Tag Archives: Morning

Morning News Call – India, December 14

To access the newsletter, click on the link: here Aspects TO WATCH 11:00 am: Winter session of parliament continues. 12:00 pm: Government to release November wholesale value inflation information. five:30 pm: Government to release November consumer value inflation information. five:30 pm: India to auction unutilised foreign investment limits in government bonds. GMF ASIA - COMMODITIES Focus with Clyde Russell, Thomson Reuters Asia Commodities and Power Columnist. With over-provide continuing to plague most commodities, how do we anticipate this asset class to carry out subsequent year? Clyde will join us 9.30 am IST to share his outlook for commodities in 2016. To join the conversation click on the link here INDIA Leading NEWS  India's industrial output growth hits five-year higher India's industrial output grew at its fastest pace in 5 years in October, powered by manufacturing, bringing some cheer to investors fretting about a gridlock in parliament that has stalled important reforms.  Turkmenistan begins work on gas link to Afghanistan, Pakistan, India Turkmenistan on Sunday started perform on its component of a all-natural gas pipeline to Afghanistan, Pakistan and India, a $  10 billion project developed to minimize its dependence on gas sales to Russia and China.  India to get Japan's bullet train, deepens defence and nuclear ties Japan will offer $  12 billion of soft loans to build India's very first bullet train, the two nations announced during a go to by Japanese Prime Minister Shinzo Abe that also yielded deeper defence ties and a program for civil nuclear cooperation.  India slaps import duties on stainless steel to support regional firms India imposed import duties for 5 years on some stainless steel imports from China, the European Union and the United States on Friday, as the government tries to protect neighborhood companies suffering from what it says is unfair competitors.  India's RBI says hunting at bank powers to tackle stressed assets The Reserve Bank of India stated on Friday it would look at the way banks use measures intended to support them tackle a crippling bad-debt burden, as concern grows that lenders are making use of the tools to camouflage troubled loans as an alternative.  Coca-Cola India says might have to shut factories if new sin tax passed The Indian subsidiary of Coca-Cola Co said on Friday it could have to close some bottling plants if the government pushes by means of a proposal that would topic fizzy drinks to a 40 % "sin" tax, as component of a broader fiscal overhaul.  Mahindra close to obtain of Italian auto designer Pininfarina - sources Mahindra & Mahindra is close to signing a deal to purchase Italian auto designer Pininfarina, two sources with direct understanding of the matter mentioned on Friday, the most recent buy of an iconic Italian brand by an Asian company.  Indian metals trader expands reach in spite of downturn As a global rout in commodities drives metals traders to close up shop or lay off employees, Indian-owned industrial metals firm UD Group is setting out expansion plans, boosting employees and moving into a lot more nations. Global Top NEWS  China economy shows signs of steadying, a lot more policy assistance needed China's activity data was stronger than anticipated in November, with factory output development choosing up to a 5-month higher, signalling that a flurry of stimulus measures from Beijing could have put a floor below a fragile economy.  For China, climate deal is imperfect but massive step forward For China, the world's most significant greenhouse gas emitter, the international climate accord reached in Paris marked a enormous step toward greener development that safeguards its sovereignty although falling brief on funding for cleaner energy.  Brazilians take to streets to demand Rousseff's impeachment Tens of thousands of Brazilians took to the streets on Sunday to demand President Dilma Rousseff's ouster, but the first nationwide protests given that formal impeachment proceedings began had been smaller than comparable events earlier this year. Nearby MARKETS OUTLOOK (As reported by NewsRise)  The SGX Nifty Futures have been trading at 7,586.50, down .91 % from its previous close.  The Indian rupee may edge reduce against the dollar nowadays, tracking a probably weakness across neighborhood and regional share indices. Broad gains in the U.S. currency amid expectations the Federal Reserve would raise interest prices this week could also weigh on the domestic unit.  Indian government bonds are most likely to rise in early trade, as crude oil prices declined additional, easing issues about inflationary pressures. The gains could, even so, be capped as a jump in the nation's industrial production might delay future interest rate cuts by the central bank. The yield on the benchmark 7.72 % bond maturing in 2025 is likely to trade in a 7.75 percent-7.80 % range. International MARKETS  U.S. stocks closed sharply decrease on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil rates compounded investor nervousness on expectations for the 1st U.S. interest rate hike in almost a decade.  Asian stocks fell, China's yuan hit fresh four-1/two year lows as plunging oil prices added to investors' nervousness about riskier assets ahead of an anticipated U.S. rate rise by the Federal Reserve later in the week.  The dollar, euro and yen got off to a sedate start following a fairly uneventful weekend, but encouraging Chinese data place a small spring in the Aussie's step.  Yields on lengthy-dated U.S. Treasury debt declined to multiweek lows on Friday, as an extended drop in oil prices and weak stock markets spurred investors to seek the relative security of government bonds.  Crude oil futures slipped in early Asian trade, adding to a slump on Friday following a forecast from the International Energy Agency (IEA) that the global glut of oil is probably to deepen next year.  Gold started off a critical week on the back foot, as the Federal Reserve is expected to raise U.S. interest prices for the 1st time in practically a decade. MARKETS CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 67.13/67.16 December 11 -- -$  43.47 mln 10-yr bond yield 7.77 pct Month-to-date -$  821.31 mln -$  99.79 mln Year-to-date $  2.79 bln $  9.39 bln For further data: India govt bond market place volumes Stock marketplace reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Local market place closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] ($  1 = 66.71 Indian rupees) (Reporting by Samarendra Sahoo in Bengaluru)

Morning News Contact – India, December 4

To access the newsletter, click on the link: right here Aspects TO WATCH 11:00 a.m.: Winter session of parliament continues. 2:00 p.m.: NITI Aayog Vice Chairman Arvind Panagariya chairs a panel discussion. 5:00 p.m.: Junior Finance Minister Jayant Sinha at a panel discussion. five:00 p.m.: Weekly foreign exchange data. 6:30 p.m.: RBI Deputy Governor S.S.Mundra at an occasion. GMF: THE WEEKAHEAD - Join Reuters markets editor Mike Dolan as he goes via the key macroeconomic and political themes for the coming week at 1530 IST. To join the conversation, click on the link: right here INDIA Leading NEWS  Forget 'smart' new cities India wants old ones to be less dumb Prime Minister Narendra Modi has grand styles to construct 100 futuristic 'smart' cities in India, but as this week's devastating flooding in Chennai shows, fixing today's accident-prone metropolises appears to be the much more pressing job.  India army on war footing to rescue survivors as flood toll nears 270 The Indian military evacuated a lot more than two,000 residents stranded in the southern state of Tamil Nadu on Thursday as the death toll from flooding rose to 269 right after the heaviest cloudburst in over a century.  Car production halt in flood-hit Indian state might hit sales, exports International carmakers and auto part makers in India's flood-hit southern city of Chennai are becoming forced to preserve factory gates closed till Dec. five at least, which is likely to hit local sales and exports in coming months. [nL3N13S4AX  India targets temple gold hoard to rescue monetisation plan India is trying to persuade rich temples to deposit some of their gold hoards with banks to revive a strategy to recycle tonnes of the precious metal and reduce gold imports, sources said.  Lyft partners with Ola, GrabTaxi to reach Asian markets Lyft has formed new partnerships with two Asian on-demand ride solutions, Ola and GrabTaxi, as the U.S. company works to achieve a toehold in the booming overseas market.  India in talks with Mauritius on tax treaty problems: finmin official India is discussing a complete host of problems with Mauritius such as ways and implies of guaranteeing that a tax treaty with the island nation is not misused, Akhilesh Ranjan, a joint secretary in the tax division told reporters on Thursday.  Weather satellite startup will launch on Indian rocket A Colorado-primarily based startup establishing a satellite network to predict weather utilizing radio signals will launch its first two spacecraft on an Indian rocket, the business stated on Thursday. International Top NEWS  Draghi disappointment raises doubts more than ECB inflation powers A perceived lack of ambition in the European Central Bank's most recent stimulus efforts left financial markets with a niggling worry on Thursday that even 'Super Mario' Draghi may not be able to drag euro zone inflation back up to target.  U.S. authorities look for militant hyperlinks to shooters in California mass slaying The couple suspected of killing 14 people at a vacation celebration in California amassed thousands of rounds of ammunition and a dozen pipe bombs, authorities stated on Thursday as they sought clues to the pair's motives and regardless of whether they had links to Islamist militants.  Australians preserve purchasing in promising sign for Xmas Australian retail sales boasted a third month of solid growth in October as shoppers spent huge on household goods and at division retailers, a promising sign for the all-critical Christmas period. Neighborhood MARKETS OUTLOOK (As reported by NewsRise)  The SGX Nifty Futures was trading at 7,826.00, down .75 percent from its prior close.  The Indian rupee will probably open reduce against the U.S. dollar, as weakness in global equity markets is expected to rub off on local indices, soon after the European Central Bank disappointed with a smaller-than-anticipated stimulus and the Federal Reserve chief Janet Yellen's hawkish comments reinforced price hike bets.  Indian government bonds are likely to open decrease, tracking overnight fall in U.S. Treasury prices, as investors await fresh provide of notes via a weekly auction later in the day. The yield on the benchmark 7.72 percent bond maturing in 2025 is most likely to trade in a 7.69 %-7.75 % range. Global MARKETS  The S&P 500 suffered its biggest drop since late September on Thursday as the European Central Bank disappointed market place hopes for greater stimulus.  Asian shares slipped although the euro retained lavish gains, a day after its biggest 1-day surge in nearly seven years as the European Central Bank's stimulus package fell well brief of markets' high expectations.  The euro held onto lavish gains following boasting its most significant 1-day surge in practically seven years as the newest round of policy easing by the European Central Bank fell effectively brief of investors' lofty expectations.  Yields on U.S. Treasuries jumped on Thursday, following increasing European yields, right after the most recent round of stimulus from the European Central Bank disappointed investors and U.S. Federal Reserve Chair Janet Yellen made a lot more comments that fueled expectations of an interest rate hike this month.  U.S. crude oil costs extended gains, buoyed by a weaker dollar, ahead a closely watched OPEC meeting that is unlikely to alter the group's policy of preserving high output.  Gold added to overnight gains and looked set to snap a six-week losing streak as a slump in the dollar buoyed the metal above 2010 lows ahead of the crucial U.S. nonfarm payrolls information later in the session. MARKETS CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 66.80/66.83 December 3 -$  91.40 mln -$  62.27 mln ten-yr bond yield 7.71 pct Month-to-date -$  273.56 mln $  51.51 mln Year-to-date $  three.34 bln $  9.54 bln For extra information: India govt bond industry volumes Stock market reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Nearby industry closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] (Reporting by Samarendra Sahoo in Bengaluru)

Morning News Call – India, December 3

To access the newsletter, click on the link: here Elements TO WATCH 9:30 a.m.: Junior Finance Minister Jayant Sinha and CBDT Chairman A.K. Jain at an event. ten:00 a.m.: Steel and Mines Minister Narendra Singh Tomar at a CII conference. 11:00 a.m.: Winter session of Parliament continues. four:00 p.m.: Commerce Secretary Rita Teaotia at a discussion on "WTO and India: The Road Ahead to Nairobi Ministerial". GMF: ASIA - COMMODITIES Focus- Gavin Wendt, Founding Director & Senior Resource Analyst, MineLife will join us at 1000 IST to give his outlook on energy markets and commodities - metals and valuable metals - for 2016. To join the conversation, click on the link: right here INDIA Top NEWS  Record rains flood south Indian state more to come The heaviest rainfall in over a century triggered huge flooding across the Indian state of Tamil Nadu, driving thousands from their residences, shutting auto factories and paralysing the airport in the state capital Chennai.  Canada's Sun Life to raise stake in Indian insurance coverage joint venture Canada's Sun Life Economic Inc signalled the significance of the quick developing Indian insurance market by revealing plans on Wednesday to boost its stake in life insurance joint venture Birla Sun Life Insurance, to 49 percent.  India to ban old trucks as cities choke on dirty air India will force all industrial trucks far more than 15 years old off the road from April and is reviewing how it checks automobile emissions, a senior transport official mentioned, as the government tries to curb soaring urban air pollution.  India cenbank to buy up to 100 bln rupees of govt bonds through OMO on Dec. 7 Reserve Bank of India said on Wednesday it will acquire up to 100 billion rupees of government bonds on Dec. 7 by means of open market place operations to inject cash into the banking technique, its very first purchases from markets because Oct 28.  India's Chennai Petroleum may possibly shut refinery crude unit after floods India's Chennai Petroleum Corp Ltd may shut one of the 3 crude units at its 210,000 barrels per day Manali refinery in the flood-hit southern Tamil Nadu state, Managing Director Gautam Roy told Reuters on Wednesday.  India's Tata signs up China's ICBC for financial solutions Tata Sons Ltd, the holding organization of India's salt-to-computer software Tata conglomerate, stated on Wednesday it had signed up Industrial and Commercial Bank of China Ltd to provide it with a host of banking solutions. Worldwide Leading NEWS  Shooting rampage in California leaves 14 dead, 17 wounded Gunmen opened fire on a vacation party on Wednesday at a social solutions agency in San Bernardino, California, killing 14 folks and wounding 17 others, then fled the scene, triggering an intense manhunt and a shootout with police, authorities said.  Fed's Yellen says 'looking forward' to day of initial rate rise in decade Federal Reserve Chair Janet Yellen said on Wednesday she was "searching forward" to a U.S. interest price rise that will be seen as a testament to the economy's recovery from recession.  China's Xinhua says U.S. OPM hack was not state-sponsored China's official Xinhua news agency said on Wednesday an investigation into a massive U.S. computer breach final year that compromised data on much more than 22 million federal workers identified that the hacking attack was criminal, not state-sponsored. Local MARKETS OUTLOOK (As reported by NewsRise)  The SGX Nifty Futures was trading at 7,921, down .44 percent from its earlier close.  The Indian rupee will likely open slightly reduced against the dollar, in line with most Asian peers, right after hawkish comments by U.S. Federal Reserve Chair Janet Yellen renewed bets for a rate hike this month, boosting demand for the greenback.  Indian government bonds are likely to jump right after the central bank announced its initial open industry buy of bonds in the current monetary year, in a bid to infuse money into the banking technique. The yield on the benchmark 7.72 % bond maturing in 2025 is likely to trade in a 7.68 %-7.74 % variety. International MARKETS  U.S. stocks closed sharply reduced on Wednesday after hawkish comments from Janet Yellen boosted expectations of an interest rate hike, and oil dipped below $  40 a barrel.  Asian stocks slipped and the dollar advanced after hawkish comments from Federal Reserve Chair Janet Yellen reinforced the case for an interest price hike later this month.  The euro hovered close to a 7-1/two-month low against the dollar as investors braced for the European Central Bank to roll out a lot more stimulus, providing an added enhance to the U.S. currency after it scaled new heights on the prospect of a Federal Reserve rate hike.  Rates of U.S. Treasuries have been tiny changed on Wednesday following Federal Reserve Chair Janet Yellen mentioned she was "hunting forward" to a U.S. interest rate hike.  Crude prices turned good soon after falling far more than 4 % a day earlier on an unexpected rise in U.S. stockpiles, and as traders dismissed the possibility of OPEC stemming oversupply by cutting production.  Gold languished close to a near-six-year low soon after comments from Federal Reserve chair Janet Yellen boosted expectations of a U.S. price hike this month, even though the strength in the dollar also weighed on the metal. MARKETS CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 66.55/66.58 December 2 $  9.ten mln $  50.91 mln ten-yr bond yield 7.72 pct Month-to-date -$  21.86 mln $  113.78 mln Year-to-date $  three.30 bln $  9.60 bln For additional data: India govt bond market place volumes Stock marketplace reports Non-deliverable forwards information Corporate debt stories [IN CORPD] Regional market place closing/intraday levels [IN SNAPSHOT] Monthly inflows [INFLOWS RTRS TABLE IN] (Reporting by Nandi Kaul in Bengaluru)

Morning News Contact – India, December two

To access the newsletter, click on the hyperlink: here Elements TO WATCH 10:00 a.m.: SEBI Chairman U.K. Sinha at event. 10:30 a.m.: Federal cabinet likely to meet. Agenda not given. 11:00 a.m.: Winter session of parliament continues. GMF: CHINA Focus: Sean Yokota, Head of Asia Technique, SEB joins us for a GMF-Trading China LiveChat to disciuss the yuan's inclusion in the IMF's SDR basket, and what to count on from the China economy and markets in 2016. To join the conversation, click on the hyperlink: here INDIA Best NEWS  India cbank keeps rates on hold, far more easing noticed as challenging India's central bank kept its essential lending rate unchanged on Tuesday, leaving the door open for more easing but producing that dependent on meeting a challenging inflation target f?or 2017.  Volkswagen Group to recall 323,700 diesel automobiles in India Volkswagen's Indian unit will recall 323,700 diesel cars following a government investigation located it had flouted local pollution limits, the most recent blow to a firm that has admitted to cheating emission tests.  India eyes steady methods, not "large bang", towards freer rupee India is taking steady methods towards an increasingly free of charge currency, Reserve Bank of India governor Raghuram Rajan mentioned on Tuesday, but it will keep away from a "massive bang" liberalisation.  India's Rajan expects banks to clean up poor loans by March 2017 Reserve Bank of India Governor Raghuram Rajan mentioned on Tuesday he expects bad debt-burdened banks to clean up their balance sheets by March 2017, warning the central bank would monitor no matter whether concessions made to lenders had been getting misused.  China leaves India trailing in race for reserve currency status China's accession to the International Monetary Fund's elite has left behind India, whose cautious method to liberalisation indicates the rupee is unlikely to be a viable candidate for reserve currency status for at least a decade.  India restores federal funding for AIDS programme after criticism India will totally fund its AIDS manage programme federally, the overall health minister mentioned on Tuesday, restoring support months following it was criticised for slashing its contribution and asking person states to fill the gap. International Best NEWS  China demands far more customers for "freely usable" yuan soon after IMF nod The International Monetary Fund's decision to add China's yuan to its reserves basket is a triumph for Beijing, but the fund's verdict that the currency met its "freely usable" test will have small monetary influence unless Beijing recruits much more users.  Chinese banks miss out on the party as Asian M&As pass $  1 trillion mark A surge in Chinese cross-border technologies and telecoms offers has helped mergers and acquisitions in Asia Pacific cross $  1 trillion for the first time but mainland banks are missing out on the payoffs as they badly trail worldwide rivals in advisory operate.  Puerto Rico avoids second default, but future payments uncertain Puerto Rico created a essential debt payment on Tuesday but warned that its deteriorating finances could trigger future defaults, as the governor granted the U.S. territory power to take revenues from public agencies. Local MARKETS OUTLOOK (As reported by NewsRise)  The SGX Nifty Futures was trading at eight,000.50, up .28 percent from its earlier close.  The Indian rupee will probably open small changed against the dollar amid lack of key cues, but could strengthen as the session progresses tracking attainable gains in regional shares.  Indian government bonds are likely to extend gains in early trade, soon after the nation's central bank yesterday stated it would retain an ``accommodative'' stance on monetary policy right after maintaining interest rates unchanged as expected. The yield on the benchmark 7.72 percent bond maturing in 2025 is most likely to trade in a 7.68 % -7.73 percent variety Global MARKETS  U.S. stocks started December stronger on Tuesday as health and customer shares bounced back whilst auto sales recommended upbeat growth in November.  Asian stocks stuttered in early trade following downbeat U.S. manufacturing information raised concerns about the wellness of the world's greatest economy, whilst the dollar retreated from eight-1/two-month highs.  The U.S. dollar nursed broad losses early, obtaining retreated from a multi-month peak as bulls got cold feet after U.S. manufacturing contracted in November for the first time in three years.  U.S. Treasury debt costs rose on Tuesday, with benchmark yields touching close to 1-month lows soon after data showed that U.S. factory activity fell in November to the lowest level in six years.  Crude prices dipped in early Asian trading hours as U.S. stockpiles rose against expectations, compounding a glut that is seeing hundreds of thousands barrels of oil getting developed each day in excess of demand..  Gold ticked up for a third session, buoyed by short covering following a dip in the dollar and soft U.S. manufacturing information. MARKETS CLOSE FII INVESTMENTS EQUITIES DEBT PNDF spot 66.45/66.48 December 1 -$  16.1 mln $  62.87 mln ten-yr bond yield 7.79 pct Month-to-date -$  645.53 mln $  62.87 mln Year-to-date $  9.49 bln $  9.55 bln For extra information: India govt bond market volumes Stock market reports Non-deliverable forwards data Corporate debt stories [IN CORPD] Nearby marketplace closing/intraday levels [IN SNAPSHOT] Month-to-month inflows [INFLOWS RTRS TABLE IN] (Reporting by Nandi Kaul in Bengaluru)