Monday, August 19, 2013

Weekly Economic Data 17-Aug-13 to 23-Aug-13

Exp. change today:Exp. - Prior
Avg. change of last 1 year:Average Change in Actual data calculated for last 1 year.
Expected impact on price:This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very GoodGoodNeutralBadVery Bad
Actual:Refers to the actual/latest figures after its release.
Data for the week 17-Aug-13 to 23-Aug-13
DateTime (IST)CountryDataExp.PriorExp. chg todayAvg. chg of last 1 yearExp. Impact on Price
21-Aug-201307-30 PMUnited StatesExisting Home Sales (MoM)5.10M5.08M0.02M0.16Neutral
21-Aug-201308-00 PMUnited StatesEIA Crude Oil Stocks change -2.812M 3.45 
21-Aug-201311-30 PMUnited StatesFOMC Minutes     
 
22-Aug-201312-28 PMFranceMarkit Manufacturing PMI50.349.70.601.53Neutral
22-Aug-201312-28 PMFranceMarkit Services PMI49.248.60.601.45Neutral
22-Aug-201312-58 PMGermanyMarkit Manufacturing PMI51.150.70.401.32Neutral
22-Aug-201308-00 PMUnited StatesEIA Natural Gas Storage change 65B 24.64 
 
23-Aug-201311-30 AMGermanyGross Domestic Product s.a (QoQ)0.7%0.7%0.00%0.50Neutral
23-Aug-201311-30 AMGermanyGross Domestic Product n.s.a (YoY)0.90%0.90%0.00%0.66Neutral
23-Aug-201302-00 PMUnited KingdomGross Domestic Product (YoY)0.14%0.14%0.00%0.21Neutral
23-Aug-201307-30 PMUnited StatesNew Home Sales (MoM)0.485M0.497M-0.01M0.01Neutral

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Monday, August 12, 2013

Weekly Economic Data 10-Aug-13 to 16-Aug-13

Exp. change today: Exp. - Prior
Avg. change of last 1 year: Average Change in Actual data calculated for last 1 year.
Expected impact on price: This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very Good Good Neutral Bad Very Bad
Actual: Refers to the actual/latest figures after its release.
Data for the week 10-Aug-13 to 16-Aug-13
Date Time (IST) Country Data Exp. Prior Exp. chg today Avg. chg of last 1 year Exp. Impact on Price
10-15 Aug-2013 - China Money Supply M2 YoY 13.90% 14.00% -0.10% 0.81 Neutral
12-16 Aug-2013 - India Imports YoY -.40%
12-16 Aug-2013 - India Exports (YoY) -4.6%
12-Aug-2013 05-30 PM India Industrial Output -1.1% -1.6% 0.50% 4.15 Neutral
13-Aug-2013 02-00 PM United Kingdom Consumer Price Index (MoM) 0.0% -0.2% 0.20% 0.45 Neutral
13-Aug-2013 02-00 PM United Kingdom Consumer Price Index (YoY) 2.8% 2.9% -0.10% 0.28 Neutral
13-Aug-2013 02-30 PM Germany ZEW Survey - Current Situation 12.0 10.6 1.40 5.46 Neutral
13-Aug-2013 02-30 PM Germany ZEW Survey (Expectation) 39.9 36.6 3.30 9.00 Neutral
13-Aug-2013 06-00 PM United States Retail Sales (MoM) 0.3% 0.4% -0.10% 0.63 Neutral
14-Aug-2013 11-30 AM Germany Gross Domestic Product n.s.a (YoY) 0.7% -1.4% 2.10% 0.66 Very Good
14-Aug-2013 11-30 AM Germany Gross Domestic Product s.a (QoQ) 0.6% 0.1% 0.50% 0.50 Neutral
14-Aug-2013 12-00 PM India WPI Inflation 5.0% 4.7% 0.30% 0.38 Neutral
14-Aug-2013 02-00 PM United Kingdom Claimant Count Change -15.0% -21.2K 6.20 9.54 Neutral
14-Aug-2013 02-30 PM European Monetary Union Gross Domestic Product s.a. (QoQ) 0.20% -0.20% 0.40% 0.20 Neutral
14-Aug-2013 02-30 PM European Monetary Union Gross Domestic Product s.a. (YoY) -0.80% -1.10% 0.30% 0.17 Good
14-Aug-2013 06-00 PM United States Producer Price Index (MoM) 0.3% 0.8% -0.50% 0.65 Neutral
14-Aug-2013 08-00 PM United States EIA Crude Oil Stocks change -1.32M 3.45
14-Aug-2013 08-30 PM United States New York Fed Releases Household Debt, Credit Report
15-Aug-2013 06-00 PM United States Consumer Price Index (MoM) 0.2% 0.5% -0.30% 0.26 Neutral
15-Aug-2013 08-00 PM United States EIA Natural Gas Storage change 96B 33.66
16-Aug-2013 02-30 PM European Monetary Union Consumer Price Index (YoY) 1.6% 1.6% 0.00% 0.07 Neutral
16-Aug-2013 07-25 PM United States Reuters/Michigan Consumer Sentiment Index 85.3 85.1 0.20 3.26 Neutral

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Monday, August 5, 2013

Weekly Economic Data 03-Aug-13 to 09-Aug-13

Exp.:Expected or Anticipated value calculated from the recent survey conducted.
Prior:Represents the last actual for each indicator. In case there is a revision to the last actual, the prior column reflects the prior figure as revised.
Exp. change today:Exp. - Prior
Avg. change of last 1 year:Average Change in Actual data calculated for last 1 year.
Expected impact on price:This indicator shows the effect of the anticipation of data on the prices of related country’s major indices. We have categorized it as below:
Very GoodGoodNeutralBadVery Bad
Actual:Refers to the actual/latest figures after its release.
Data for the week 03-Aug-13 to 09-Aug-13
DateTime (IST)CountryDataExp.PriorExp. chg todayAvg. chg of last 1 yearExp. Impact on Price
05-Aug-201301-18 PMFranceMarkit Services PMI48.348.30.001.90Neutral
 
06-Aug-201302-00 PMUnited KingdomIndustrial Production (MoM)0.7%0.0%0.70%1.75Neutral
06-Aug-201303-30 PMGermanyFactory Orders s.a. (MoM)0.01%-1.3%1.31%3.85Neutral
06-Aug-201306-00 PMUnited StatesTrade Balance$-43.0B$-45.00B2.00$3.21Neutral
 
07-Aug-201303-30 PMGermanyIndustrial Production s.a. (MoM)0.30%-1.0%1.30%2.36Good
07-Aug-201304-30 PMUnited StatesMBA Mortgage Applications -3.7% 7.79 
07-Aug-201308-00 PMUnited StatesEIA Crude Oil Stocks change 0.431M 3.45 
 
08-Aug-2013-ChinaTrade Balance25.95B27.12B-1.17B13.34Neutral
08-Aug-2013-ChinaExports (YoY)1.50%-3.1%4.60%5.65Neutral
08-Aug-2013 -ChinaImports (YoY)1.0%-0.7%1.70%6.92Neutral
08-Aug-201306-00 PMUnited StatesInitial Jobless Claims336K326K10.0014.63Neutral
08-Aug-201308-00 PMUnited StatesEIA Natural Gas Storage change 59B 33.58 
 
09-Aug-201307-00 AMChinaConsumer Price Index (YoY)2.8%2.7%0.10%0.43Neutral
09-Aug-201307-00 AMChinaProducer Price Index (YoY)-2.1%-2.7%0.60%0.61Good
09-Aug-201307-00 AMChinaRetail Sales (YoY)13.5%13.3%0.20%0.78Neutral
09-Aug-201311-00 AMChinaIndustrial Production (YoY)9.0%8.9%0.10%0.67Neutral
09-Aug-201312-15 PMFranceIndustrial Output (MoM)0.30%-0.40%0.70%2.02Neutral
09-Aug-201307-30 PMUnited StatesWholesale Inventories0.40%-0.50%0.90%0.47Good

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Thursday, August 1, 2013

Financial Technologies crashes over 60%, MCX tanks

Financial Technologies crashes over 60%, MCX tanksShares in Financial Technologies (FT) plunged over 60 per cent, while Multi Commodity Exchange (MCX) shares were locked down in trade after falling as much as 20 per cent on Thursday. FT is the parent company of MCX. Both these stocks traded at an all-time low. 

The sharp fall in Financial Tech and MCX followed the National Spot Exchange's (NSEL) decision to suspend trading in its one-day forward contracts till further notice. NSEL is an unlisted FT subsidiary dealing with spot contracts in commodities.

"This abrupt action has created uncertainty and doubt about continuity of trading on the Exchange and hence most of the participants started withdrawing from the market," NSEL said in a statement.

The government had earlier asked the spot exchange not to launch new contracts, creating uncertainty among traders, the NSEL said. The exchange also decided to merge the delivery and settlement of all pending contracts and deferred it for a period of 15 days.

Speaking to NDTV Anjani Sinha of the National Spot Exchange said rumours about halt in trading of "all" contracts and default are not true.

"Yesterday, we have issued a circular which says that for day-to-day trading operations in contracts other than e-series contracts (e-gold, e-silver, etc.), which are traded on the spot exchange, will be suspended. The settlement, delivery and payment for existing contracts will be re-scheduled and notified very soon," he added.

Mr Sinha said that the exchange has requested the government to issue a clarification after which there will be some clarity.

The spot exchange clocked an annual turnover of Rs. 600 crore in the year to March 2013, and had 67 running contracts on the exchange, with sugar and rice contributing to most of its volumes.

The sharp selloff in Financial Tech and MCX came on a day when broader markets rebounded after six days of sustained selloff. Financial Technologies shares traded 63 per cent lower at Rss. 199 on the BSE as of 11.25 a.m., while MCX shares were down 20 per cent at Rs.s 512. (FT made low of Rs 181 )
Market expert Sanjeev Bhasin told NDTV that stocks that have a history of bad corporate governance have lost investor confidence.

Financial Technologies shares have been under pressure since July 15, having lost 50 per cent of share price in the fortnight. Financial Technologies had also issued a statement last week against "rumours" in the market, but investors seem to have made up their mind.

"We would like to inform you that since July 15, 2013, there have been many malicious rumours afloat on various media. The series of rumours that are spread in the market have a pattern more particularly to spread on Friday and such rumours are spread by some unscrupulous elements with a design to depress the price of FTIL and damage its reputation.

Generally as a policy of the Company, we do not react on such rumours. However we request all the shareholders/investors to be careful about some unscrupulous players in the market and bear cartels are working against the interest of the Company. This is detrimental to the interest of investors in general and of around 47,000 shareholders of FTIL in particular.

We deny all such rumours and request all our shareholders to not to rely & don't be instrumental in spreading such rumours knowingly or unknowingly.
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