Opening Bell 11.05.2018

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.62%
CAC(FRA) +0.20%
UKX(GBR) +0.50%
NKY(JPN) +0.90%
SPX(USA) +0.94%
MINTs
JCI(IDN) +1.52%
INMEX(MEX) +0.59%
NGSEINDX(NGA) -0.40%
XU030(TUR) +1.74%
BRICS
IBOV(BRA) +1.89%
SHCOMP(CHN) -0.17%
NIFTY(IND) -0.23%
INDEXCF(RUS) -0.01%
TOP40(ZAF) +0.42%

Commodities

Energy
Brent Crude Oil -0.28%
Heating Oil -0.34%
RBOB Gasoline -0.20%
Ethanol +0.00%
Natural Gas -0.46%
WTI Crude Oil -0.22%
Metals
Copper +0.00%
Palladium -0.40%
Silver 5000oz +0.00%
Gold 100oz +0.00%
Platinum -0.03%

Currencies

USDEUR:+0.01% USDJPY:+0.07%

MINTs
USDIDR(IDN) +0.00%
USDMXN(MEX) +0.05%
USDNGN(NGA) -0.01%
USDTRY(TUR) +0.13%
BRICS
USDBRL(BRA) -1.20%
USDCNY(CHN) -0.05%
USDINR(IND) +0.07%
USDRUB(RUS) -0.06%
USDZAR(ZAF) +0.13%
Agricultural
Coffee (Robusta) +0.00%
Soybean Meal +0.10%
Wheat +0.00%
White Sugar +0.00%
Lean Hogs +0.00%
Orange Juice +0.00%
Cocoa +0.00%
Coffee (Arabica) +0.00%
Cotton +0.39%
Feeder Cattle +0.00%
Soybeans -0.44%
Cattle +0.00%
Corn -0.19%
Lumber +0.00%
Sugar #11 +0.00%

Out of 43 world ETFs listed in NYSE that we track, 32 are trading above their 10-day SMA and 26 are trading above their 50-day SMA.

Must Reads

“1/ I have been a professional investor for over 30 years. What follows is some things I think I know and some things I know I don’t know. Le […]”
1/ I have been a professional investor for over 30 years. What follows is some things I think I know and some things I know I don’t know. Let’s start with some things I know I don’t know. 2/I don’t know how the market will perform this year.

Sluggish exports leave India needing to curry favour with investors
IN THE spring of 1991, Indian officials desperate to fend off a balance-of-payments crunch secretly airlifted 20 tonnes of gold confiscated from smugglers into the vaults of UBS, a Swiss bank. That crisis prompted liberalising reforms that helped integrate India into the global economy.

Research: Do People Really Get Promoted to Their Level of Incompetence?
You’ve probably encountered managers you admire more for their technical skills than for their actual leadership skills. Perhaps it’s the familiarity of this experience that lends the Peter Principle its popular appeal. The Peter Principle, laid out in a 1969 book by Dr. Laurence J.

“All Ego, Zero Strategy”: Has Trump Set the U.S. On a Path to War with Iran?
On Tuesday afternoon, Donald Trump announced, with deep breaths and discomfiting wheeziness, that he would be pulling out of the Iran nuclear deal that had been painstakingly forged by the administration of his predecessor, Barack Obama, and the other permanent members of the U.N.

Contextualising the ‘rural’ problem
As we enter election season, there will renewed talk of farmer distress and the need for solving the agrarian ‘distress’. We are already seeing that in state elections with farm loan waiver becoming the standard template.

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

Good luck!

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