Opening Bell 09.09.2019

Your world at 9am

world equity market heatmap

Equities

Major
DAX(DEU) +0.54%
CAC(FRA) +0.19%
UKX(GBR) +0.15%
NKY(JPN) +0.50%
SPX(USA) +0.09%
MINTs
JCI(IDN) +0.19%
INMEX(MEX) -0.10%
NGSEINDX(NGA) -0.46%
XU030(TUR) -1.42%
BRICS
IBOV(BRA) +0.68%
SHCOMP(CHN) +0.37%
NIFTY(IND) +0.91%
INDEXCF(RUS) -0.01%
TOP40(ZAF) +0.20%

Commodities

Energy
RBOB Gasoline +0.52%
Brent Crude Oil +0.96%
Ethanol +1.69%
Heating Oil +0.78%
WTI Crude Oil +1.13%
Natural Gas +0.44%
Metals
Gold 100oz +0.19%
Copper -0.08%
Platinum -0.58%
Palladium -0.84%
Silver 5000oz +0.90%

Currencies

USDEUR:+0.02% USDJPY:-0.02%

MINTs
USDIDR(IDN) -0.16%
USDMXN(MEX) +0.01%
USDNGN(NGA) -0.03%
USDTRY(TUR) +0.04%
BRICS
USDBRL(BRA) -1.19%
USDCNY(CHN) +0.14%
USDINR(IND) -0.17%
USDRUB(RUS) -0.12%
USDZAR(ZAF) -0.07%
Agricultural
Coffee (Arabica) +1.79%
Cotton +0.34%
Sugar #11 +0.18%
Wheat +0.00%
Cocoa +0.00%
Coffee (Robusta) +0.00%
Feeder Cattle -0.49%
Lean Hogs -4.67%
Lumber -0.94%
White Sugar +0.00%
Cattle -2.74%
Corn +0.00%
Soybean Meal -0.17%
Orange Juice -2.63%
Soybeans +0.00%

Out of 43 world ETFs listed in NYSE that we track, 40 are trading above their 10-day SMA and 19 are trading above their 50-day SMA.

Must Reads

Why yields are the best guide to future stockmarket returns
IN 2011 JOHN COCHRANE, a professor at the University of Chicago’s Booth School of Business, gave a presidential address on “Discount Rates” to the American Finance Association. It was published as a paper a few months later.

Status Anxiety or: how our neighbours make us worse investors
Note: This post has originally been published on the CFA Institute Enterprising Investor Blog on 14 August 2019.

The Investment Drama Triangle — J.C. Corrigan Essential Wealth
Many of you have likely heard about staying out of someone’s “drama triangle”. The drama triangle is about having a victim, a savior, and a persecutor and being in a place to change roles when it is convenient for you. Unfortunately, the Drama Triangle exists in Investing as well.

Coming Soon to a Battlefield: Robots That Can Kill
Tomorrow’s wars will be faster, more high-tech, and less human than ever before. Welcome to a new era of machine-driven warfare.

Opinion | India must not mollycoddle its automobile industry
Hot on the heels of the news that gross domestic product (GDP) growth clocked in at a disastrously low 5% for the first quarter of 2019-20, came bad news from the automobile industry. Car sales, which had fallen by 30% in July, again fell by about the same amount in August.

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

Good luck!

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