|S&P 500||1415||+ 0.43%|
|FTSE 100||5870||+ 1.15%|
|NSE (India)||5835||+ 0.18%|
|Nikkei 225||9481||+ 0.86%|
|Shanghai Comp||1974||+ 0.56%|
|Security- 10 year||Latest||Day Change|
|US Treasury||1.62%||+ 0.00%|
|UK Gilts||1.79%||+ 0.03%|
|India G-sec||7.95%||– 0.87%|
|German Bunds||1.37%||+ 0.00%|
|Gold (100 oz)||$1727||+ 0.04%|
|Copper (pound)||$3.59||+ 0.28%|
|Brent Crude||$110.43||– 0.30%|
• EU may pursue Japan trade deal: EU will launch trade negotiations with Japan on a bilateral agreement. A successful deal would possibly add 420000 new jobs, majorly in Pharmaceuticals, business services, and F&B.
India’s Real estate sees drop: Indian real estate market has seen a major drop in foreign investments coming in. Compared to the investments of close to $20 billion in 2006-09, only $2-3 billion has seen an exit.
• India’s domestic air travel market worst performing: According to IATA, India’s domestic market is the worst performing aviation market in the world. The 12.4% plunge seen in October 2012, is the highest in the world. This is majorly being blamed on the high operating costs for the carriers, with a distinct lack on the govt’s part to rationalise jet fuel prices.
• UK banks face shortfall: In the light of the fact that the Bank of England requires UK banks to meet its valuation policies, UK banks will need to raise £20-50 billion to meet requirement or dramatically restructure their businesses.