Download PDF USA US indexes ended the week higher, one of the reasons seems to be the minute of the Federal Open Market Committee, which spread positivity on the market. The S&P 500 and Nasdaq Composite kept their upward trend with the latter approaching the 14,000.00 level, a barrier surpassed Read more…
Download PDF What is a Hostile Takeover and How does it work? A Hostile Takeover is often the result of the rejection made by the Board of Directors (BoD) of Company B of a friendly acquisition bid made by Company A, as Company A might still try to take control Read more…
Download PDF Carrefour S.A. (EPA:CA) – Market Cap as of 31th March 2021 €12.5bn Atacadão (Carrefour Brasil) (BVMF: CRFB3) – Market Cap as of 31th March 2021 R$45.3bn Grupo BIG – Private Company Introduction On March 24th, 2021, Carrefour SA announced that its Brazilian arm has entered into an agreement Read more…
Download PDF USA It doesn’t take long for the stock market’s mood to change, and the past week proved the point as the market quickly turned up and the majority of indexes closed Thursday with considerable gains. The Nasdaq composite and S&P 500 were respectively up 2.71% and 1.17% over the Read more…
Download PDF Introduction Abundance of liquidity thanks to the coordinated stimulus injected by the world’s major central banks during the past year has triggered a renewed interest in gold due to its role of store hold of wealth. This article is part of our series on the impact of NIRP Read more…
Download PDF Introduction Even though electric cars today only account for nearly 3% of the global car sales, companies have for a long time acknowledged that only by starting to invest now in a shift to EVs, they will have a chance to survive in the years to come and Read more…
Download PDF Introduction WeWork has agreed to go public through a merger with a blank-cheque company BowX Acquisition Corp in a deal that implies an initial enterprise value of approximately $9bn for the office-sharing provider. Following the high-profile collapse of its IPO attempt in 2019, WeWork is taking advantage of Read more…
Download PDF Introduction A specter is in the horizon for US investors: the specter of inflation. As the fed policy objectives shifted toward allowing a brief term inflation “overshoot” the 10-year and 5-year breakeven inflation rates, the differential between TIPS and nominal bond yields, have reached new heights in the Read more…
Download PDF Introduction – The Crisis of Greensill Capital Firms come and firms go, some find long-lasting success, while others start from bright start-up ideas but end up in the graveyard of business ideas in a matter of years. Greensill Capital had the potential to be in the first group, Read more…
Download PDF USA Another whipsaw week in the American markets as investors have weighed signals that the U.S. economy is primed for a spell of rapid growth against concerns about rising bond yields and over concern on the Suez Canal debacle. Wall Street’s main indexes broadly rose on Friday with Read more…
Download PDF Athene Holding Ltd [NYSE:ATH] Market Cap as of 25th March 2021: $9.56bn Apollo Global Management, Inc. [NYSE:APO] Market Cap as of 25th March 2021 $20.86bn Introduction On March 8th, 2021, Apollo Global Management, Inc., a major publicly owned investment manager, and Athene Holding Ltd, a leading retirement services Read more…
Download PDF ION Group – privately owned Cerved (CERV) – market cap as of 26th March 2021: €1.86bn Introduction ION Group has made a takeover offer worth €1.9bn ($2.2bn) for Milan-based Cerved, just days after the privately-owned fintech company snapped up Italian banking software provider Cedacri. Dublin-based ION, led by Read more…
Download PDF Introduction We continue our series on the impact of negative interest rate policies (NIRP) on various asset classes by looking at equities valuations this time. The years after the Great Financial Crisis have brought secular macroeconomic, policy and structural shifts, which have resulted in an unmatched collapse in Read more…
Download PDF Introduction The Fed’s buying spree and general pandemic response has recently scooped up most of the media attention around central banking operations. The world of financial markets stands in awe when Jerome Powell speaks of or hints at the Fed’s next moves. However, the Swiss National Bank likes Read more…
Download PDF Introduction We continue our series on NIRP with the focus on the rates in the UK and the prospect of them becoming negative, that has kept markets professionals on their toes for the last year. Then we go on to discuss the UK outlook on the back of Read more…