Opening Bell 11.06.2019

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.77%
CAC(FRA) +0.34%
UKX(GBR) +0.59%
NKY(JPN) +0.35%
SPX(USA) +0.47%
MINTs
JCI(IDN) -0.33%
INMEX(MEX) +0.70%
NGSEINDX(NGA) -0.36%
XU030(TUR) +0.20%
BRICS
IBOV(BRA) -0.36%
SHCOMP(CHN) +1.65%
NIFTY(IND) +0.44%
INDEXCF(RUS) -0.01%
TOP40(ZAF) +0.73%

Commodities

Energy
Heating Oil +0.51%
Natural Gas +0.59%
RBOB Gasoline +1.05%
WTI Crude Oil +0.56%
Brent Crude Oil +0.34%
Ethanol +0.00%
Metals
Palladium -0.56%
Platinum +0.07%
Copper +0.00%
Gold 100oz +0.28%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.05% USDJPY:+0.12%

MINTs
USDIDR(IDN) +0.04%
USDMXN(MEX) +0.04%
USDNGN(NGA) +0.14%
USDTRY(TUR) +0.23%
BRICS
USDBRL(BRA) +0.21%
USDCNY(CHN) -0.21%
USDINR(IND) -0.25%
USDRUB(RUS) +0.00%
USDZAR(ZAF) -0.21%
Agricultural
Cocoa +0.00%
Lean Hogs +0.00%
Soybeans -0.61%
Coffee (Robusta) +0.00%
Corn -0.60%
Soybean Meal -0.51%
Sugar #11 +0.00%
Wheat -0.84%
Cattle +0.00%
Coffee (Arabica) +0.00%
Feeder Cattle +0.00%
Lumber +0.00%
White Sugar +0.00%
Cotton +0.14%
Orange Juice +0.00%

Out of 43 world ETFs listed in NYSE that we track, 41 are trading above their 10-day SMA and 21 are trading above their 50-day SMA.

Must Reads

India’s GDP growth: New evidence for fresh beginnings
Growth estimates matter not just for reputational reasons but critically for internal policy-making. (Illustration by C R Sasikumar) The promise of democracy is the periodic opportunity it creates for fresh beginnings.

UK economy slides in April after Brexit car plant shutdowns
LONDON, June 10 (Reuters) – Britain’s economy contracted sharply in April after the biggest fall in car production since records began, as manufacturers were unable to reverse closures planned for when they had expected Britain to leave the EU.

What is Happening to Streaming’s Superstars?
Think of the biggest-earning artists on music streaming services like Spotify and Apple Music, and the usual megastars might come to mind.

New Study Of Old Real Estate Bubbles (1582-1810) Finds Two Surprising Similarities With Modern Bubbles
Earlier versions of this piece on Forbes.com here and here got over 50,000 views combined. I guess I’m not the only one fascinated by this mysterious, natural economic phenomenon — real estate bubbles. Amsterdam 1544Amsterdam had three large real estate bubbles from 1582 to 1810.

Opinion | A farmer satyagraha for permission-less innovation
On 9 June , the Shetkari Sanghatana, a farmers’ group in Maharashtra, marked its protest against the government ban on genetically modified (GM) crops by planting Bt brinjal and HT cotton.

Opinion | Global trade is important for India’s prosperity
The international, rules-based, multilateral trading system enshrined through the World Trade Organization (WTO) faces an existential threat. WTO accession played a major role in China’s rise to prosperity.

Made-in-India tag for Flipkart brands
BENGALURU: Walmart-owned Flipkart has moved a substantial proportion of its manufacturing and sourcing for inhouse brands from China and Malaysia to India over the past year, helping to cut costs and comply with the government’s Make in India initiative.

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Good luck!

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