Opening Bell 27.05.2015

Your world at 9am

world.2015-05-27

Equities

Major
DAX(DEU) -1.61%
CAC(FRA) -0.66%
UKX(GBR) -1.18%
NKY(JPN) -0.06%
SPX(USA) -1.03%
MINTs
JCI(IDN) -0.35%
INMEX(MEX) -1.13%
NGSEINDX(NGA) +0.43%
XU030(TUR) -1.32%
BRICS
IBOV(BRA) -1.79%
SHCOMP(CHN) +0.53%
NIFTY(IND) -0.37%
INDEXCF(RUS) -0.23%
TOP40(ZAF) -1.94%

Commodities

Energy
Ethanol +0.00%
WTI Crude Oil +0.57%
Brent Crude Oil +0.17%
Heating Oil -0.02%
Natural Gas +0.25%
RBOB Gasoline +0.07%
Metals
Gold 100oz +0.00%
Palladium +0.38%
Platinum +0.30%
Copper +0.00%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.11% USDJPY:-0.03%

MINTs
USDIDR(IDN) +0.01%
USDMXN(MEX) -0.06%
USDNGN(NGA) +0.03%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) +1.81%
USDCNY(CHN) +0.03%
USDINR(IND) +0.64%
USDRUB(RUS) +0.27%
USDZAR(ZAF) +0.02%
Agricultural
Feeder Cattle +0.00%
Cattle +0.00%
Cocoa +0.00%
Coffee (Arabica) -2.17%
Coffee (Robusta) +0.00%
Lean Hogs +0.00%
Wheat +0.05%
White Sugar +0.00%
Orange Juice -3.25%
Soybean Meal +0.03%
Soybeans +0.14%
Sugar #11 -1.46%
Corn +0.35%
Cotton -0.14%
Lumber -0.98%

Credit Indices

Index Change
Markit CDX EM +0.02%
Markit CDX NA HY -0.01%
Markit CDX NA IG +0.00%
Markit iTraxx Asia ex-Japan IG +0.00%
Markit iTraxx Australia +0.00%
Markit iTraxx Europe +0.00%
Markit iTraxx Europe Crossover +0.00%
Markit iTraxx Japan +0.10%
Markit iTraxx SovX Western Europe +0.00%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.00%
Another day in paradise…

Must reads

Dish TV has become the first direct-to-home company in India to turn a net profit. (DNA) DISHTV 99.80 2.95 (3.05%)

Cafe Coffee Day to file for IPO next month; looking to raise Rs1,150 crore. (LiveMint, #ipo)

RBI to watch for monsoon onset before softening rates further. And those who are worried that that the CapEx cycle will not recover until rate cuts happen, a new study shows that capital expenditure “responds strongly to prior profits and stock returns but, contrary to standard predictions, is largely unrelated to changes in interest rates, market volatility, or the default spread on corporate bonds.” (BS, FT, #rates)

Greece is bankrupt; its unemployment rate around 25%. (NYT)

Good luck!

Options Daily 27.05.2015

Summary: Jun NIFTY 8800 calls added 1,163,975 contracts while 9200 calls shed 15,275. On the Put side of the equation, the 8100 strike added 237,450 while the 8000’s shed 40,875.

Our trend model indicates a SHORT on the NIFTY and LONG on the BANKNIFTY.

MAY NIFTY OI

MAY NIFTY OI chart

MAY BANKNIFTY OI

MAY BANKNIFTY OI chart

JUN NIFTY OI

JUN NIFTY OI chart

JUN BANKNIFTY OI

JUN BANKNIFTY OI chart

MAY NIFTY Volatility

MAY NIFTY Volatility chart

MAY BANKNIFTY Volatility

MAY BANKNIFTY Volatility chart

JUN NIFTY Volatility

JUN NIFTY Volatility chart

JUN BANKNIFTY Volatility

JUN BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

Opening Bell 26.05.2015

Your world at 9am

world.2015-05-26

Equities

Major
DAX(DEU) -0.42%
CAC(FRA) -0.50%
UKX(GBR) +0.26%
NKY(JPN) +0.01%
SPX(USA) -0.22%
MINTs
JCI(IDN) +0.94%
INMEX(MEX) -0.11%
NGSEINDX(NGA) -0.35%
XU030(TUR) -1.48%
BRICS
IBOV(BRA) +0.43%
SHCOMP(CHN) +1.30%
NIFTY(IND) -1.05%
INDEXCF(RUS) -0.62%
TOP40(ZAF) -0.08%

Commodities

Energy
Ethanol +0.70%
Natural Gas -1.70%
RBOB Gasoline +0.84%
WTI Crude Oil +0.17%
Brent Crude Oil +0.00%
Heating Oil +0.49%
Metals
Palladium +0.11%
Platinum +0.05%
Copper +0.30%
Silver 5000oz +0.29%
Gold 100oz +0.00%

Currencies

USDEUR:+0.31% USDJPY:+0.16%

MINTs
USDIDR(IDN) +0.02%
USDMXN(MEX) +0.01%
USDNGN(NGA) -0.06%
USDTRY(TUR) +0.05%
BRICS
USDBRL(BRA) +0.10%
USDCNY(CHN) +0.03%
USDINR(IND) +0.07%
USDRUB(RUS) -0.02%
USDZAR(ZAF) +0.19%
Agricultural
Cattle +0.10%
Cocoa +0.00%
Coffee (Arabica) -1.05%
Coffee (Robusta) +0.00%
Soybeans +0.57%
Sugar #11 -1.28%
Corn +0.42%
Cotton +0.39%
Lumber +1.22%
Feeder Cattle -0.55%
Orange Juice +0.72%
Soybean Meal -0.23%
Lean Hogs +0.27%
Wheat +0.34%
White Sugar +0.00%

Must reads

After the Land Bill amendment got Congressed, NDA had to hit the pause button on Labor reforms. The biggest take away from this is that Congress will never act in India’s best interests, whether in power or outside it. (LiveMint)

Jaitly: “The parallel economy has to be squeezed.” (BT)

Given the splendid job that bank employees are doing, they have been rewarded with a 15% wage hike that will impose an additional burden of up to Rs 8,370 crore on lenders. (IE)

Vodafone plans India’s largest IPO yet, likely to raise $4 bn next year. (FP, #IPO)

RBI may cut rate by 25 bps in the monetary policy review on June 2, but CRR reduction unlikely. (BS, #rates)

Good luck!

Options Daily 26.05.2015

Summary: Jun NIFTY 8500 calls added 244,000 contracts while 9200 calls shed 56,175. On the Put side of the equation, the 8000 strike added 318,550 while the 7600’s shed 2,325.

Our trend model indicates a SHORT on the NIFTY and LONG on the BANKNIFTY.

MAY NIFTY OI

MAY NIFTY OI chart

MAY BANKNIFTY OI

MAY BANKNIFTY OI chart

JUN NIFTY OI

JUN NIFTY OI chart

JUN BANKNIFTY OI

JUN BANKNIFTY OI chart

MAY NIFTY Volatility

MAY NIFTY Volatility chart

MAY BANKNIFTY Volatility

MAY BANKNIFTY Volatility chart

JUN NIFTY Volatility

JUN NIFTY Volatility chart

JUN BANKNIFTY Volatility

JUN BANKNIFTY Volatility chart
Dotted lines indicated actual underlying volatility. Solid lines are IVs.

Opening Bell 25.05.2015

Your world at 9am

world.2015-05-25

Equities

Major
DAX(DEU) -0.42%
CAC(FRA) -0.07%
UKX(GBR) +0.26%
NKY(JPN) +0.53%
SPX(USA) -0.22%
MINTs
JCI(IDN) +0.04%
INMEX(MEX) -0.54%
NGSEINDX(NGA) -0.54%
XU030(TUR) -0.86%
BRICS
IBOV(BRA) -1.33%
SHCOMP(CHN) +2.83%
NIFTY(IND) +0.45%
INDEXCF(RUS) +0.38%
TOP40(ZAF) -0.06%

Commodities

Energy
Ethanol -0.32%
RBOB Gasoline +0.77%
Brent Crude Oil +0.18%
Heating Oil +0.27%
WTI Crude Oil +0.22%
Natural Gas -1.56%
Metals
Silver 5000oz +0.00%
Gold 100oz +0.00%
Copper +0.00%
Palladium -0.36%
Platinum -0.23%

Currencies

USDEUR:+0.23% USDJPY:+0.12%

MINTs
USDIDR(IDN) +0.27%
USDMXN(MEX) +0.09%
USDNGN(NGA) -0.06%
USDTRY(TUR) +0.08%
BRICS
USDBRL(BRA) +1.84%
USDCNY(CHN) +0.01%
USDINR(IND) -0.19%
USDRUB(RUS) -0.20%
USDZAR(ZAF) +0.16%
Agricultural
Soybeans -1.07%
Sugar #11 -1.28%
Corn -1.17%
Cotton -0.66%
Lumber +1.37%
Lean Hogs +0.09%
Wheat -1.20%
White Sugar +0.00%
Cattle -0.10%
Cocoa +0.00%
Coffee (Arabica) -1.05%
Coffee (Robusta) +0.00%
Feeder Cattle +0.54%
Orange Juice +0.72%
Soybean Meal +0.07%

Credit Indices

Index Change
Markit CDX EM +0.22%
Markit CDX NA HY +0.10%
Markit CDX NA IG -0.45%
Markit iTraxx Asia ex-Japan IG +0.38%
Markit iTraxx Australia -0.23%
Markit iTraxx Europe +1.36%
Markit iTraxx Europe Crossover +2.59%
Markit iTraxx Japan +0.02%
Markit iTraxx SovX Western Europe -0.23%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) -2.10%
Welcome to hangover day…

Must reads

The wait for Achche din gets longer. (DNA, #economy)

The civil aviation ministry has dropped its plan to regulate airfares. (ET)

M&M’s GenZe electric scooter: designed in Silicon Valley and made in Ann Arbor, Michigan. (FT)

The lenders have so far been able to recover just about Rs.1,000 crore from Kingfisher Airlines out of their over Rs.7,500 crore exposure. United Bank of India says they have lost hope. (LiveMint) UNITEDBNK 24.55 -0.05 (-0.20%)

There’s a new book out that you should read: ‘Losing the Signal’ examines Research In Motion’s efforts to take on Apple’s game-changing smartphone. (WSJ, #innovation)

Good luck!