Opening Bell 10.07.2017

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.06%
CAC(FRA) -0.14%
UKX(GBR) +0.19%
NKY(JPN) +0.68%
SPX(USA) +0.64%
MINTs
JCI(IDN) -0.59%
INMEX(MEX) +0.14%
NGSEINDX(NGA) +0.32%
XU030(TUR) -0.56%
BRICS
IBOV(BRA) -0.24%
SHCOMP(CHN) -0.36%
NIFTY(IND) -0.09%
INDEXCF(RUS) -0.56%
TOP40(ZAF) -0.72%

Commodities

Energy
Brent Crude Oil +0.77%
RBOB Gasoline +0.39%
Heating Oil +0.81%
Natural Gas +0.84%
WTI Crude Oil +0.79%
Ethanol +0.13%
Metals
Gold 100oz +0.00%
Platinum +0.41%
Copper +0.36%
Palladium +0.49%
Silver 5000oz +0.22%

Currencies

USDEUR:-0.06% USDJPY:+0.19%

MINTs
USDIDR(IDN) -0.05%
USDMXN(MEX) -0.37%
USDNGN(NGA) -1.43%
USDTRY(TUR) +0.06%
BRICS
USDBRL(BRA) -0.52%
USDCNY(CHN) -0.06%
USDINR(IND) -0.08%
USDRUB(RUS) -0.02%
USDZAR(ZAF) +0.07%
Agricultural
Cotton +0.00%
Orange Juice +0.00%
Wheat +0.00%
Coffee (Arabica) -0.16%
Corn +1.44%
Lumber +1.11%
Soybeans +1.88%
White Sugar +0.00%
Cocoa +0.00%
Coffee (Robusta) +0.00%
Feeder Cattle +0.15%
Sugar #11 +2.10%
Cattle -0.17%
Lean Hogs +0.41%
Soybean Meal +2.25%

Out of 43 world ETFs listed in NYSE that we track, 15 are trading above their 10-day SMA and 25 are trading above their 50-day SMA.

Must Reads

Google is funding the creation of software that writes local news stories
Google’s Digital News Initiative has committed £622,000 ($805,000) to fund an automated news writing initiative for UK-based news agency, The Press Association.

Global Warming Might Be Speeding Up
Two climate scientists suggest they’ve come closer to resolving a critical debate about how quickly human activity will heat up the planet. The answer isn’t good news. It’s almost universally understood that the Earth will continue to get warmer for the foreseeable future.

Despite heavy consumer spending, why QSR chains are struggling in India
Rohit Malhotra got his projections wrong. And he is candid about it. The business head of Barcelos India, a South African casual dining restaurant chain that entered the country in early 2015, had prepared three different profit and loss projections.

Climate Change Hysteria Considered Dangerous
Let’s start with a story. Once upon a time, so the story goes, a king got mightily upset with one of his ministers and sentenced him to death.

Jeremy Corbyn and the bourgeois dream
JOHN LANCHESTER’S novel, “Capital”, provides a vivid portrait of life in a street in south London in the run up to the 2008 financial crisis.

Check out our Global Macro Dashboard for currency, commodity, bonds and credit charts.

Good luck!

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Get in touch with Shyam for advice on mutual funds. You can either WhatsApp him or call him at 080-2665-0232. He is an AMFI registered IFA who can advice you on Franklin, Blackrock, IDBI, Mirae, HDFC, ICICI Pru, UTI, Sundaram, Reliance, Religare, Peerless, Tata and Birla Sun Life funds.