Opening Bell 27.03.2015

Your world at 9am

world.2015-03-27

Equities

Major
DAX(DEU) -0.18%
CAC(FRA) -0.29%
UKX(GBR) -1.37%
NKY(JPN) +0.48%
SPX(USA) -0.24%
MINTs
JCI(IDN) +0.18%
INMEX(MEX) -0.98%
NGSEINDX(NGA) +0.61%
XU030(TUR) -1.51%
BRICS
IBOV(BRA) -2.47%
SHCOMP(CHN) -0.33%
NIFTY(IND) -2.21%
INDEXCF(RUS) -2.08%
TOP40(ZAF) -1.55%

Commodities

Energy
Brent Crude Oil -1.59%
Ethanol +0.00%
Heating Oil -0.70%
Natural Gas -0.45%
RBOB Gasoline -1.39%
WTI Crude Oil -1.96%
Metals
Copper -0.58%
Gold 100oz +0.00%
Palladium -0.80%
Platinum -0.34%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.00% USDJPY:+0.08%

MINTs
USDIDR(IDN) +0.37%
USDMXN(MEX) -0.04%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.32%
BRICS
USDBRL(BRA) -0.56%
USDCNY(CHN) +0.08%
USDINR(IND) +0.19%
USDRUB(RUS) +0.08%
USDZAR(ZAF) -0.04%
Agricultural
Cattle +0.00%
Coffee (Robusta) +0.00%
Corn +0.19%
Lumber +0.63%
Soybeans -0.13%
Wheat +0.30%
Cocoa +0.00%
Coffee (Arabica) +0.07%
Cotton -0.03%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Sugar #11 -1.20%
White Sugar +0.00%
Orange Juice -2.33%
Soybean Meal -0.09%

Credit Indices

Index Change
Markit CDX EM -0.33%
Markit CDX NA HY -0.19%
Markit CDX NA IG +1.76%
Markit iTraxx Asia ex-Japan IG +0.27%
Markit iTraxx Australia +0.00%
Markit iTraxx Europe +0.60%
Markit iTraxx Europe Crossover +6.81%
Markit iTraxx Japan -0.07%
Markit iTraxx SovX Western Europe +0.14%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.99%
What a mess…

Must reads

Do IPOs make sense for retail investors? No. #savedyouaclick (LiveMint, #ipo)

Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the country was only a small crude exporter and tankers could avoid passing its waters to reach their ports of destination. (EuroNews)

The ability to digest milk may explain how Europe got rich. (Economist)

Good luck and have a nice weekend!

Opening Bell 26.03.2015

Your world at 9am

world.2015-03-26

Equities

Major
DAX(DEU) -1.17%
CAC(FRA) -1.32%
UKX(GBR) -0.41%
NKY(JPN) -1.57%
SPX(USA) -1.46%
MINTs
JCI(IDN) +0.04%
INMEX(MEX) -1.02%
NGSEINDX(NGA) +1.03%
XU030(TUR) +0.86%
BRICS
IBOV(BRA) +0.68%
SHCOMP(CHN) +0.05%
NIFTY(IND) -0.14%
INDEXCF(RUS) -0.19%
TOP40(ZAF) -1.18%

Commodities

Energy
Brent Crude Oil +3.95%
Ethanol +0.00%
Heating Oil +3.51%
Natural Gas +0.33%
RBOB Gasoline +2.23%
WTI Crude Oil +4.55%
Metals
Copper +0.00%
Gold 100oz +0.08%
Palladium +0.21%
Platinum +0.19%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.04% USDJPY:-0.15%

MINTs
USDIDR(IDN) +0.28%
USDMXN(MEX) -0.06%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) +1.96%
USDCNY(CHN) +0.02%
USDINR(IND) +0.36%
USDRUB(RUS) -0.25%
USDZAR(ZAF) +0.20%
Agricultural
Cocoa +0.00%
Coffee (Arabica) +1.64%
Orange Juice +0.35%
Soybean Meal -0.28%
Cotton -0.43%
Feeder Cattle +0.00%
Lean Hogs +0.00%
Lumber +0.80%
Soybeans +0.00%
Sugar #11 +0.48%
Wheat +0.53%
White Sugar +0.00%
Cattle +0.00%
Coffee (Robusta) +0.00%
Corn +0.25%

Credit Indices

Index Change
Markit CDX EM +0.18%
Markit CDX NA HY -0.06%
Markit CDX NA IG +0.24%
Markit iTraxx Asia ex-Japan IG -0.96%
Markit iTraxx Australia -0.45%
Markit iTraxx Europe -0.94%
Markit iTraxx Europe Crossover -2.58%
Markit iTraxx Japan -0.62%
Markit iTraxx SovX Western Europe +0.10%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +1.29%
Oil: up. Equities: down. Dollar: up. Risk: OFF.

Must reads

FYI, Ranbaxy will stop trading from April 6, 2015.

Bids for 4G spectrum is 80% above reserve price. Can they charge consumers enough to justify these prices? (ET)

MF upfront commissions capped at 1% from April 1. Hopefully this will stop the rampant miss-selling going on in the closed-ended NFO sector. (TOI, #fund)

IMF: India’s net international investment position has fallen to –17% of GDP. (LiveMint, #economy)

The Fed’s zero rates and quantitative easing flooded the emerging world with dollar liquidity in the boom years, overwhelming all defences. Foreigners have borrowed $9 trillion in US currency outside American jurisdiction. This is up from $2 trillion in 2000. The dollar index (DXY) has soared 24% since July, and 40% since mid-2011. How badly will this end? (Telegraph)

Traders have resumed buying call options that pay out if benchmark US crude futures surpass $100 by the end of 2018. (FT)

Good luck!

Options Daily 26.03.2015

Summary: Apr NIFTY 8800 calls added 373,150 contracts while 9100 calls shed 32,300. On the Put side of the equation, the 8200 strike added 287,300 while the 8750’s shed 350.

MAR NIFTY OI

MAR NIFTY OI chart

MAR BANKNIFTY OI

MAR BANKNIFTY OI chart

APR NIFTY OI

APR NIFTY OI chart

APR BANKNIFTY OI

APR BANKNIFTY OI chart

MAR NIFTY Volatility

MAR NIFTY Volatility chart

MAR BANKNIFTY Volatility

MAR BANKNIFTY Volatility chart

APR NIFTY Volatility

APR NIFTY Volatility chart

APR BANKNIFTY Volatility

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

Opening Bell 25.03.2015

Your world at 9am

world.2015-03-25

Equities

Major
DAX(DEU) +0.92%
CAC(FRA) +0.67%
UKX(GBR) -0.26%
NKY(JPN) -0.12%
SPX(USA) -0.61%
MINTs
JCI(IDN) -0.44%
INMEX(MEX) +0.19%
NGSEINDX(NGA) +0.27%
XU030(TUR) -2.19%
BRICS
IBOV(BRA) -0.78%
SHCOMP(CHN) -0.82%
NIFTY(IND) -0.09%
INDEXCF(RUS) +0.98%
TOP40(ZAF) +0.55%

Commodities

Energy
Brent Crude Oil +0.02%
Ethanol -0.73%
Heating Oil +0.22%
Natural Gas -0.97%
RBOB Gasoline -0.15%
WTI Crude Oil -0.11%
Metals
Copper -0.20%
Gold 100oz +0.00%
Palladium +0.03%
Platinum -0.31%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.07% USDJPY:-0.11%

MINTs
USDIDR(IDN) +0.12%
USDMXN(MEX) -0.01%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.19%
BRICS
USDBRL(BRA) +0.23%
USDCNY(CHN) +0.07%
USDINR(IND) +0.10%
USDRUB(RUS) -0.05%
USDZAR(ZAF) +0.10%
Agricultural
Cocoa +0.00%
Corn +0.32%
Cotton +0.16%
Coffee (Robusta) +0.00%
Feeder Cattle +0.00%
Soybean Meal +0.15%
Sugar #11 -2.90%
Wheat +0.43%
White Sugar +0.00%
Lean Hogs +0.00%
Orange Juice +2.29%
Soybeans +0.08%
Cattle +0.00%
Coffee (Arabica) -2.93%
Lumber +1.19%

Credit Indices

Index Change
Markit CDX EM +0.06%
Markit CDX NA HY +0.01%
Markit CDX NA IG -0.02%
Markit iTraxx Asia ex-Japan IG -0.75%
Markit iTraxx Australia -0.38%
Markit iTraxx Europe +1.96%
Markit iTraxx Europe Crossover +7.81%
Markit iTraxx Japan -0.74%
Markit iTraxx SovX Western Europe -0.31%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) -0.20%
Overnight equity markets ended in the red and this morning’s take is not any better…

Must reads

From Modi to Dhobi in less than a year. Business Sentiment Indicator fell 4.8% to 63 in March, the lowest level since April 2014. (LiveMint, #economy)

Sebi has been asked to furnish its fee income details earned since 2012 till date by the service tax department. As per initial assessment by the tax department, Sebi’s service tax liability will be more than Rs 500 crore. #LOL. (DNA, #SEBI)

The next billion dollar idea is the shit. (Guardian)

China wants to buy Europe. (BV)

Good luck!

Options Daily 25.03.2015

Summary: Apr NIFTY 8700 calls added 376,075 contracts while 9200 calls shed 80,775. On the Put side of the equation, the 8600 strike added 240,625 while the 8400’s shed 49,875.

MAR NIFTY OI

MAR NIFTY OI chart

MAR BANKNIFTY OI

MAR BANKNIFTY OI chart

APR NIFTY OI

APR NIFTY OI chart

APR BANKNIFTY OI

APR BANKNIFTY OI chart

MAR NIFTY Volatility

MAR NIFTY Volatility chart

MAR BANKNIFTY Volatility

MAR BANKNIFTY Volatility chart

APR NIFTY Volatility

APR NIFTY Volatility chart

APR BANKNIFTY Volatility

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