Welcome, Guest |
Login |
All four of the BRIC nations report manufacturing purchasing manager indexes (PMI) on Thursday. The monthly report is an interview-based survey of managers within the sector and can be a strong leading indicator for countries where manufacturing and exports are a large part of the economy.
The Indian government has ordered 17 state-owned companies to use money held in reserves to invest in infrastructure projects and foreign energy purchases — and at least two shares traded as ADRs may also benefit.
Indian refining company Sterlite Industries has fallen 20% despite fairly impressive top-line growth. But local analysts still see the stock as a buy.
India’s largest steel company said fiscal first-quarter operating earnings fell slightly as material costs increased, though a one-time gain from selling a share of a mining company boosted the bottom line.
Citigroup cuts its 2011 forecast for India’s BSE Sensex index by 10% and forecast a slow recovery in stock values when they begin rising again.
India’s two biggest metal producers are gearing up to tack on an extra $35.50 for every ton of copper ore they refine for mining companies.
The markets are moving into the home stretch now as corporate news slows. But with next year’s macro picture still cloudy, traders are picking over the flows for ideas. Here are a few.
