Opening Bell 16.08.2019

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) -0.70%
CAC(FRA) -0.27%
UKX(GBR) -1.13%
NKY(JPN) +0.09%
SPX(USA) +0.25%
MINTs
JCI(IDN) +0.25%
INMEX(MEX) -0.09%
NGSEINDX(NGA) -0.07%
XU030(TUR) -2.95%
BRICS
IBOV(BRA) -1.20%
SHCOMP(CHN) +0.57%
NIFTY(IND) +0.95%
INDEXCF(RUS) -0.01%
TOP40(ZAF) -0.33%

Commodities

Energy
Ethanol +0.00%
Heating Oil +0.57%
WTI Crude Oil +1.16%
Natural Gas -0.63%
RBOB Gasoline +0.69%
Brent Crude Oil +0.84%
Metals
Platinum -0.06%
Silver 5000oz +0.00%
Copper -0.04%
Gold 100oz +0.18%
Palladium +0.03%

Currencies

USDEUR:+0.08% USDJPY:+0.09%

MINTs
USDIDR(IDN) -0.23%
USDMXN(MEX) -0.10%
USDNGN(NGA) +0.83%
USDTRY(TUR) +0.01%
BRICS
USDBRL(BRA) -1.46%
USDCNY(CHN) +0.07%
USDINR(IND) +0.08%
USDRUB(RUS) -0.02%
USDZAR(ZAF) -0.20%
Agricultural
Corn +0.35%
Lean Hogs -0.50%
Orange Juice +0.00%
Sugar #11 +0.00%
Wheat +0.32%
Cattle -0.20%
Cotton +0.00%
Coffee (Arabica) +0.00%
Coffee (Robusta) +0.00%
Lumber -0.06%
Soybean Meal +0.27%
White Sugar +0.00%
Cocoa +0.00%
Feeder Cattle -0.15%
Soybeans +0.47%

Out of 43 world ETFs listed in NYSE that we track, 4 are trading above their 10-day SMA and 6 are trading above their 50-day SMA.

Must Reads

India Inc is growing disenchanted with Narendra Modi
IN MAY CHAMPAGNE corks popped as Mumbai’s bankers, investors and industrialists feted the re-election of Narendra Modi as India’s prime minister.

To discipline discoms, Central govt looking to link their loans with performance
New Delhi: The National Democratic Alliance (NDA) government is exploring a radical plan to help bring financial discipline to state electricity distribution companies (discoms) by limiting state governments’ borrowing.

Status Anxiety or: How Our Neighbors Make Us Worse Investors
The French philosopher Jean-Paul Sartre’s wonderful play No Exit, or Huit Clos in the original French, culminates in the famous exclamation “L’enfer, c’est les autres” — “Hell is other people.

Why profits matter (and value investing is not dead)
We have currently reached the point in this (unusual in many respects) cycle where many investors/commentators have started to question whether profits no longer matter, and also whether value investing is dead.

The New Servant Class
In an age of persistently high inequality, work in high-cost metros catering to the whims of the wealthy—grooming them, stretching them, feeding them, driving them—has become one of the fastest-growing industries.

Opinion | A deal that shows the end of an oil-and-gas super-cycle
Reliance Industries Ltd’s (RIL) chairman and managing director Mukesh Ambani has a good sense of timing when it comes to decisions about his business.

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

Good luck!

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