Opening Bell 05.10.2017

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU)	+0.53%
CAC(FRA)	-0.08%
UKX(GBR)	-0.01%
NKY(JPN)	+0.03%
SPX(USA)	+0.12%

MINTs
JCI(IDN)	-0.32%
INMEX(MEX)	-0.14%
NGSEINDX(NGA)	+0.15%
XU030(TUR)	+0.61%

BRICS
IBOV(BRA)	-0.22%
SHCOMP(CHN)	+0.28%
NIFTY(IND)	+0.56%
INDEXCF(RUS)	+0.01%
TOP40(ZAF)	+0.80%

Commodities

Energy
Ethanol	+0.00%
Natural Gas	+0.07%
RBOB Gasoline	+0.34%
Brent Crude Oil	+0.16%
Heating Oil	+0.15%
WTI Crude Oil	-0.04%

Metals
Copper	+0.00%
Gold 100oz	+0.00%
Platinum	+0.20%
Palladium	+0.36%
Silver 5000oz	+0.00%

Currencies

USDEUR:+0.02% USDJPY:+0.00%

MINTs
USDIDR(IDN)	+0.02%
USDMXN(MEX)	+0.12%
USDNGN(NGA)	+0.00%
USDTRY(TUR)	+0.01%

BRICS
USDBRL(BRA)	-0.28%
USDCNY(CHN)	-0.12%
USDINR(IND)	-0.74%
USDRUB(RUS)	+0.03%
USDZAR(ZAF)	+0.17%

Agricultural
Cattle	+0.00%
Feeder Cattle	+0.00%
Soybeans	+0.57%
Lumber	+0.00%
Soybean Meal	+0.00%
Wheat	+0.40%
Cocoa	+0.00%
Coffee (Robusta)	+0.00%
Corn	+0.50%
Orange Juice	+0.00%
Sugar #11	+0.00%
Coffee (Arabica)	+0.00%
Cotton	+0.00%
Lean Hogs	+0.00%
White Sugar	+0.00%

Out of 43 world ETFs listed in NYSE that we track, 33 are trading above their 10-day SMA and 31 are trading above their 50-day SMA.

Must Reads

Labour repression & the Indo-Japanese divergence
There used to be more research and debate on the negative effects of labour resistance on economic development, but that topic has been crowded out by the intense focus on inequality of recent years.

The Permian Basin Still Has an Awful Lot of Oil
There are those who would bestow that title on the famous East Texas gusher at Spindletop, which spurred the rise of the oil industry in 1901. The Santa Rita No. 1 first hit oil 22 years later, after two arduous years of drilling, in Reagan County in West Texas.

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

Good luck!