Spacs prove resilient in shaky markets
Special Purpose Acquisition Companies (Spacs), which use the IPO market to raise funds for acquisitions, have proven their ability to weather the current market turbulence. As of May 21, 26 such IPOs had come to market in the US this...
China’s Diplomatic Tensions Overshadow Global Coronavirus Pandemic Exit Optimism
While Dollar and Yen staged notable rebound towards the end of week, they still ended as the worst performing ones. On the other hand, commodity currencies were the best performers despite paring some of the gains. Markets were lifted by...
Weekly Economic and Financial Commentary: U.S.-China Tensions Heating Back Up
U.S. Review Wait and See The re-opening of the country is getting underway, with all 50 states starting to roll back restrictions. It remains too early to assess the effect of the re-opening on coronavirus case growth, which continues to...
The Weekly Bottom Line: Markets Optimistic Ahead of Memorial Day
U.S. Highlights Stock markets were in an optimistic mood heading into the Memorial Day weekend, although the economic data continues to be atrocious. Jobless claims data suggest that more job losses are coming in May. More concrete good news came...
Forward Guidance: Rear-View Economic Data in Canada but Focus Forward
The past week continued to highlight some green shoots in economic data for May – not itself surprising given the increasing number of regions/countries beginning to ease COVID-19 containment measures. The early round of PMI measures for May generally were...
Week Ahead – Reopening Momentum and China in focus
Brewing geopolitical risks helped investors take some risk off the table heading into the long weekend. The dollar rallied against most of its peers as tensions remain front and center for the world’s two largest economies. Renewed unrest in Hong...
Stock market live Friday: Best week in a month, small caps surge, recovery looking ‘V-shaped
New York, USA – May 8, 2018: Wall Street sign near New York Stock Exchange with flags of the United States. ymgerman | iStock Editorial | Getty Images The Dow moved lower on Friday as investors wrapped up a volatile...
Investment banking: Have suitcase, won’t travel
Since the 2008 financial crisis made large physical networks an unjustifiable luxury, Western banks have increasingly relied on an army of peripatetic bankers to service clients in emerging markets. Take emerging Europe, for example. In the early 2000s, most larger...
Gamblers pivot to stock trading during lockdowns – Barstool’s Portnoy revives old E-Trade account
In a normal year, sports fans would be gearing up for the NBA playoffs at the end of May. This spring, with no live competition, some are searching for thrills in the stock market. U.S. brokerage firms have seen a...
Banks will struggle to generate profits even as the global economy recovers, IMF says
WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday. In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced economies will struggle to generate...
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