Tag: daily

Opening Bell 02.06.2014

Your world at 9am

world equity markets 2014-06-02

Equities

Major
DAX(DEU) +0.04%
CAC(FRA) -0.24%
UKX(GBR) -0.39%
NKY(JPN) +1.79%
SPX(USA) +0.18%
MINTs
JCI(IDN) -0.02%
INMEX(MEX) -1.57%
NGSEINDX(NGA) +2.95%
XU030(TUR) +0.25%
BRICS
IBOV(BRA) -1.91%
SHCOMP(CHN) -0.07%
NIFTY(IND) -0.08%
INDEXCF(RUS) -1.06%
TOP40(ZAF) -0.23%

Commodities

Energy
Brent Crude Oil +0.28%
Ethanol -0.21%
Heating Oil +0.25%
Natural Gas +0.68%
RBOB Gasoline +0.40%
WTI Crude Oil +0.42%
Metals
Copper +0.62%
Gold 100oz +0.16%
Palladium +0.11%
Platinum -0.08%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.04% USDJPY:+0.27%

MINTs
USDIDR(IDN) +0.50%
USDMXN(MEX) +0.07%
USDNGN(NGA) +0.00%
USDTRY(TUR) +0.04%
BRICS
USDBRL(BRA) +0.78%
USDCNY(CHN) -0.11%
USDINR(IND) +0.11%
USDRUB(RUS) +0.69%
USDZAR(ZAF) -0.04%
Agricultural
Cattle -0.49%
Cocoa +0.83%
Coffee (Arabica) -2.45%
Coffee (Robusta) -4.06%
Corn -0.91%
Cotton -0.35%
Feeder Cattle -0.03%
Lean Hogs -0.72%
Lumber -0.61%
Orange Juice +2.47%
Soybean Meal +0.12%
Soybeans -0.69%
Sugar #11 -0.63%
Wheat -1.32%
White Sugar -0.65%

Must reads

Voices:

  • The Indian economy needs to worry less about inflation and more about growth and reform – Columbia University economics professor Arvind Panagariya. (WSJ)
  • The new government will have to play its role in taming inflation. India cannot get back to the path of sustained growth unless it first gets inflation under control. – LiveMint
  • The country must move towards an era of discipline to reduce the fiscal shortfall, contain inflation and improve economic growth. “Short term disciplining till we reverse the present trend will give us long term benefits.” – Finance minister Arun Jaitley (LiveMint) #inflation #rates #economy

Evolution: as the human brain has got stronger, so the species’s muscles have got weaker. Keeping the brain running is so demanding that only the invention of cooking, which makes more nutrients available from a given amount of food than can be extracted from it in its raw state, permitted the neurological expansion which created Homo sapiens. This need to supply the brain with energy suggests that other human organs are under pressure to economise. And muscle, it seems, has economised a lot. (Economist)

Charlie Munger on Human Misjudgement:

Good luck!

Opening Bell 30.05.2014

Your world at 9am

world equity markets 2014-05-30

Equities

Major
DAX(DEU) -0.00%
CAC(FRA) -0.02%
UKX(GBR) +0.29%
NKY(JPN) -0.55%
SPX(USA) +0.54%
MINTs
JCI(IDN) -0.97%
INMEX(MEX) +0.25%
NGSEINDX(NGA) +0.56%
XU030(TUR) +1.82%
BRICS
IBOV(BRA) -0.76%
SHCOMP(CHN) -0.22%
NIFTY(IND) -1.28%
INDEXCF(RUS) +1.50%
TOP40(ZAF) +0.03%

Commodities

Energy
Brent Crude Oil +0.05%
Ethanol +0.00%
Heating Oil +0.00%
Natural Gas +0.22%
RBOB Gasoline +0.13%
WTI Crude Oil -0.19%
Metals
Copper -0.27%
Gold 100oz +0.07%
Palladium +0.31%
Platinum +0.49%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.04% USDJPY:-0.26%

MINTs
USDIDR(IDN) -0.08%
USDMXN(MEX) -0.04%
USDNGN(NGA) -0.34%
USDTRY(TUR) +0.06%
BRICS
USDBRL(BRA) -0.35%
USDCNY(CHN) -0.00%
USDINR(IND) +0.18%
USDRUB(RUS) +0.25%
USDZAR(ZAF) +0.03%
Agricultural
Cattle +0.33%
Cocoa +0.57%
Coffee (Arabica) +3.07%
Coffee (Robusta) +1.41%
Corn +0.53%
Cotton +0.46%
Feeder Cattle +0.09%
Lean Hogs -0.02%
Lumber +0.16%
Orange Juice -1.04%
Soybean Meal +0.48%
Soybeans +0.37%
Sugar #11 +2.28%
Wheat -0.08%
White Sugar +1.33%

Must reads

Modi’s got a plan. #1 and #2 are mutually exclusive (Build confidence in bureaucracy and welcome innovative ideas.) The rest of it is “I’ll try to do my job.” (LiveMint)

Individuals who use technical analysis make bad decisions that result in “dramatically lower returns than other investors.” (Bloomberg)

AirAsia India will begin commercial flights from June 12. It plans to offer fares lower than its competitors by keeping a tight check on costs. (WSJ)

Good luck and have a nice weekend!

Opening Bell 29.05.2014

Your world at 9am

world equity markets 2014-05-29

Equities

Major
DAX(DEU) -0.02%
CAC(FRA) +0.04%
UKX(GBR) +0.09%
NKY(JPN) -0.05%
SPX(USA) -0.11%
MINTs
JCI(IDN) +0.44%
INMEX(MEX) -0.21%
NGSEINDX(NGA) +0.56%
XU030(TUR) +0.49%
BRICS
IBOV(BRA) +0.89%
SHCOMP(CHN) +0.06%
NIFTY(IND) +0.16%
INDEXCF(RUS) +0.61%
TOP40(ZAF) -0.28%

Commodities

Energy
Brent Crude Oil +0.11%
Ethanol +0.38%
Heating Oil +0.10%
Natural Gas +0.09%
RBOB Gasoline +0.02%
WTI Crude Oil +0.23%
Metals
Copper -0.39%
Gold 100oz -0.18%
Palladium -0.42%
Platinum -0.20%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.12% USDJPY:-0.17%

MINTs
USDIDR(IDN) +0.46%
USDMXN(MEX) -0.02%
USDNGN(NGA) +0.01%
USDTRY(TUR) -0.08%
BRICS
USDBRL(BRA) -0.25%
USDCNY(CHN) -0.10%
USDINR(IND) -0.19%
USDRUB(RUS) +0.47%
USDZAR(ZAF) +0.00%
Agricultural
Cattle +0.72%
Cocoa +0.47%
Coffee (Arabica) -1.48%
Coffee (Robusta) -3.71%
Corn -0.11%
Cotton +0.15%
Feeder Cattle +0.51%
Lean Hogs -0.04%
Lumber +0.10%
Orange Juice +0.00%
Soybean Meal +0.34%
Soybeans +0.47%
Sugar #11 +0.76%
Wheat +0.23%
White Sugar +0.41%

Must reads

Finance minister Arun Jaitley may meet state finance ministers soon to sort out differences, ensure early rollout of GST. (LiveMint, #economy)

Rajan is a worried man. He thinks there should be an independent multilateral agency to vet the spillover effects of monetary policies. Short of that, he said, central banks should at least worry more about the immediate and long-term impact of their policies on other countries. Here’s to playing the world’s saddest song on the world’s smallest violin. (WSJ)

IPOs FTW! On tap: tax breaks, a bigger share for retail investors in IPOs and quick follow-on offers at attractive prices in three-four large public sector companies. (ET)

Good luck!

Opening Bell 28.05.2014

Your world at 9am

world equity markets 2014-05-28

Equities

Major
DAX(DEU) +0.49%
CAC(FRA) +0.06%
UKX(GBR) +0.43%
NKY(JPN) +0.04%
SPX(USA) +0.60%
MINTs
JCI(IDN) +0.13%
INMEX(MEX) -0.09%
NGSEINDX(NGA) +0.77%
XU030(TUR) -1.55%
BRICS
IBOV(BRA) -1.44%
SHCOMP(CHN) +0.03%
NIFTY(IND) -0.56%
INDEXCF(RUS) -2.21%
TOP40(ZAF) -0.33%

Commodities

Energy
Brent Crude Oil +0.25%
Ethanol +0.00%
Heating Oil +0.28%
Natural Gas -0.09%
RBOB Gasoline +0.12%
WTI Crude Oil +0.08%
Metals
Copper -0.42%
Gold 100oz +0.00%
Palladium +0.13%
Platinum +0.23%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.04% USDJPY:-0.06%

MINTs
USDIDR(IDN) +0.27%
USDMXN(MEX) +0.03%
USDNGN(NGA) +0.07%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) +0.59%
USDCNY(CHN) +0.15%
USDINR(IND) +0.08%
USDRUB(RUS) +0.62%
USDZAR(ZAF) +0.01%
Agricultural
Cattle +0.18%
Cocoa +0.53%
Coffee (Arabica) -1.32%
Coffee (Robusta) -0.20%
Corn -0.21%
Cotton +0.27%
Feeder Cattle +0.26%
Lean Hogs -0.69%
Lumber -0.06%
Orange Juice -0.57%
Soybean Meal +0.63%
Soybeans +0.76%
Sugar #11 -2.07%
Wheat -0.35%
White Sugar -1.19%

Must reads

Analysts give thumbs up to Arun Jaitley as Finance Minister, followed by a wishlist. (ET, WSJ)

Indian buyers are skipping local rubber in favor of imports from Thailand, Vietnam and Malaysia because the imports are up to 15% cheaper, even with a 20% tax. Imports are now meeting nearly half of India’s monthly rubber demand of 80,000 tons, up from about a quarter a year ago. (WSJ)

Cafe Coffee Day, India’s biggest coffee chain with over 1,650 outlets, is planning a $1 billion IPO. (LiveMint, #ipo)

Good luck!

Opening Bell 27.05.2014

Your world at 9am

world equity markets 2014-05-27

Equities

Major
DAX(DEU) +1.28%
CAC(FRA) +0.75%
UKX(GBR) -0.07%
NKY(JPN) +0.87%
SPX(USA) +0.42%
MINTs
JCI(IDN) -0.18%
INMEX(MEX) +0.07%
NGSEINDX(NGA) -0.20%
XU030(TUR) +0.72%
BRICS
IBOV(BRA) +0.58%
SHCOMP(CHN) -0.19%
NIFTY(IND) -0.11%
INDEXCF(RUS) +0.72%
TOP40(ZAF) +0.25%

Commodities

Energy
Brent Crude Oil +0.22%
Ethanol +0.43%
Heating Oil +0.13%
Natural Gas -0.27%
RBOB Gasoline -0.17%
WTI Crude Oil +0.03%
Metals
Copper +0.46%
Gold 100oz +0.02%
Palladium +0.42%
Platinum +0.49%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.07% USDJPY:+0.02%

MINTs
USDIDR(IDN) -0.31%
USDMXN(MEX) -0.09%
USDNGN(NGA) -0.06%
USDTRY(TUR) +0.03%
BRICS
USDBRL(BRA) +0.05%
USDCNY(CHN) +0.03%
USDINR(IND) +0.35%
USDRUB(RUS) +0.11%
USDZAR(ZAF) -0.13%
Agricultural
Cattle -0.94%
Cocoa +0.00%
Coffee (Arabica) +0.11%
Coffee (Robusta) +0.00%
Corn -1.46%
Cotton -0.80%
Feeder Cattle +2.10%
Lean Hogs -0.38%
Lumber +0.63%
Orange Juice -0.03%
Soybean Meal -0.88%
Soybeans -0.97%
Sugar #11 +0.40%
Wheat -1.34%
White Sugar +0.00%

Must reads

We all have heard the slogans: “minimum government and maximum governance”, “red carpet, not red tape”. But the new government also has limited room for economic manoeuvre and the BJP plan is contradictory: it aims to reduce the budget deficit while maintaining current government spending. (FT)

Forget about earnings forecast and focus on valuation. The market tending to rise when valuations are low and to fall when valuations are high. Stocks with high valuations show little or even a negative reaction to positive earnings surprises. In contrast, stocks with low valuations can actually rise in price even though earnings are below the market’s expectations. (Pieria)

Warren Buffett on hi biggest early mistakes. Here’s gem: “I’ve said many times that when a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.” Read the whole thing here.

Good luck!