Opening Bell 16.10.2018

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.78%
CAC(FRA) -0.02%
UKX(GBR) +0.48%
NKY(JPN) +0.61%
SPX(USA) -0.59%
MINTs
JCI(IDN) +0.11%
INMEX(MEX) +0.78%
NGSEINDX(NGA) -0.13%
XU030(TUR) +2.15%
BRICS
IBOV(BRA) +0.53%
SHCOMP(CHN) +0.05%
NIFTY(IND) +0.38%
INDEXCF(RUS) -0.01%
TOP40(ZAF) -2.07%

Commodities

Energy
Heating Oil +0.26%
Natural Gas +2.07%
WTI Crude Oil +0.21%
Brent Crude Oil +0.35%
Ethanol +0.00%
RBOB Gasoline +0.46%
Metals
Copper +0.00%
Palladium -0.15%
Silver 5000oz +0.00%
Gold 100oz +0.06%
Platinum -0.08%

Currencies

USDEUR:+0.06% USDJPY:+0.16%

MINTs
USDIDR(IDN) +0.01%
USDMXN(MEX) +0.16%
USDNGN(NGA) +0.21%
USDTRY(TUR) +0.15%
BRICS
USDBRL(BRA) -1.15%
USDCNY(CHN) +0.12%
USDINR(IND) -0.05%
USDRUB(RUS) -0.19%
USDZAR(ZAF) -0.05%
Agricultural
Coffee (Robusta) +0.00%
Corn -0.46%
Lumber +0.00%
Soybeans -0.45%
Sugar #11 +0.00%
Wheat +0.19%
Cocoa +0.00%
Soybean Meal -0.31%
Cotton -0.18%
White Sugar +0.00%
Cattle +0.00%
Coffee (Arabica) +0.00%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Orange Juice +0.00%

Out of 43 world ETFs listed in NYSE that we track, 5 are trading above their 10-day SMA and 4 are trading above their 50-day SMA.

Must Reads

Activist excess, incentives, and the undersupply of grievance
In recent times in the West, we have seen a trend towards outraged activism being taken to sometimes absurd extremes.

The great battle for Indian steel
Mumbai: Can you set a price on ambition? Since the Insolvency and Bankruptcy Code (IBC) came into effect, 30 million tonnes (mt) of idle steel production capacity (about a fourth of India’s total capacity) has been ripe for the picking.

India may have to pay a price for protectionism
Indian Prime MInister Narendra Modi with US President Donald Trump. Escalating the global trade conflict is the last thing the Indian economy needs today.

Opinion | The role of indigestion in India’s industrial growth
Unlike nations whose industrial growth is investment-led, or export-led, India’s industrial production, according to the CSO, depends on rising indigestion.

Lessons from Howard Marks’ New Book: “Mastering the Market Cycle – Getting the Odds on Your Side”
Howard Marks is co-chairman and co-founder of Oaktree Capital Management, an investment manager with more than $120 billion in assets under management.

What’s Wrong, Warren?
Below is the article published on Warren Buffett on December 27, 1999. The dot-com bubble of the late 90s was a wild time for the stock market. People quit their jobs and became millionaires day-trading tech stocks. Buffett didn’t want anything to do with the high-flying stocks.


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Good luck!

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