Opening Bell 05.02.2016

Your world at 9am

world.2016-02-05

Equities

Major
DAX(DEU) -0.44%
CAC(FRA) +0.04%
UKX(GBR) +1.06%
NKY(JPN) -1.49%
SPX(USA) +0.15%
MINTs
JCI(IDN) +2.00%
INMEX(MEX) +1.45%
NGSEINDX(NGA) -0.38%
XU030(TUR) +1.85%
BRICS
IBOV(BRA) +3.11%
SHCOMP(CHN) -0.19%
NIFTY(IND) +0.57%
INDEXCF(RUS) +2.38%
TOP40(ZAF) +1.94%

Commodities

Energy
Brent Crude Oil +0.29%
Natural Gas +0.81%
Heating Oil +0.06%
RBOB Gasoline -0.10%
Ethanol +0.00%
WTI Crude Oil +0.32%
Metals
Gold 100oz -0.21%
Platinum +0.28%
Silver 5000oz +0.16%
Copper +0.00%
Palladium +0.11%

Currencies

USDEUR:+0.13% USDJPY:+0.06%

MINTs
USDIDR(IDN) -0.14%
USDMXN(MEX) -0.08%
USDNGN(NGA) +0.01%
USDTRY(TUR) +0.11%
BRICS
USDBRL(BRA) -0.15%
USDCNY(CHN) -0.01%
USDINR(IND) -0.74%
USDRUB(RUS) -0.02%
USDZAR(ZAF) +0.25%
Agricultural
Lean Hogs +0.00%
Soybeans +0.26%
Wheat -0.16%
Cocoa +0.00%
Lumber +0.00%
Soybean Meal +0.22%
Cattle +0.00%
Coffee (Arabica) +0.00%
Cotton +0.35%
Feeder Cattle +0.00%
Orange Juice +0.00%
Sugar #11 +0.00%
White Sugar +0.00%
Coffee (Robusta) +0.00%
Corn +0.07%

Credit Indices

Index Change
Markit CDX EM +0.62%
Markit CDX NA HY +0.50%
Markit CDX NA IG -0.62%
Markit iTraxx Asia ex-Japan IG +4.13%
Markit iTraxx Australia +4.31%
Markit iTraxx Europe +6.20%
Markit iTraxx Europe Crossover +14.21%
Markit iTraxx Japan +3.87%
Markit MCDX (Municipal CDS) +1.00%
TGIF!!!

Must reads

Foreign direct investment (FDI) in the country more than doubled to about USD 4.5 billion in December 2015. (FE, #economy)

South Korea is hurting European shares and the HK dollar. Can’t make this shit up. (FT)

The lifecycle of a fintech startup. End game: Fintech is absorbed into the bureaucracy of banking. (FT)

With Uber, Ola and others reducing transportation to a commodity and technology redefining personal mobility, auto manufacturers rethink their sales plans. (LiveMint)

Indian IT: third straight year of declining growth projections. (ET)

Good luck and have a nice weekend!

Opening Bell 04.02.2016

Your world at 9am

world.2016-02-04

Equities

Major
DAX(DEU) -1.53%
CAC(FRA) -1.33%
UKX(GBR) -1.43%
NKY(JPN) -0.71%
SPX(USA) +0.50%
MINTs
JCI(IDN) +1.38%
INMEX(MEX) +0.53%
NGSEINDX(NGA) -0.96%
XU030(TUR) +1.24%
BRICS
IBOV(BRA) +2.57%
SHCOMP(CHN) +1.36%
NIFTY(IND) -1.26%
INDEXCF(RUS) -0.68%
TOP40(ZAF) +1.11%

Commodities

Energy
Brent Crude Oil +0.94%
RBOB Gasoline +1.31%
Ethanol +0.00%
Heating Oil +1.08%
Natural Gas -0.20%
WTI Crude Oil +1.24%
Metals
Copper +0.00%
Palladium -0.48%
Platinum +0.69%
Silver 5000oz +0.00%
Gold 100oz +0.06%

Currencies

USDEUR:+0.17% USDJPY:+0.08%

MINTs
USDIDR(IDN) -0.69%
USDMXN(MEX) -0.03%
USDNGN(NGA) +0.00%
USDTRY(TUR) -0.03%
BRICS
USDBRL(BRA) -2.36%
USDCNY(CHN) +0.02%
USDINR(IND) +0.13%
USDRUB(RUS) +0.02%
USDZAR(ZAF) +0.19%
Agricultural
Coffee (Arabica) +0.00%
Cotton -0.71%
Lean Hogs +0.00%
Soybeans +0.29%
Wheat +0.05%
Cocoa +0.00%
Corn +0.13%
Orange Juice +0.00%
White Sugar +0.00%
Cattle +0.00%
Feeder Cattle +0.00%
Coffee (Robusta) +0.00%
Lumber +0.00%
Soybean Meal +0.30%
Sugar #11 +0.00%

Credit Indices

Index Change
Markit CDX EM -0.83%
Markit CDX NA HY -1.00%
Markit CDX NA IG +4.38%
Markit iTraxx Asia ex-Japan IG +3.58%
Markit iTraxx Australia +2.71%
Markit iTraxx Europe +5.00%
Markit iTraxx Europe Crossover +17.05%
Markit iTraxx Japan +2.62%
Markit MCDX (Municipal CDS) +5.60%
So… Risk ON again?

Must reads

Gadkari commits Rs 1 lakh cr for Karnataka “roads.” (FP)

Indian mainstream media finally sniffs out the Baltic Dry Index and panics. (BS)

Amazon vs. Big Basket – the fight begins! (TOI)

Indian household inflation expectation remains above 10%. (MC, #inflation)

Andhra Pradesh to centre: invoke compulsory licence or cancel Bt cotton patent. Question is, who, in his right mind, will ever introduce GM strains in India next? (LiveMint) MONSANTO 2,100.00 25.90 (1.25%) KSCL 348.00 14.45 (4.33%)

The lower oil prices stay, the more pain Saudi Arabia will feel. (WSJ)

Some asteroids are worth more than $100 trillion. (TC)

Good luck!

Opening Bell 03.02.2016

Your world at 9am

world.2016-02-03

Equities

Major
DAX(DEU) -1.81%
CAC(FRA) -2.47%
UKX(GBR) -2.28%
NKY(JPN) -3.14%
SPX(USA) -1.87%
MINTs
JCI(IDN) -0.76%
INMEX(MEX) -1.53%
NGSEINDX(NGA) +0.03%
XU030(TUR) -1.44%
BRICS
IBOV(BRA) -4.87%
SHCOMP(CHN) -1.19%
NIFTY(IND) -1.33%
INDEXCF(RUS) -0.84%
TOP40(ZAF) -2.07%

Commodities

Energy
RBOB Gasoline -1.95%
Brent Crude Oil -0.61%
Ethanol +0.00%
Heating Oil -0.28%
Natural Gas +0.74%
WTI Crude Oil -0.67%
Metals
Copper +0.00%
Platinum +0.36%
Silver 5000oz +0.00%
Gold 100oz +0.11%
Palladium +0.55%

Currencies

USDEUR:-0.04% USDJPY:-0.38%

MINTs
USDIDR(IDN) +0.68%
USDMXN(MEX) +0.35%
USDNGN(NGA) -0.05%
USDTRY(TUR) +0.26%
BRICS
USDBRL(BRA) +0.67%
USDCNY(CHN) +0.00%
USDINR(IND) +0.21%
USDRUB(RUS) -0.13%
USDZAR(ZAF) +0.69%
Agricultural
Coffee (Robusta) +0.00%
Corn -0.20%
Orange Juice +0.00%
Soybean Meal -0.29%
White Sugar +0.00%
Cocoa +0.00%
Coffee (Arabica) +0.00%
Cotton -0.26%
Soybeans -0.20%
Wheat +0.21%
Cattle +0.00%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Sugar #11 +0.00%
Lumber +0.00%

Credit Indices

Index Change
Markit CDX EM -0.05%
Markit CDX NA HY -0.14%
Markit CDX NA IG +2.24%
Markit iTraxx Asia ex-Japan IG +1.53%
Markit iTraxx Australia -0.41%
Markit iTraxx Europe +1.40%
Markit iTraxx Europe Crossover +1.80%
Markit iTraxx Japan -1.43%
Markit MCDX (Municipal CDS) +0.40%
Make it stop!

Must reads

Modi government’s PAN rule on gold buying backfires, boosts unofficial gold trade. (FE, #gold)

What Raghuram Rajan said. (LiveMint)

Minxin Pei could very well be writing about India:

Among the systemic causes of bad policies, the most obvious culprit is the dominance of politicians in economic policymaking… typical politicians who are more influenced by considerations of their personal political gains than those of economic efficiency.

Government service tends to attract not only less talented but also more opportunistic individuals who otherwise cannot compete in the marketplace.

Four of the eight members of G8 (France, Germany, Italy and Japan) now have an official negative deposit rate while Canada (and Russia) continues to suffer the impact of collapsing oil prices. (FT)

Francisco Blanch at Bank of America Merrill Lynch says the sustained price plunge “will push back $3 trillion a year from oil producers to global consumers, setting the stage for one of the largest transfers of wealth in human history.” (Bloomberg)

Good luck!

Opening Bell 02.02.2016

Your world at 9am

world.2016-02-02

Equities

Major
DAX(DEU) -0.41%
CAC(FRA) -0.56%
UKX(GBR) -0.39%
NKY(JPN) -0.00%
SPX(USA) -0.04%
MINTs
JCI(IDN) -0.31%
INMEX(MEX) +3.07%
NGSEINDX(NGA) -0.37%
XU030(TUR) -0.11%
BRICS
IBOV(BRA) +0.41%
SHCOMP(CHN) +2.10%
NIFTY(IND) -0.10%
INDEXCF(RUS) -0.66%
TOP40(ZAF) -0.42%

Commodities

Energy
Heating Oil -0.50%
Brent Crude Oil -1.26%
Ethanol +0.00%
Natural Gas -1.25%
RBOB Gasoline -0.31%
WTI Crude Oil -1.52%
Metals
Gold 100oz +0.03%
Palladium +0.01%
Platinum -0.59%
Silver 5000oz +0.00%
Copper +0.00%

Currencies

USDEUR:-0.10%
USDJPY:-0.14%

MINTs
USDIDR(IDN) +0.03%
USDMXN(MEX) +0.17%
USDNGN(NGA) -0.04%
USDTRY(TUR) +0.15%
BRICS
USDBRL(BRA) -0.89%
USDCNY(CHN) +0.02%
USDINR(IND) +0.07%
USDRUB(RUS) +0.06%
USDZAR(ZAF) +0.33%
Agricultural
Cattle +0.00%
Lean Hogs +0.00%
Soybean Meal +0.00%
White Sugar +0.00%
Cocoa +0.00%
Coffee (Robusta) +0.00%
Corn -0.07%
Feeder Cattle +0.00%
Lumber +0.00%
Sugar #11 +0.00%
Orange Juice +0.00%
Soybeans +0.00%
Wheat +0.05%
Coffee (Arabica) +0.00%
Cotton -0.26%

Must reads

A government-appointed panel on Monday suggested sweeping changes to the Companies Act, 2013, making it easier for companies to raise funds and reward senior management and ensuring that steps to enhance shareholder democracy don’t cripple the functioning of firms and the businesses they run. (FP)

The RBI has cumulatively cut 125 basis points in the policy rate since January 2015, yet market rates have hardly budged over fears that the fiscal prudence goal might be compromised. (LiveMint, #rates)

Insurance companies and financial product distributors should be very afraid of Google. (MedCity)

Good luck!

Opening Bell 01.02.2016

Your world at 9am

world.2016-02-01

Equities

Major
DAX(DEU) +1.64%
CAC(FRA) +2.19%
UKX(GBR) +2.56%
NKY(JPN) +1.80%
SPX(USA) +2.48%
MINTs
JCI(IDN) -0.22%
INMEX(MEX) +3.07%
NGSEINDX(NGA) +1.34%
XU030(TUR) +1.65%
BRICS
IBOV(BRA) +4.60%
SHCOMP(CHN) -1.66%
NIFTY(IND) +1.87%
INDEXCF(RUS) +0.73%
TOP40(ZAF) +0.73%

Commodities

Energy
Ethanol +0.00%
Natural Gas -3.57%
RBOB Gasoline -2.16%
Brent Crude Oil -1.75%
Heating Oil -1.46%
WTI Crude Oil -1.73%
Metals
Gold 100oz +0.43%
Palladium +0.35%
Copper +0.00%
Platinum -0.05%
Silver 5000oz +0.08%

Currencies

USDEUR:-0.14% USDJPY:+0.12%

MINTs
USDIDR(IDN) -0.95%
USDMXN(MEX) +0.35%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.25%
BRICS
USDBRL(BRA) -1.73%
USDCNY(CHN) +0.04%
USDINR(IND) -0.63%
USDRUB(RUS) +0.17%
USDZAR(ZAF) +0.12%
Agricultural
Cattle -0.85%
Orange Juice +0.00%
Wheat -0.52%
White Sugar +0.00%
Coffee (Arabica) +0.00%
Cotton -0.29%
Lean Hogs +0.34%
Soybean Meal -0.29%
Cocoa +0.00%
Sugar #11 +0.00%
Coffee (Robusta) +0.00%
Corn -0.40%
Feeder Cattle -3.05%
Lumber +0.92%
Soybeans -0.17%

Credit Indices

Index Change
Markit CDX EM +0.37%
Markit CDX NA HY +0.93%
Markit CDX NA IG -3.20%
Markit iTraxx Asia ex-Japan IG -6.15%
Markit iTraxx Australia -4.48%
Markit iTraxx Europe -0.17%
Markit iTraxx Europe Crossover +1.55%
Markit iTraxx Japan -6.50%
Markit MCDX (Municipal CDS) -1.25%
Risk ON?

Must reads

Nine trends that will shape India in the years to come. (LiveMint)

Saudi Arabia spent $10 billion to build a financial district. Now to find people to use it… (Economist)

AI powered hedge-funds are coming (Wired.) But then again, AI powered Hollywood was a bust. (Vulture)

Good luck!