Today's Major Results to be announced:
3MINDIA, ALBK, ARIES, ARVINDFASN, ASTERDM, ASTRAL, BALLARPUR, BASF, BEML, BHEL, CESC, CGCL, COALINDIA, CRISIL, DBREALTY, DCW, DREDGECORP, FINEORG, GAYATRI, GENESYS, GICHSGFIN, GKCONS, GNFC, GPIL, GREENPLY, HEG, HEIDELBERG, HEXAWARE, IDBI, INSILCO, IRCON, ITDCEM, JKIL, JSL, KESORAMIND, LUMAXTECH, MANALIPETC, MANINDS, NEULANDLAB, NOIDATOLL, NOVARTIND, NRBBEARING, ORIENTREF, PNC, POWERMECH, PRINCEPIPE, PRSMJOHNSN, SIEMENS, SYNDIBANK, TATAINVEST, VFL, VSTTILLERS, WEBELSOLAR, etc..
Sensex: 40980 (-162) (-0.39%)
Nifty: 12032 (-67) (-0.55%)
Dow: 29277: +174: +0.60%
S&P: 3352: +24: +0.73%
Nas: 9628: +108: +1.13%
Brazil: 112570 (-1200) (-1.05%)
Ftse: 7447 (-20) (-0.27%)
Dax: 13494 (-20) (-0.15%)
Cac: 6016 (-14) (-0.23%)
WTI Oil: $49.65 (-1.33%)
Brnt: $53.37 (-2.02%)
Gold: $1576: +0.13%
Silver: $17.76: +0.36%
Copper: $255.7: +0.16%
Eur-$: 1.0912
GBP-$: 1.2915
$-Jpy: 109.76
Re: 71.4012: +0.29%
US10yr: 1.57%
GIND10YR: 6.44: +0.05%
$ Index: 98.8590: +0.18%
Vix: 15.04 (-2.78%)
BalticDry: 415 (-16) (-3.71%)
*ADR/GDR*
Cogni (-0.30%)
Infy: +0.65%
Wit (-0.53%)
IciciBk: +0.54%
HdfcBk: +0.15%
DrRdy (-0.32%)
TataMot (-0.84%)
Vedanta (-1.73%)
TatSt (-5.26%)
Axis (-1.33%)
SBI: +0.67%
RIGD: +0.75%
INDA: +0.54% (IShares MSCI INDIA ETF)
INDY: +1.05% (IShares MSCI INDIA 50 ETF)
EPI: +0.04 (Wisdom Tree India Earning)
*S&P 500, Nasdaq close at records as investors look past coronavirus to solid corporate earnings: Earnings season moves into final stretch*
*With cases of the coronavirus outside of China on the rise and various companies pulling back from international meetings, investors are trying to figure out whether the rate of contagion is stabilizing. In the meantime, monetary authorities across emerging markets have stepped in to help shore up the financial system. The People’s Bank of China moved to keep liquidity ample Monday through reverse-repurchase agreements.*
But generally upbeat earnings, positive economic data and China’s recent stimulus have attracted buyers to the U.S. equities market. Energy company shares proved the exception, declining as West Texas crude fell below $50 a barrel. Treasuries and European bonds edged higher, and the dollar held steady versus a basket of its major peers.
Asia’s main equity gauges fell everywhere apart from Shanghai. Traders monitored the restart of Chinese factories and the possible chaos that may ensue as several hundred thousand people begin returning to work at companies like Apple Inc. supplier Foxconn. General Motors Co. will restart production in China beginning Feb. 15.
*The World Health Organization warned Monday that the spread of the coronavirus to people who have not visited China could be “the spark that becomes a bigger fire,” while urging nations to fight the epidemic together.*
*Expectations for the Federal Reserve to prop up the economy with easy financial conditions if the coronavirus spills over into the U.S., also helped to support stocks. Investors say a continuation of ultraloose monetary policy could explain the disconnect between depressed long-dated bond yields, a sign that investors are piling into haven assets, and records in major equity benchmarks.*
Coronavirus fears remain at the top of investors’ minds, The Fed’s liquidity support can help to support valuations, but “ultimately muted Asian GDP growth and earnings expectations” will be important to watch. As long as investors don’t perceive a threat to corporate earnings and the U.S. economy from the virus, then the market can continue to trade higher on better economic data and better-than-expected earning.
*Chinese factories started to reopen on Monday, but local government efforts to limit the spread of the virus has led some businesses to stay closed. A prolonged closure could exacerbate the nation’s slowdown and upend global supply chains that rely on Chinese manufacturers to keep retailers stocked.*
China’s health ministry on Monday said another 3,062 cases had been reported over the previous
By: via @AlliesFin Serve T.ME/ALLiESFiN
