Opening Bell 09.07.2019

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) -0.20%
CAC(FRA) -0.08%
UKX(GBR) -0.05%
NKY(JPN) +0.23%
SPX(USA) -0.48%
MINTs
JCI(IDN) +0.31%
INMEX(MEX) +0.42%
NGSEINDX(NGA) +0.07%
XU030(TUR) -1.10%
BRICS
IBOV(BRA) +0.42%
SHCOMP(CHN) -0.48%
NIFTY(IND) -2.14%
INDEXCF(RUS) -0.01%
TOP40(ZAF) +0.21%

Commodities

Energy
Brent Crude Oil -0.39%
Ethanol +0.00%
WTI Crude Oil -0.38%
Heating Oil -0.35%
Natural Gas -0.42%
RBOB Gasoline -0.25%
Metals
Gold 100oz +0.00%
Palladium -0.40%
Platinum -0.80%
Silver 5000oz +0.00%
Copper -0.26%

Currencies

USDEUR:+0.01% USDJPY:+0.04%

MINTs
USDIDR(IDN) +0.14%
USDMXN(MEX) +0.20%
USDNGN(NGA) +0.07%
USDTRY(TUR) +0.01%
BRICS
USDBRL(BRA) -0.33%
USDCNY(CHN) +0.00%
USDINR(IND) +0.35%
USDRUB(RUS) +0.09%
USDZAR(ZAF) +0.17%
Agricultural
Cocoa +0.00%
Coffee (Arabica) +0.00%
Coffee (Robusta) +0.00%
Feeder Cattle +0.00%
Lumber +0.00%
Sugar #11 +0.00%
Cattle +0.00%
Soybean Meal +0.00%
White Sugar +0.00%
Corn -0.57%
Lean Hogs +0.00%
Orange Juice +0.00%
Wheat -0.58%
Cotton +0.00%
Soybeans +0.00%

Out of 43 world ETFs listed in NYSE that we track, 36 are trading above their 10-day SMA and 41 are trading above their 50-day SMA.

Must Reads

Tech Manufacturing Moving Out of China at Rapid Rate
Reading Time: 4 minutes I spoke last week with one of my friends who is in Vietnam about the current economic trend there that is helping prop up the Vietnamese economy.

Facebook’s Libra faces skeptical government in Asia’s third-largest economy
New Delhi: The latest skepticism to Facebook Inc.’s plans for its new cryptocurrency called Libra comes from India as Asia’s third-largest economy is not keen on allowing the digital currency in the country.

Opinion | India must resist the lure of excessive financialization
Viral Acharya made a “famous” speech last year that a government that does not respect institutional autonomy would incur the wrath of financial markets.

Budget and the Elephant in the Room
If we don’t change our direction, we are likely to end up where we are headed. This sage counsel of an old Chinese proverb merits the attention of politicos. The good news is that Budget 2019-20 is a do no harm budget — one that inflicts no new pain on the economy.

Taxman plans to go after new NRIs possessing undeclared foreign assets
NEW DELHI: Tax authorities would soon start targeting undisclosed overseas assets of individuals, who had acquired those when they were residents in India but had since become non-residents.

₹80,000-cr cut in off-balance sheet borrowing may be an optical illusion
On the face of it, the Centre appears to have slashed its extra-budgetary resources for the current fiscal year, as against what was pegged in the interim Budget.

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

Good luck!

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