Introduction On November 5th, the world’s highest-valued fintech company, Ant Group, had plans to list its shares on the Hong Kong and Shanghai Stock Exchanges in the largest IPO in history, aiming to raise a total of $37bn and to surpass Saudi Aramco’s record of $29bn from December last year. Read more…
The Move. The PBoC has recently cut the Required Reserve Ratio (RRR) to 18.5%. The RRR represents the portion of cash that banks must deposit with the central bank. The size of the cut has been 100 basis point, double the expected 0.50%. A cut of the RRR represents a Read more…
US The market movers in the week just past us in the US were certainly the news on the labor market; non-farm payrolls soared past estimates at 295,000 and unemployment tumbled at 5.5 per cent. The latter figure is the upper limit of what has been previously defined by the Read more…
US Big news has struck the US economy this week and in particular the ones oil-related has had a strong effect on the market. The US economy has been once again the main driver of the fall in oil prices this week as the country’s stockpiles of crude last week Read more…
US After turmoil in the recent weeks US equities are back to all-time highs. Very solid data on consumer confidence and a Q3 GDP growth rate print of 3.5%, above a lower forecast of 3%, propelled the S&P 500 to 2018.05. Not even the completion of tapering on Wednesday stopped Read more…
US Last week’s losses were followed by some more, as the S&P 500 lost 0.75% to close at 1967.9 and the NASDAQ Composite and DJIA went down 0.81% and 0.6% respectively from their values at the end of last week. Stocks took a beating on Tuesday and Wednesday especially as Read more…
US Equity markets in the US lost ground this week, ending short of the fresh highs touched in the previous one. Macroeconomic data came in mixed, as a solid manufacturing PMI and positive data on new home sales on Tuesday and Wednesday were confounded by disappointing durable goods orders and Read more…
US US equities enjoyed significant gains in the week just past us after trading sideways for most of the summer. The S&P 500 was 1.25% above its closing value last Friday, closing now firmly above the 2,000 level at 2,010. The index clocked in its largest gains mid-week, on the Read more…
[edmc id=1641][/edmc] US This week has been full of economic data. The most relevant are the following: – Final GDP growth for 4th 2013 quarter q/q is 2,6%, still mainly driven by inventories. – Flash manufacturing PMI is at 55.5, a bit lower than expectations. However, this suggests a manufacturing Read more…