Opening Bell 12.10.2015

Your world at 9am

world.2015-10-12

Equities

Major
DAX(DEU) +1.04%
CAC(FRA) +0.54%
UKX(GBR) +0.65%
NKY(JPN) +1.64%
SPX(USA) +0.07%
MINTs
JCI(IDN) +1.02%
INMEX(MEX) +0.67%
NGSEINDX(NGA) +0.14%
XU030(TUR) +0.78%
BRICS
IBOV(BRA) +0.47%
SHCOMP(CHN) +3.29%
NIFTY(IND) +0.74%
INDEXCF(RUS) +2.32%
TOP40(ZAF) +1.09%

Commodities

Energy
RBOB Gasoline +0.80%
Natural Gas +1.12%
Ethanol -0.64%
Heating Oil +0.55%
WTI Crude Oil +0.93%
Brent Crude Oil +0.78%
Metals
Silver 5000oz +0.00%
Copper +0.00%
Gold 100oz -0.03%
Palladium +0.10%
Platinum +0.13%

Currencies

USDEUR:-0.12% USDJPY:-0.07%

MINTs
USDIDR(IDN) +0.07%
USDMXN(MEX) -0.10%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.86%
BRICS
USDBRL(BRA) -0.58%
USDCNY(CHN) -0.21%
USDINR(IND) -0.53%
USDRUB(RUS) +0.18%
USDZAR(ZAF) +0.01%
Agricultural
Coffee (Robusta) +0.00%
Feeder Cattle +0.82%
Wheat -0.15%
Cattle +0.40%
Corn +0.20%
Cotton +0.31%
Lean Hogs -0.40%
Sugar #11 +0.00%
Cocoa +0.00%
Orange Juice +0.00%
Soybean Meal +0.23%
White Sugar +0.00%
Coffee (Arabica) +0.00%
Lumber +1.00%
Soybeans +0.48%

Credit Indices

Index Change
Markit CDX EM +0.00%
Markit CDX NA HY +0.28%
Markit CDX NA IG -1.99%
Markit iTraxx Asia ex-Japan IG -2.66%
Markit iTraxx Australia -3.34%
Markit iTraxx Europe -3.45%
Markit iTraxx Europe Crossover -13.13%
Markit iTraxx Japan -1.69%
Markit iTraxx SovX Western Europe -0.07%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) -0.25%
Results: Infosys today, TCS tomorrow. Full list.

Must reads

“How is it that in so many cases they (banks) agreed to such higher amounts of escalated costs… It happened in such a large number of projects that I think scam is one way to define,” Road Transport and Highways Secretary Vijay Chhibbe. (Zee)

Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens. (TOI, #scam)

Rio Tinto has warned that it will not cut copper production, saying it would be illogical to hold back output and leave space in the market for higher-cost rivals. (FT)

THE prices of staple crops are falling fast. In August they reached their lowest level for eight years, down by over 41% from their peak in 2011. (Economist)

Piranhas in the Godavari. No, this is not a new movie. (LiveMint)

Akerlof and Shiller suggest that people can be imagined to have two kinds of tastes: those that would really make their lives better, and those that determine how they actually choose. In their view, the latter—influenced by a kind of “monkey-on-the-shoulder” who makes bad choices—often prevails. The problem is that as if by an invisible hand, companies “out of their own self-interest will satisfy those monkey-on-the-shoulder tastes.” (NyBooks)

Good luck!

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