Risk-on returned to Asian equities, commodities and the forex market on G8 talks wanting to keep the euro zone together. Markets are reacting to the G8 statement over the weekend by leaders “maintaining a firm commitment to implement fiscal consolidation” for Europe.
If you’re starting to feel like Bill Murray in Groundhog Day, you’re not alone. Once again U.S. futures indicate a lower open on worries about euro zone political turbulence and debt problems driving trader sentiment.
Whether it’s old-fashioned broadcast TV or streaming web movies, video entertainment is a global industry now. We lay out a few of the up-and-coming names in the space on today’s installment of Trading the Globe.
Europe’s future continues to put pressure on global markets from Asia to the U.S. European markets are in the red once again in morning trading with the CAC 40 being hit the hardest by -1.91% followed by renewed fears in Italy, which is down by -1.77%.
Motion Picture Association of America CEO Christopher Dodd says the Indian movie industry is poised to become a $5 billion industry in the next two years. The former U.S. senator was delivering the inaugural keynote address at FICCI FRAMES 2012 in Mumbai, according to a report in The Economic Times.
CNBC launched the first of its half-hour Trading the Globe specials today. Tim Seymour hosts top emerging market traders in their discussion of global investment ideas.
Replace the Dow with emerging markets stocks
The sun is setting on a decade of losses in the benchmark U.S. index, the Dow Jones Industrial Average. Now traders are sending their money to every corner of the globe on the hunt for growth and returns.
If you want to replace the Dow in your portfolio, you could see much better returns. Every one of the emerging Dow doppelgangers in this list (designed by Tim Seymour himself) is a pretty good match for one of the giants of U.S. industry — and on average, they are up over 200% over the last decade.
Dow component Emerging doppelganger Alcoa (AA, quote) Vale (VALE, quote) American Express (AXP, quote) Banco Bradesco (BBD, quote) AT&T (T, quote) China Mobile (CHL, quote) Boeing (BA, quote) Embraer (ERJ, quote) Bank of America (BAC, quote) IDC Bank (IDCBY, quote) Caterpillar (CAT, quote) Kubota (KUB, quote) Chevron (CVX, quote) Gazprom (OGZPY, quote) Cisco (CSCO, quote) United Micro (UMC, quote) Coca-Cola (KO, quote) Fomento MX (FMX, quote) DuPont (DD, quote) Sasol (SSL, quote) Disney (DIS, quote) Televisa (TV, quote) ExxonMobil (XOM, quote) Petrobras (PBR, quote) General Electric (GE, quote) Reliance Industries (no ADR) Home Depot (HD, quote) Homex (HXM, quote) Hewlett-Packard (HPQ, quote) Lenovo (LNVGY, quote) IBM (IBM, quote) Infosys (INFY, quote) Intel (INTC, quote) Taiwan Semiconductor (TSM, quote) JP Morgan (JPM, quote) ICICI Bank (IBN, quote) Johnson & Johnson (JNJ, quote) Dr Reddys (RDY, quote) Kraft (KFT, quote) Brasil Foods (BFRS, quote) McDonalds (MCD, quote) Yum Brands (YUM, quote) Microsoft (MSFT, quote) SAP (SAP, quote) Merck (MRK, quote) Ranbaxy (no ADR) 3M (MMM, quote) Samsung (no ADR) Pfizer (PFE, quote) Teva (TEVA, quote) Procter & Gamble (PG, quote) Unilever (UN, quote) Travelers (TRV, quote) China Life (LFC, quote) United Technologies (UTX, quote) Hyundai (no ADR) Verizon (VZ, quote) China Unicom (CHU, quote) Walmart (WMT, quote) Walmart Mexico (WMMVY, quote)
The next growth engine
As rising debt and slowing demand hobble the Western world, traders are hunting for the globe
On Fast Money, Tim Seymour discusses some big companies looking to expand and take advantage of China’s growth, including The Walt Disney Company (DIS) which got approval Wednesday to build a $3.5 billion theme park in Shanghai. This is a big milestone for the Magic Kingdom which gets access to the consumer in one of the richest cities in the world.