Providence, Cinven and KKR launch first strike in public-to-private M&A
At the start of June, listed Spanish telecom company MasMovil announced that it had received a takeover approach from a consortium of private equity bidders comprising Providence Equity, Cinven and KKR. MasMovil, which has been busily acquiring smaller competitors such...
Sterling Weakness Continues as Markets Tread Water
The financial markets are generally treading water in Asian session today, with very limited movements. Yen, Swiss Franc and Dollar are the strongest ones for the weak so far. But there is not much committed buying seen yet. On the...
Market Morning Briefing: Euro Has Come Down To Test 1.12
STOCKS Asian indices look relatively stronger than the Dow and DAX. Nikkei and Shanghai have moved up well from their supports and can rise further in line with our expectation. Sensex and Nifty have also risen-back sharply. A strong follow-through...
Dysfunctional financial system is unleashing a dangerous environment for investors, long-time bear David Tice warns
Long-time bear David Tice believes the market has become a house of cards. The AdvisorShares Ranger Equity Bear ETF manager warns unprecedented Federal Reserve policies designed to mitigate the coronavirus fallout is creating major damage. “I find the biggest disconnect...
Another 1 million jobless claims show Congress may need to extend extra benefits set to expire
Whitney Maddox and DeShaun Bradford stand with hundreds of others in line outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020. Bryan Woolston | Reuters The Labor Department’s latest jobless...
NZDUSD Positive Picture at Risk as Lower Bound of Ichimoku Cloud Tested
NZDUSD’s short-term bullish picture under scrutiny as the pair is presently resting on the lower band of the Ichimoku cloud. The latest sideways move may gain a negative boost should it dip under the cloud and the 50-period simple moving...
Jobless claims total 1.5 million, worse than expected as economic pain persists
Weekly jobless claims stayed above 1 million for the 13th consecutive week as the coronavirus pandemic continued to hammer the U.S. economy. First-time claims totaled 1.5 million last week, higher than the 1.3 million that economists surveyed by Dow Jones...
BOE Expands QE Size, but Slows Pace of Purchases
BOE turned out to be less pessimistic than we had anticipated. The members acknowledged that global economic contraction in 2Q20 will be “less severe than expected”. While the size of QE is expanded, the members will likely slow the pace...
Top economists want to swap those $600 unemployment benefits with up to $400 a week
Closed businesses on May 21, 2020, in Baltimore, Maryland. (Photo by Salwan Georges/The Washington Post via Getty Images) Lawmakers should replace a $600 unemployment supplement for jobless workers with a maximum $400 a week, according to a new proposal issued by...
Sterling Tumbles after BoE, Markets in Mild Risk-Off Mode
Sterling drops notably today after BoE announced to expand the asset purchase program as widely expected. Australian Dollar is currently following as second weakest, then New Zealand Dollar. Markets are in slight risk-off mode today, as European indices are trading...
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