morning news call - thomson...
TRANSCRIPT
MORNING NEWS CALL
FACTORS TO WATCH
1:00 pm: NITI Aayog Principal Adviser Ratan Watal to speak at workshop on online digital payments program in New
Delhi.
5:30 pm: Government to release October consumer price inflation data in New Delhi.
5:30 pm: Government to release September Industrial production data in New Delhi.
LIVECHAT - MARKETS AFTER MIDTERMS
We discuss what implications the results of the U.S. Midterm elections will have on global markets, particularly in Asia,
and political ramifications to watch out for, with Robert Carnell, Chief Economist and Head of Research, ING Asia, at
0930 IST. To join the discussion, click here
INDIA TOP NEWS
Royal Enfield targets tripling of U.S. sales this year
India-based motorcycle brand Royal Enfield expects sales in its new North American business to almost triple this year
and is aiming to dominate the market for middleweight bikes into which Harley-Davidson has just shifted in a bid to
revive sales.
Indian gov't official says no proposal to ask RBI to transfer reserves
There is no proposal from the Indian government to ask the nation's central bank to transfer its surplus reserves, said
Subhash Chandra Garg, economic affairs secretary in the finance ministry, in a tweet on Friday.
IndiGo switches 125 Airbus A320neo orders to longer range A321s - source
IndiGo, India's largest domestic airline, has switched 125 of its existing Airbus A320neo jet orders to the longer range
A321neo model, according to an Airbus source.
Air India operations director stopped from piloting flight after failing breath tests
A senior pilot who is also director of operations for Air India, and has had responsibility for flight safety and training, said
he was told by the carrier he failed two breathalyzer tests on Sunday before a flight to London from New Delhi.
GLOBAL TOP STORIES
SAP to buy customer sentiment tracker Qualtrics for $8 billion
Germany's SAP said on Sunday it was buying Qualtrics International Inc for $8 billion in cash, pre-empting a planned
stock market listing by the U.S. firm that specialises in measuring the sentiment of consumers online.
In solemn Paris ceremony, Macron leads global WW1 Armistice commemorations
French President Emmanuel Macron led tributes to the millions of soldiers killed in World War One on Sunday, using an
emotional ceremony in Paris attended by scores of world leaders to warn against nationalism a century on from the
conflict.
2
Calls for open trade to greet Pence as Trump skips Asia summit
Asia-Pacific leaders will join the heads of Southeast Asian states this week in Singapore to renew calls for
multilateralism and fresh pledges to resolve regional conflicts ranging from the Rohingya crisis in Myanmar to tensions in
the South China Sea.
STATE OF THE MARKETS
SGX Nifty nearest-month futures were trading 0.2 percent lower at 10,608.00, from its previous close. -NewsRise
The Indian rupee is expected to open marginally lower against the dollar after wholesale prices in the world’s largest
economy climbed at the quickest pace in six years. - NewsRise
Indian government bonds are likely to open little changed, as market awaits local retail inflation data, while a slight
recovery in crude oil prices may restrict the consistent fall in yields. The yield on the benchmark 7.17 percent bond
maturing in 2028 is expected to trade in a 7.74 percent -7.80 percent band today. - NewsRise
Wall Street's three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil
prices fell further and more evidence of a slowing Chinese economy was reported.
Asian shares fell, extending weakness in global equity markets at the end of last week as soft Chinese economic data
and falling oil prices rekindled anxiety about the outlook for world growth.
The dollar built on last week's gains and rose towards a 16-month high as traders expect the U.S. Federal Reserve to
keep tightening monetary policy.
U.S. Treasury yields fell on Friday with shorter-dated yields retreating from the highest levels in a decade, as investors
scooped up safe-haven U.S. government debt due to losses in equities worldwide on worries about economic growth in
China and U.S. interest rate hikes.
Oil prices rose by about one percent after top exporter Saudi Arabia announced a cut in supply for December, seen as a
measure to halt a market slump that had seen crude decline by 20 percent since early October.
Gold prices were steady, having dipped to a one-month low in the previous session after the U.S. dollar firmed on the
Federal Reserve's plans to gradually keep tightening borrowing costs.
CLOSE FII INVESTMENTS EQUITIES DEBT
PNDF spot 72.62/72.65 November 9 $84.72 mln $37.15 mln
10-yr bond yield 7.76 pct Month-to-date $82.84 mln $566.65 mln
Year-to-date -$5.84 bln -$7.54 bln
3
PICTURE OF THE DAY
Supporters of India's main opposition Congress Party, wearing masks of Prime Minister Narendra Modi, display mock 500 and 1000-rupee banknotes during a protest to mark two years since demonetisation was implemented by Modi, outside the RBI building in New Delhi, November 9. REUTERS/Altaf Hussaincaption
https://www.thomsonreuters.com/en/products-services.html
https://www.thomsonreuters.com/en/contact-us.html
click here
https://forms.thomsonreuters.com/india-morning/Unsubscribe/