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

Registration of companies declines 50 per cent on compliance norms!

The 50-share Nifty index is expected to open flat on Tuesday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 7950 in trade today. Stocks in news are SCI, GAIL, Bajaj Finance, United Breweries, Ballarpur Ind, ONGC, Neyveli Lignite, BHEL, RCF, CIPLA and ICICI Bank.

Today’s Headlines

1) Registration of companies declines 50 per cent on compliance norms.

2) Mondelez India Foods posts 64 per cent rise in PAT in 2013.

3) Sajjan Jindal led-JSW Steel in talks to buy stake in London Mining.

4) International Finance Corporation to invest $100 mn in Bilt Paper equity.

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

Commodity Key Headlines

1) Lundin to Buy Freeport Chile Copper Mine for $1.8 Billion.

2) Nickel Holds Gain at Week High as LME’s Leading Metal in October.

3) WTI Holds Above $90 Before U.S. Fuel Supply Data; Brent Steady.

4) Hockey Says Falling Commodity Prices to Hurt Australia’s Budget.

5) Glencore Said to Lay Groundwork for Potential Rio Merger.

6) EU Manufacturing Reaps $2.5 Billion Permit Win: Carbon & Climate.

7) Chile Top Renewables Market on Sunny Desert, Windy Shores.

8) Cotton Glut Eroding Cost for Gap Jeans as China Buys Less.

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

Fortescue in Talks to Order Four More Ore Ships to Reduce Costs

Currency Key Headlines

1) India’s rupee fell for a second day amid speculation importers were buying dollars to pay bills.

2) U.S. stocks rose as Federal Reserve Chair Janet Yellen told lawmakers the central bank must press on with monetary stimulus as “significant slack” remains in labor markets and inflation is still below the Fed’s goal.

3) Global regulators published details of their plans to overhaul foreign-exchange benchmarks in response to allegations traders colluded to manipulate rates in the $5.3 trillion-a-day currency market.

Commodity Key Headlines

1) Eni’s ‘Italian Thatcher’ May Face Down Unions to Shut Refineries.

2) Corn Option Betting on 23% Gain Was Most-Traded Yesterday.

3) Fortescue in Talks to Order Four More Ore Ships to Reduce Costs.

4) California Drought Cuts Water for Farming to Record Lows.

5) Zinc Rises on Falling Stockpiles, China’s Economic Data.

6) Gold Trades below $1,300 as U.S. Dollar Strength Hurts Demand.

7) Oil Trade Dormant Since ’10 Revives as Brent Spreads Grow.

8) WTI Oil Falls Below $100 a Barrel as Supply Risks Abate.

Read detail analysis report here: - http://www.rrfinance.com/Reserch/ResearchHome.aspx

Euro Falls to Two-Month Low versus Yen on ECB Bets

The Indian rupee rose on Tuesday to its strongest close against the dollar in nearly 10 months as shares surged to record highs after exit polls showed opposition Bharatiya Janata Party and its allies clinching a majority in the country's elections. Markets have been already pricing in a win by the BJP, hoping that the coalition led by Narendra Modi would revive an economy growing at its slowest pace in a decade and attract more foreign investment. J.P.Morgan estimates that RBI interventions since February have totaled nearly $20 billion, with an estimated $4.1 billion in dollar purchases since the start of May, according to a note on Tuesday.

 

Today’s Headlines

1) Euro Falls to Two-Month Low versus Yen on ECB Bets
2) Pound Weakens as Rate-Increase Bets Pushed Back After BOE
3) Ukraine Crisis Weighs on East Europe as EBRD Meets
4) Former BOJ Policy Maker Sees Japan Inflation Dilemma
5) WTI Rises for Third Day as Cushing Stockpiles Drop

Find full analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Euro Climbs to Three-Week High!

The Indian rupee rose for a second consecutive session on Wednesday, boosted by large dollar sales
by exporters, but gains were capped by caution ahead of the U.S. Federal Reserve's policy meeting this week and as shares fell to 2-1/2 week lows. The currency fell 0.7 percent in April after having hit an eight-month high of 59.5950 on April 2, as a rally in domestic shares stalled as India embarked on a five-week election process set to conclude next month. The monthly fall snapped a 4.6 percent rally over February and March sparked by heavy foreign buying of shares on the back of an improving domestic economy.

Today’s Headlines

1) Euro Climbs to Three-Week High as QE Bets Pared; Aussie Advances.
2) Fed to Keep Trimming Stimulus as Economy Shakes Off Stall.
3) WTI Trades at 4-Week Low as Crude Supplies Rise.
4) Pound Rises to Four-Year High as Manufacturing Beats Forecasts.
5) BOJ Inflation Confidence Seen Cutting Chance of Stimulus.

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