Tuesday 7 October 2014

Trading Houses May Sit on $13 Billion Risk, Daiwa Says

Commodity Market Key Headlines

1) Gold Extends Rebound From 2014 Low as China Returns From Break.

2) Shale Boom Tested as Sub-$90 Oil Threatens U.S. Drillers.

3) Morgan Stanley Boosts Aluminum Forecast on Demand ‘Tailwind’.

4) Coffee Crop in Vietnam Expanding to Almost Match Record.

5) Trading Houses May Sit on $13 Billion Risk, Daiwa Says.

6) Glencore-Rio Has Industry Evaluating Future: Real M&A.

7) Cliffs Cut to Junk by S&P after Plunge in Iron Ore Price.

8) WTI Closes at 17-Month Low on Supply Outlook; Brent Drops.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Cm_MorningBell.pdf

The 50-share Nifty index is expected to open lower on Wednesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological support level of 7840 in trade today. Stocks in news are Can Fin Homes, Canara Bank, KTK, Neyveli Legnite, Coal India, L&T, DLF, IVRCL, Texmaco Rail & Engineering, RIL and Punj Lloyd.

Today’s Headlines

1) M&M to acquire 51% stake in Peugeot Motorcycle for Rs 216 crore.

2) Trident Ltd to invest Rs 2,400 crore in Madhya Pradesh textile project.

3) M3M India awards Rs 133 crore contract to German kitchen appliance maker Miele.

4) REIL proposes solar panel manufacturing unit in Andhra Pradesh.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf

Debt market Key Headlines

1) Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year.

2) A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Db_MorningBell.pdf

Currency Key Headlines

1) The euro slipped versus the majority of its 16 main peers as German industrial production fell the most since 2009, underscoring the risk of a slowdown that may pressure the European Central Bank to expand stimulus.

2) Russia’s central bank spent at least $1.68 billion to prop up the ruble over the last two trading days, its biggest intervention since President Vladimir Putin’s incursion into Ukraine in March.

3) The pound rose the most in three weeks versus the euro as U.K. manufacturing grew for a third month in August, while German industrial output shrank, adding to signs Britain’s recovery is outpacing that in Europe.

For more information please visit:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

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