Tag: daily

Opening Bell 13.06.2014

Your world at 9am

world equity markets 2014-06-13

Equities

Major
DAX(DEU) -0.11%
CAC(FRA) -0.02%
UKX(GBR) +0.06%
NKY(JPN) -0.64%
SPX(USA) -0.71%
MINTs
JCI(IDN) -0.27%
INMEX(MEX) -0.74%
NGSEINDX(NGA) -0.99%
XU030(TUR) +1.00%
BRICS
IBOV(BRA) +0.91%
SHCOMP(CHN) +0.58%
NIFTY(IND) +0.30%
INDEXCF(RUS) +0.56%
TOP40(ZAF) -0.12%

Commodities

Energy
Brent Crude Oil +0.38%
Ethanol +0.00%
Heating Oil +0.22%
Natural Gas -0.25%
RBOB Gasoline +0.05%
WTI Crude Oil +0.53%
Metals
Copper +0.00%
Gold 100oz -0.01%
Palladium +0.71%
Platinum +0.72%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.03% USDJPY:+0.11%

MINTs
USDIDR(IDN) -0.03%
USDMXN(MEX) +0.13%
USDNGN(NGA) +0.26%
USDTRY(TUR) +0.36%
BRICS
USDBRL(BRA) -0.11%
USDCNY(CHN) -0.18%
USDINR(IND) -0.04%
USDRUB(RUS) -0.15%
USDZAR(ZAF) +0.21%
Agricultural
Cattle +0.39%
Cocoa -1.11%
Coffee (Arabica) +0.32%
Coffee (Robusta) +0.57%
Corn +0.68%
Cotton -0.01%
Feeder Cattle +0.07%
Lean Hogs +0.02%
Lumber +0.26%
Orange Juice -0.71%
Soybean Meal +0.79%
Soybeans +0.64%
Sugar #11 -0.71%
Wheat +0.64%
White Sugar -0.26%

Must reads

IMF: Indian home prices are tumbling rapidly, declining 9% from a year ago as high inflation has cut into consumption and elevated interest rates hit affordability. At the end of March, there was 806 million sq. ft of unsold homes across India. At the average sales rate of 60-70 million sq. ft per month, it would take 12-13 quarters or about three years to unload this inventory. (LiveMint, LiveMint, #real estate)

The dominant emotion at bottoms is fear – a palpable and very recognizable state. Tops on the other hand, come about through the combination of greed, complacency and indifference. This is a much more challenging set of factors to identify. (Bloomberg)

Iran is fighting alongside Iraq. Who would’ve thunk that?! (WSJ)

Good luck and have a nice weekend!

Opening Bell 12.06.2014

Your world at 9am

world equity markets 2014-06-12

Equities

Major
DAX(DEU) -0.79%
CAC(FRA) -0.87%
UKX(GBR) -0.50%
NKY(JPN) -0.77%
SPX(USA) -0.35%
MINTs
JCI(IDN) -0.55%
INMEX(MEX) -0.41%
NGSEINDX(NGA) +0.29%
XU030(TUR) -3.28%
BRICS
IBOV(BRA) +0.91%
SHCOMP(CHN) -0.35%
NIFTY(IND) -0.39%
INDEXCF(RUS) +0.56%
TOP40(ZAF) -0.19%

Commodities

Energy
Brent Crude Oil +0.35%
Ethanol +0.00%
Heating Oil +0.06%
Natural Gas +0.51%
RBOB Gasoline +0.20%
WTI Crude Oil +0.20%
Metals
Copper +0.00%
Gold 100oz -0.02%
Palladium +0.02%
Platinum -0.15%
Silver 5000oz +0.00%

Currencies

USDEUR:-0.09% USDJPY:+0.05%

MINTs
USDIDR(IDN) +0.02%
USDMXN(MEX) +0.11%
USDNGN(NGA) -0.13%
USDTRY(TUR) +0.09%
BRICS
USDBRL(BRA) +0.40%
USDCNY(CHN) -0.12%
USDINR(IND) +0.12%
USDRUB(RUS) +0.08%
USDZAR(ZAF) -0.06%
Agricultural
Cattle +0.28%
Cocoa +1.38%
Coffee (Arabica) +3.56%
Coffee (Robusta) +3.68%
Corn +0.00%
Cotton -0.04%
Feeder Cattle +0.44%
Lean Hogs -0.22%
Lumber +1.08%
Orange Juice -1.27%
Soybean Meal +0.33%
Soybeans +0.35%
Sugar #11 -0.82%
Wheat +0.38%
White Sugar -0.83%

Must reads

The commerce ministry has recommended abolishing the dividend distribution tax (DDT) and minimum alternative tax (MAT) levied on special economic zones (SEZs), and rationalization of duties on gold imports. (Livemint, #economy)

HSBC’s Stephen King joins the growing ranks of concerned types who worry that it’s only a matter of time before the house of cards we are building collapses, especially given that we’re now at beyond 2008 levels on almost all fronts. Key takeaway: “Macroeconomic policy should not be designed to create the illusion of certainty because, ultimately, the illusion only encourages complacency, excessive risk taking and eventual financial instability.” (FT)

“In expert tennis, about 80 per cent of the points are won; in amateur tennis, about 80 per cent of the points are lost. In other words, professional tennis is a Winner’s Game – the final outcome is determined by the activities of the winner – and amateur tennis is a Loser’s Game – the final outcome is determined by the activities of the loser. The two games are, in their fundamental characteristic, not at all the same. They are opposites.” (Avoid Stupidity)

Good luck!

Opening Bell 11.06.2014

Your world at 9am

world equity markets 2014-06-11

Equities

Major
DAX(DEU) +0.20%
CAC(FRA) +0.13%
UKX(GBR) -0.02%
NKY(JPN) +0.28%
SPX(USA) -0.02%
MINTs
JCI(IDN) +0.01%
INMEX(MEX) +0.01%
NGSEINDX(NGA) -0.21%
XU030(TUR) +1.16%
BRICS
IBOV(BRA) +0.61%
SHCOMP(CHN) -0.16%
NIFTY(IND) +0.02%
INDEXCF(RUS) +0.27%
TOP40(ZAF) +1.31%

Commodities

Energy
Brent Crude Oil +0.20%
Ethanol +0.00%
Heating Oil +0.14%
Natural Gas +0.04%
RBOB Gasoline +0.31%
WTI Crude Oil +0.13%
Metals
Copper +0.00%
Gold 100oz +0.17%
Palladium -0.18%
Platinum -0.22%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.15% USDJPY:-0.11%

MINTs
USDIDR(IDN) -0.09%
USDMXN(MEX) +0.09%
USDNGN(NGA) +0.04%
USDTRY(TUR) -0.03%
BRICS
USDBRL(BRA) -0.20%
USDCNY(CHN) +0.04%
USDINR(IND) +0.08%
USDRUB(RUS) +0.07%
USDZAR(ZAF) -0.04%
Agricultural
Cattle +0.05%
Cocoa +0.15%
Coffee (Arabica) +0.82%
Coffee (Robusta) -0.37%
Corn +0.17%
Cotton +0.20%
Feeder Cattle -0.21%
Lean Hogs +0.26%
Lumber -1.24%
Orange Juice +0.82%
Soybean Meal +0.00%
Soybeans -0.07%
Sugar #11 -0.24%
Wheat +0.33%
White Sugar +0.02%

Must reads

Labor reforms, light at the end of the tunnel? (LiveMint, #economy)

In the first nine months he was in charge, Mr. Murthy succeeded in cutting operating expenses more than 15% and widening Infosys operating margins by 3.6 percentage points to 25.5%. Profit rose 16% from a year earlier, while revenue measured in dollars grew 11%. And yet… (WSJ, related) [stockquote]INFY[/stockquote]

Arvind is planning to launch an e-commerce website that will initially sell personalized or customized apparel and suits for men. Will Arvind succeed where so many before them have failed? (LiveMint) [stockquote]ARVIND[/stockquote]

Good luck!

Opening Bell 10.06.2014

Your world at 9am

world equity markets 2014-06-10

Equities

Major
DAX(DEU) +0.21%
CAC(FRA) +0.17%
UKX(GBR) +0.24%
NKY(JPN) -0.44%
SPX(USA) +0.09%
MINTs
JCI(IDN) +0.77%
INMEX(MEX) +0.56%
NGSEINDX(NGA) +0.19%
XU030(TUR) +0.49%
BRICS
IBOV(BRA) +2.15%
SHCOMP(CHN) +0.41%
NIFTY(IND) +0.94%
INDEXCF(RUS) +0.03%
TOP40(ZAF) +0.46%

Commodities

Energy
Brent Crude Oil +0.19%
Ethanol +0.00%
Heating Oil +0.08%
Natural Gas -0.56%
RBOB Gasoline +0.15%
WTI Crude Oil +0.28%
Metals
Copper +0.00%
Gold 100oz +0.04%
Palladium +0.04%
Platinum -0.04%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.01% USDJPY:-0.15%

MINTs
USDIDR(IDN) +0.25%
USDMXN(MEX) +0.03%
USDNGN(NGA) -0.12%
USDTRY(TUR) -0.03%
BRICS
USDBRL(BRA) -0.80%
USDCNY(CHN) -0.11%
USDINR(IND) +0.01%
USDRUB(RUS) -0.26%
USDZAR(ZAF) -0.04%
Agricultural
Cattle -0.12%
Cocoa +0.15%
Coffee (Arabica) -3.89%
Coffee (Robusta) -1.26%
Corn -0.44%
Cotton +0.17%
Feeder Cattle +0.20%
Lean Hogs +0.61%
Lumber +0.79%
Orange Juice +0.58%
Soybean Meal +0.00%
Soybeans +0.14%
Sugar #11 +0.65%
Wheat +0.16%
White Sugar -0.07%

Must Reads

India, still cheap:

cheap and expensive world markets

Modi wants to bring back more than $2 trillion of black money stashed abroad. (Bloomberg)

You can open a bank account without a formal address proof. A simple declaration by the customer detailing his or her local address will suffice. But don’t tell that to Globe’s KYC “Rejection” team! (LiveMint)

The only things left out of Modi’s roadmap are flying cars and jet-packs. (WSJ)

Good luck!

Opening Bell 09.06.2014

Your world at 9am

world equity markets 2014-06-09

Equities

Major
DAX(DEU) +0.40%
CAC(FRA) +0.71%
UKX(GBR) +0.66%
NKY(JPN) +0.52%
SPX(USA) +0.46%
MINTs
JCI(IDN) -0.09%
INMEX(MEX) +1.47%
NGSEINDX(NGA) -0.10%
XU030(TUR) +0.86%
BRICS
IBOV(BRA) +3.04%
SHCOMP(CHN) +0.43%
NIFTY(IND) +1.46%
INDEXCF(RUS) +0.97%
TOP40(ZAF) -0.12%

Commodities

Energy
Brent Crude Oil +0.09%
Ethanol +2.66%
Heating Oil -0.02%
Natural Gas +0.45%
RBOB Gasoline +0.02%
WTI Crude Oil +0.19%
Metals
Copper +0.18%
Gold 100oz +0.04%
Palladium +0.09%
Platinum +0.08%
Silver 5000oz +0.00%

Currencies

USDEUR:+0.01% USDJPY:+0.03%

MINTs
USDIDR(IDN) -0.32%
USDMXN(MEX) -0.07%
USDNGN(NGA) -1.09%
USDTRY(TUR) +0.02%
BRICS
USDBRL(BRA) -0.65%
USDCNY(CHN) -0.15%
USDINR(IND) -0.25%
USDRUB(RUS) -0.79%
USDZAR(ZAF) -0.10%
Agricultural
Cattle +0.93%
Cocoa -0.31%
Coffee (Arabica) +1.45%
Coffee (Robusta) +0.26%
Corn -0.71%
Cotton -0.07%
Feeder Cattle +0.35%
Lean Hogs +1.61%
Lumber -0.49%
Orange Juice -0.24%
Soybean Meal +0.39%
Soybeans +0.34%
Sugar #11 +0.89%
Wheat +1.01%
White Sugar +0.04%

Must Reads

Aadhaar: death by a thousand cuts. (ET)

Rajasthan’s cabinet approved changes that will make hiring and firing of employees more flexible. The move, if endorsed by the Centre, could set off a domino effect if other states follow and could well lead to decentralization of the labour market and the creation of 29 labour markets in the country—one in every state. (LiveMint)

There are more than 250 CPSEs in the country and collectively they are estimated to have total cash and bank balance of close to Rs 3 lakh crore. Sebi wants the government to allow all of them to invest in mutual funds. (ET)

Good luck!