Financial Coffee

(Please click on the Newspaper link to read the full article)   INDIAN ECONOMY Factory output contracts 0.1% in Nov; all eyes on RBI Credit Suisse cuts India’s FY13 growth forecast to 5.7% Forex reserves slip by $1.6 billion Govt nod for 14 FDI proposals worth Rs 1,311 cr India’s Trade Gap Narrows in Potential Rupee Boost; Output Falls INTERNATIONAL ECONOMY Draghi Shifts Crisis Gear as ECB Focuses on Economy Inbox U.K. Economy Shrank 0.3% in Fourth Quarter, Niesr Estimates U.K. Inflation Seen Holding at Seven-Month High in December U.K. Adds to Index ‘Inflation’ as RPIJ Becomes Ninth Price Gauge Japan’s Abe Unveils 10.3 Trillion Yen Fiscal Stimulus: Economy China’s Inflation Accelerates as Chill Boosts Food Prices Trade Gap in U.S. Widens Amid Recovering Global Growth EQUITY MARKET Cement cos set to see mergers, attract foreign buyers: Study PE industry looks towards better fortunes in 2013: PwC Sensex ends flat; Infosys up 17 per cent post Q3 result DEBT MARKET Call rates edge higher on Reporting Friday Bond yields remain unaffected post release of muted IIP data Banks pin hopes on RBI to overcome liquidity crunch Bondholders in Crosshairs as Merkel Travels to Cyprus Treasury Curve Close to Steepest Since May on Economy Italian Bonds Gain Fourth Day After Auction; German Bunds Fall Bank of Korea Holds Rate as Park Vows Effort to Boost Growth Russia to Hold Rates as Downturn Sets Stage for Easing COMMODITIES/FOREX Gold set to shine as ECB chief paints grim economic picture Gold Seen Advancing as Much as 14% This Year in LBMA Survey Oil Falls on Chinese Inflation Data Rupee closes lower at 54.76 on weak industrial data Yen Falls to Lowest Since 2010 on Stimulus; Euro Gains Canada Dollar Falls From Almost 3-Month High on Trade Gap Pound Slides for Sixth Day Versus Euro as Manufacturing Falls  MUTUAL FUNDS ‘Retail money will begin flowing in if markets go up another 15% Higher NAV deters investors from direct investment schemes INSURANCE New India plans 'zero depreciation policy' for two-wheelers MNC insurers seek raise in FDI cap to 49% Health-insurance terms to be standardised REAL ESTATE India construction sector outlook negative in 2013: Fitch Foreigners to pay more for Singapore property Office space leasing falls by 26pc in 2012: CBRE OPINION Confirming a slowdown Industrial production data might spoil PMI cheer 'Overall trade deficit a cause for concern' Weak economy, large budget deficits will force Japan to default on domestic debt KNOWLEDGE CENTER YTM method to calculate pre-tax return on deposit Tax planning for new year Success mantra for 2013: Keep it simple Buying a used car? Check the documents