Download PDF USA United States’ major indexes evidence was mixed, but most of them ended lower in the holiday-shortened trading week (markets were closed on Monday in observance of Presidents’ Day). This was mainly due to an increase in treasury yields that climbed to the highest levels seen in a Read more…
Download PDF USA US stock indexes closed at all-time highs also this week, showing modest weekly gains. This was mainly due to expectations for a fresh round of stimulus spending, strong corporate earnings, and progress in the rollout of Covid-19 vaccines. The S&P 500 rose 1.2% for the week, closing Read more…
Download PDF US US stocks went further into top territory this week. S&P was up 14.50% YTD at 3,699.12 points; DJIA up 5.89% YTD at 30,218.2 points, recording the best monthly performance since 1987. Similarly, small-cap Russel 2000, up 13.36% YTD at 1,891.35 points, showed its best gain since inception, Read more…
Download PDF Devon Energy Corporation (DVN:NYSE) – market cap as of 9/10/2020: €3.9bn WPX Energy Inc. (WPX:NYSE) – market cap as of 9/10/2020: €3.0bn Introduction Following months of global lockdown and a fierce oil price war hitting highly indebted American oil producers, a new wave of consolidation in the Read more…
Introduction This is the second and last part on BSIC’s report about the oil industry. In this article, we set out to discuss the most relevant determinants of oil demand in the short to medium term. We analyze the effects that a predicted economic slowdown would have on the consumption Read more…
US Last week the S&P500 was slightly down by 0.19% and closed the week at 3110,29 points. The index remained above the 3100 threshold while the yield on the US 10 year treasury was down 6 basis points at 1.774. The US market was once again driven by the phase-one Read more…
US The Dow Jones Industrial Average crossed the 28k mark with a close at 28,004.89 on Friday, recording a weekly gain of 1.2%. The S&P 500 closed at 3,120.46 up 0.9% w-o-w. These numbers outline a 6th consecutive week of gains for the index – for the first time in Read more…
US The rally in the U.S. markets continued this week, sustained by the optimistic outlook on the resolution of the US-China trade disputes. The S&P 500 and the Nasdaq Composite were both up 0.85% w-o-w, closing at 3,093.08 and 8,457.31, respectively. The Dow Jones Industrial Average recorded a weekly gain Read more…
Tokio Marine Holdings Inc [TKOMY: TYO] – Market Cap as of 18/10/2019: $36.95bn (¥4.05tn) Introduction Tokio Marine, Japan’s largest non-life insurance company, has agreed to acquire Pure Group: a US-based insurance group majority-owned by private equity players KKR and Stone Point. The deal, valuing Pure Group at $3.1bn, is expected Read more…
Introduction The term eCommerce has been around for years, now. Definitions of it have been imprecise and, most of the time, people tend to associate it to companies like Amazon and Alibaba and not without a reason since their business is commerce through the internet. Virtual Commerce, however, is more Read more…
US The Dow Jones Industrial Average closed at 26,573.72 on Friday recording a weekly loss of 0.9%. The S&P 500 closed at 2,952.01 down 0.3% w-o-w. These numbers outline a 3rd straight week of negative returns for US equities. The US market was primarily impacted by 3 key data releases Read more…
Even those of us who don’t check commodity prices were probably keen to see the spike in oil prices at markets open on Monday, September 16th. While the drone attacks on the facilities of Saudi Aramco and their consequences are still present in the news, in this article we want Read more…
US On Monday, the US registered stronger than expected manufacturing and composite PMIs while a weak service PMI. In the same day, the FED injected about 50bn $ in the financial system through REPOs following last week spike in short-term borrowing costs. The FED continued its intervention in the REPO Read more…
US Fannie Mae and Freddie Mac are once again back in the spotlight, with American treasury secretary Steven Mnuchin proposing to reform and recapitalized these government enterprises. The Fed has cut rates by 25 bps to a range of 1.75% – 2%, in line with market expectations while resisting the Read more…
The Carlyle Group (NASDAQ:CG) – market cap as of 08/04/2019: USD 6.34bn Introduction On April 8, 2019, the US PE giant Carlyle announced its decision to acquire up to 40% of the capital of the Spanish multinational Cepsa from the sovereign fund of the United Arab Emirates Mubadala for up Read more…