1) Amid Brexit's Market Volatility, Indian Bonds Provide Stability
(Bloomberg) -- Indian bonds are providing investors a refuge from the volatility that's gripped Asian markets as they assess the implications of Brexit. Swings in rupee sovereign debt, which has among the region's lowest foreign ownership due to limits on short-term investors, have narrowed since the U.K.'s June 23 vote to exit the European Union even as they got wilder in Indonesia, Malaysia and Thailand. That's giving confidence to funds including Neuberger Berman ...
2) Blind Trader at StanChart Grooves to Currency Moves in His Ear
(Bloomberg) -- Feeling his way with a white cane, Vishal Agrawal, 29, reaches his foreign exchange trading desk on the fifth floor of Standard Chartered Plc's office in Mumbai's business district each day by 8:00 a.m. While his eight other colleagues watch blinking screens to make trades, Agrawal listens to price movements on the trading terminal via special speech-recognition software feeding into a device in his left ear. "I hear the moves and make trades," ...
3) Sun Pharma to Make Announcement on Europe Unit, Company Says
(Bloomberg) -- Announcement regarding Sun Pharma Europe due at 8:15 a.m. India time Monday, co. says in e-mail.
4) Jubilant Food, Westlife Development May Move on Kerala Fat Tax
(Bloomberg) -- Jubilant Foodworks and Westlife Development shares may move after media reports Indian state Kerala's government has imposed 14.5% "fat tax" on junk food. * T.M Thomas Isaac, Kerala Minister for Finance presented the revised state budget for 2016-17 before the Legislative Assembly on July 8 * Kerala tax is "sentimentally negative" as may lead to similar actions from other states, Edelweiss analyst Abneesh Roy writes in note * ...
5) Asian Shares Jump With Won After U.S. Payrolls Boost; Oil Falls
(Bloomberg) -- Asian stocksjumped the most since March and South Korea's won surged after a bigger-than-expected pickup in U.S. hiring damped concern the world's biggest economy is losing momentum. Gold rose, while oil declined. The MSCI Asia Pacific Index rose to a one-month high. Japanese shares surged the most in four months and the yen fell for the first time in a week after Prime Minister Shinzo Abe's ruling coalition won an election, a show of ...
6) India Should Be Embracing, Not Shunning "Experts": Mihir Sharma
(Bloomberg View) -- Last week's cabinet reshuffle in India was a virtual jobs program for government officials. Prime Minister Narendra Modi expanded the body to 78 members -- just a few short of the legally mandated maximum -- largely for electoral reasons. Several new inductees are from the large states of Uttar Pradesh and Gujarat, which go to the polls in a few months. Many others are members of lower caste and minority communities whose votes Modi's Bharatiya Janata Party is ...
7) India Signs Water-Supply Agreement for Zanzibar, Modi Says
(Bloomberg) -- Working on other water projects for 17 cities in Tanzania, Indian Prime Minister Narendra Modi says in notes for speech. * India ready to supply medicines, equipment to meet healthcare needs of Tanzanian govt: Modi
8) INDIA DAYBOOK: Car Sales, L&T Infotech IPO, IndusInd Bank, ICICI
(Bloomberg) -- Today: India car sales data for June; L&T Infotech IPO opens; Coal India buyback; IndusInd Bank earnings; ICICI Bank annual shareholders' meeting. WHAT TO WATCH: * India signs water-supply agreement for Zanzibar: Modi * Kenya, India to sign double taxation avoidance agreement * India to recalibrate trade pact talks with EU post-Brexit * India direct tax collection up to June +24.79% to INR1.24t * Indirect tax collection up to ...
9) IN FOCUS: U.S. Jobs, China Inflation, Abe Win; S&P 500 Jumps
(Bloomberg) -- What you need to know from overnight and in the Asian day ahead: * Chinese CPI and PPI show generally steady prices in June, removing an argument for extra PBOC stimulus, say economists * U.S nonfarm payrolls added 287k jobs vs est. 180k, beating all survey forecasts, though wages climbed less than expected * Market pricing for a 2016 Fed hike rose to 21% from 12%; economists caution job growth is trending slower; see a roundup * ...
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment