MSL Leg 3 | Global Indices | Round 2

RULES

·      Every team has to predict the direction of movement and magnitude of change in each index on the basis of given news.

·      $100 is the amount of stake put for each bet.

·       Odds of each bet are mentioned in front of the event

·       Payoff on successful bet = $100*Odds of the bet

·       Loss on unsuccessful bet = $100

·       Round 1 is exclusive of Round 2. New bets with fresh budget will take place in Round 2.

 

INDICES

Global Indices and their opening quotes are as follows:

·       NASDAQ – 4800 (USA)

·       NIFTY – 8500 (India)

·       ASX 200 – 6000 (Australia)

·       DAX – 11000 (Germany)

·       BOVESPA – 50500 (Brazil)

·       FTSE 100 – 6500 (United Kingdom)

NEWS

·       Expected monetary easing will result in Yen depreciation and improvements in Japanese exporters’ performance.

·       US 10-year Treasury Bond Yields fall to lowest in six years.

·       Speculations about the next month’s UK elections show indecisive results. Investors live with caution.

·       Eurozone economy sees growth pick up. Germany, the largest in the Eurozone grew by 0.7% in the latest quarter.

·       U.S. equity-index futures retreated while Australian bonds and gold climbed as the European Central Bank said it will stop offering preferential loans to Greek lenders.

·       Oil Prices reverse, rise on OPEC’s production halt.

·       Reserve Bank of Australia has cut interest rates to a record low to kick-start the economic cycle.

·       RBI keeps key interest rates unchanged despite demand from Finance Ministry. Opinion polls suggest resurgence of socialist parties in India with Aam Aadmi Party touted to win the state elections in Delhi; Nifty Futures experience high volatility.

·       The accusations of corruption at Brazil’s state-controlled petroleum giant Petrobras has already led to a political scandal and threatening other Brazilian companies and may even tip the country into recession.  

 

Send in your responses at the following link latest by 12:30 AM, 18th Feb: http://goo.gl/pqnXut