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Economy
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Strong selling seen in Crude. On Nymex it touched USd 116.65/ barrel.
Crude is trading with really pessimistic buying volumes today at Nymex. Indicating big sharp downside coming its way. While small & medium investors can rip up the benefit of exiting from crude....
In reply to:
Crude slips below $112/bbl
Posted by :
MMB Messenger
Crude prices fell below USD 113 per barrel as fears that tropical storm Fay would damage major oil and gas infrastructure in the Gulf of Mexico eased. In after hours access trading, crude is at USD 112.32 per barrel.
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Cash is king for Crude investors. Crude giving ample opportunity to book profit & get out of the way right now. Crude could slip to USD 98 per barrel after this exit rally. So cash is king for crude investor. & I think Even at USd 98 per barrel, cash to remain King. Keep it for USD 55 per barrel buy....
In reply to:
Crude slips below $112/bbl
Posted by : MMB Messenger
Crude prices fell below USD 113 per barrel as fears that tropical storm Fay would damage major oil and gas infrastructure in the Gulf of Mexico eased. In after hours access trading, crude is at USD 112.32 per barrel.
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Absense of Buying in Crude has been seen & prices are just in positive so that traders might get away from it. Crude on the way to second leg of downside. Crude can see 4 such legs of downside in immediate to medium term. People selling crude at every positive tik & crude has been purposely speculated for some more time before olympic finishes so that losses can be avoided & some profit can be made. There is nothing much left in crude now, the entire mammoth seen drop in demand from Asian emerging markets....
In reply to:
Crude slips below $112/bbl
Posted by : MMB Messenger
Crude prices fell below USD 113 per barrel as fears that tropical storm Fay would damage major oil and gas infrastructure in the Gulf of Mexico eased. In after hours access trading, crude is at USD 112.32 per barrel.
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Crude up at USD 113.6 per barrel today but large investors seen exiting & there is absolutely no sign of making money in crude at this moment. Traders Investors having losses & its just brokers who are earning by this way.
I think crude to see really pessimistic end.
FED yet to start tightening crude prices. It had just warned before & I think its just big nap of FED before wild tightening of Crude prices. All eyes on FED\\\\`d decision on global inflation & why there hasnt been steps taken towards tightening crude prices yet?...
In reply to:
Crude slips below $112/bbl
Posted by : MMB Messenger
Crude prices fell below USD 113 per barrel as fears that tropical storm Fay would damage major oil and gas infrastructure in the Gulf of Mexico eased. In after hours access trading, crude is at USD 112.32 per barrel.
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Crude prices fell below USD 113 per barrel as fears that tropical storm Fay would damage major oil and gas infrastructure in the Gulf of Mexico eased. In after hours access trading, crude is at USD 112.32 per barrel.
...
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I dont think so. Chinese exported more due to their self demand. But, now chinese commodity demand to slow down so import would be very minimal, In same way they would export less so that home manufactured coke would be used for domestic growth further which would be stable not huge or less.
So in coming time its going to be bearish for coke & steel also....
In reply to:
Chinese export duty hike on coke to up steel prices: SBB
Posted by : MMB Messenger
China has raised export duty on coke from 25% to 40% that will be effective from 20th August. The immediate effect would be for lower margins mills as they struggle with the market that is readying itself for falling prices and buying activity starting to cool off with buyers maybe destocking slightly in the hope of lower prices.
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I dont think so. Chinese exported more due to their self demand. But, now chinese commodity demand to slow down so import would be very minimal, In same way they would export less so that home manufactured coke would be used for domestic growth further which would be stable not huge or less. ...
In reply to:
Chinese export duty hike on coke to up steel prices: SBB
Posted by : MMB Messenger
China has raised export duty on coke from 25% to 40% that will be effective from 20th August. The immediate effect would be for lower margins mills as they struggle with the market that is readying itself for falling prices and buying activity starting to cool off with buyers maybe destocking slightly in the hope of lower prices.
Tracked by: 0 Boarder
China has raised export duty on coke from 25% to 40% that will be effective from 20th August. The immediate effect would be for lower margins mills as they struggle with the market that is readying itself for falling prices and buying activity starting to cool off with buyers maybe destocking slightly in the hope of lower prices....
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Will the Republican or Democratic victory have a significant impact on Indian economy ?
I was wondering if US election may create drastic effects in India....
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Hey all, Congress fans out there, Do you think this goverment was successful in controlling inflation ?...
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Crude rose for the first time in three days as a storm near Cuba prompted evacuations from rigs and production platforms in the Gulf of Mexico. Tropical storm fay with maximum sustained winds of about 80 kilometers an hour, was centered 200 miles southeast of Havana. ...
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in what sight we may find the details of CPC REPORT...
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Strong domestic demand is likely to push up the private corporate investments in the current financial year but in a slower-pace owing to a deceleration in global and domestic economies, the Reserve Bank said.
\"The private corporate investment in 2008-09 is likely to increase, although it may grow at a slower pace... Corporate\'s incentives to invest are likely to remain strong in 2008-2009, namely high domestic demand and high capacity utilisation rates amidst improved profitability of last few years,\" RBI said in its August bulletin.
The capital investment intention of companies in the domestic market having institutional assistance upto the last fiscal amounted to Rs 1,48,350 crore as against Rs 1,25,248 crore envisaged for 2007-08, the apex bank said.
In the current fiscal, the proposed investment aggreagtes to Rs 1,73,173 crore, if the capital spending envisaged by companies raising funds from sources other than banks and foreign investors was added, RBI said.
\"If the aggregate capital expenditure in FY 09 were to surpass the level indented for the year 2007-08, the fresh envisaged capital expenditure in 2008-09 must be above Rs 71,934 crore,\" the apex bank said.
-BS
...
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A step which seems to boost up the financial sector has been taken by the UPA government as on Thursday it allowed private provident, pension and gratuity funds to invest up to 15% of their corpus in stock markets. The announcement has come nearly after 15 days of ending the monopoly of SBI in managing EPF accounts.
There has also been relaxation in the norms regarding investment in securities. A notification by the Finance Ministry clarified that these can invest up to 15% of funds in shares of companies on which derivatives are available in the Bombay Stock Exchange or National Stock Exchange. The amendments have been made under the revised investment pattern.
The new guidelines would come in effect from April 1, 2009. The guidelines came into existence after the feedback of the public on draft proposals, which were issued last year.
“Government would impress upon the Employees Provident Fund, which has a corpus of over Rs 2,40,000 crore, to follow these investment guidelines,” as was said earlier by a senior finance ministry official.
The government had put an end on the monopoly of SBI on July30, when it allowed private players like HSBC, Reliance Capital and ICICI Prudential to manage the incremental funds of EPFO which had been subscribed by over four crore employees.
...
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Our strength should also include agriculture. Investments made in past bode well for this sector, therefore I see a second break through in agriculture production and allied sectors....
In reply to:
SWOT Analysis of Indian Economy
Posted by : tally
STRENGTH :- 1) High saving rate of 36%. 2) Money supply at or above 20% which may further go up once inflation concerns are fully addressed. 3) Economy uses money much more efficiently. 4) Crude prices coming down, likely to settle down at $80 or so. 5) Long term growth rate of 9% will be sustained may also achieve double digit growth. 7) India Inc becoming ambitious and dreaming of achieving world class standards. 8) Reasonable educational standards which are being further improved / enhanced. 9) People at helms of affairs understand economy and working within the political parameters to achieve the growth. 10) No major conflict between various organs of Govt / state govt / Institutions/SC,HC & Lower courts along with good military to deal with external threat . WEAKNESS :- 1)Fragmented society and polity. 2)Large no of people do not get benefits of development therefore almost half the country violence prone and almost no development taking place. Situation grim but still not out of control.3)Labor force productivity is very low Industry and govt both have to put in lot of effort to improve the situation.OPPORTUNITY:- This state of under development, poverty deprivation to large section itself provides us with huge opportunity for a sustained growth. Country has large areas ready for economic exploitation. THREAT:- Very large and high density of population. More resources will be consumed to look after basic needs. 2) Possible political instability. 3) Religious intolerance and resulting violence may retard the growth. Do share your views and comments.
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