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.

 

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