusta) +0.00%
Corn -0.29%
Cotton -0.03%
Feeder Cattle -0.33%
Lean Hogs -0.46%
Lumber -0.06%
Orange Juice +0.14%
Soybean Meal +0.00%
Soybeans -0.56%
Sugar #11 -1.71%
Wheat +0.30%
White Sugar +0.00%

Credit Indices

Index Change
Markit CDX EM +0.65%
Markit CDX NA IG -2.56%
Markit CDX NA IG HVOL +16.52%
Markit iTraxx Asia ex-Japan IG +2.22%
Markit iTraxx Australia +1.02%
Markit iTraxx Europe -0.05%
Markit iTraxx Europe Crossover +2.83%
Markit iTraxx Japan +1.39%
Markit iTraxx SovX Western Europe -0.69%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) -2.00%
Whiplash so bad that investors will be reaching for their neck braces. SPX crashed overnight and NKY is not doing much better this morning either. US Dollar firmed up overnight as well. Oil continued to get shellacked. This week cannot be over soon enough…

Must Reads

The mop-up crew? Tata Power, ICICI Venture team up for JV to shop for stranded power assets. (ET) [stockquote]TATAPOWER[/stockquote] [stockquote]ICICIBANK[/stockquote]

Everyone hates e-commerce, except consumers. Which means that they must be doing something right. (LiveMint)

Europe is sooo screwed. (Telegraph)

Oil prices sank to their lowest point in nearly four years on Thursday, as traders feared that slowing economies around the world could struggle to soak up steadily growing supplies. Nymex November WTI crude was down as much as 3.7% at $84.06 per barrel, while ICE November Brent was off 3.2% at $88.42, the cheapest since December 2010. (FT)

The US bull market is now more than 5.5 years old and the Fed is retreating. 2014 may be a year of consolidation and digestion. (BV)

Good luck and have a nice weekend!
 
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