30 Nov 2012: India’s real estate sees drop, UK banks face shortfall

Markets

 

Equities

Indice Latest Day Change
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%

 

Debt

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%

 

Commodities

Commodity Latest Day Change
Gold (100 oz) $1727 + 0.04%
Copper (pound) $3.59 + 0.28%
Brent Crude $110.43 – 0.30%

 

Economy

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.

Companies

• 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.

 

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29 Nov 2012: BP faces sanctions, Markets mildly bullish

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.