Markets
Equities
|
Indice |
Latest |
Day Change |
|
S&P 500 |
1409 |
+ 0.79% |
|
FTSE 100 |
5806 |
+ 0.06% |
|
NSE (India) |
5788 |
+ 1.06% |
|
Nikkei 225 |
9377 |
+ 0.75% |
|
Shanghai Comp |
1975 |
+ 0.10% |
Debt
|
Security- 10 year |
Latest |
Day Change |
|
US Treasury |
1.63% |
+ 0.00% |
|
UK Gilts |
1.77% |
+ 0.00% |
|
India G-sec |
8.02% |
+ 0.75% |
|
German Bunds |
1.38% |
+ 0.01% |
Commodities
|
Commodity |
Latest |
Day Change |
|
Gold (100 oz) |
$1720 |
+ 0.20% |
|
Copper (tonne) |
$7720 |
+ 0.23% |
|
Brent Crude |
$109.79 |
+ 0.26% |
Economy
• Brazil to grow 4%: According to Mantega, Brazil’s economy is expected to have grown 4% in Q3, and this growth is likely to carry on into Q4. The Brazilian central bank has kept lending rates unchanged for the first time in over a year. Brazil has seen only marginal growth in the previous 4 quarters.
- Goldman Sachs upgrades India’s outlook: GS has updated India’s status to ‘overweight’ from ‘market weight’, citing growth recovery and inflation moderation in the near future.
- RBI may buy back bonds: In light of the cash shortage in the Indian system, the central bank has said that it may buy back bonds from investors to ease the situation a bit.
Companies
• SAC face insider trading charges: SAC Capital is likely to face civil fraud charges in a case of insider trading. SAC is one of the most successful hedge-funds of all time, and the charges come as a shock. SAC is confident of being exonerated and are ‘cooperating’ with the inquiry.
• BP faces sanction: Britsh Petroleum is facing a temporary ban on US govt. contracts after its failings in the deepwater horizon disaster, which killed 11 people and created the largest oil spill of all time.
The Daily Mundane 