Hints and tips:
...The S&P 500 rose 3.1 per cent in July, including a 0.2 per cent gain during the final session of the month on Monday....
...In the case, hundreds of institutional investors sued a group of banks including JPMorgan over a 2014 leveraged loan deal that went sour....
...Stricter lending standards post-SVB deprive commercial property borrowers of reasonably priced credit, crimping their margins and pushing up defaults....
...Excluding the effect of the big fall in lumber prices, the decline was only 2.3 per cent....
...Rather than giving them the more logical name Tier 3 bonds, bankers christened this new class of debt with the rather oxymoronic moniker “senior non-preferred”....
...The average two-year fix is a shade under this at 3.95 per cent. The more equity you have in your home, the better the rate you will be able to secure....
...H: Commerzbank, L: Coinbase What was the name of the New Jersey deli that was at one point worth $100m?...
...The ECB introduced negative rates in 2014 to stimulate lending and spending and has not raised borrowing costs since 2011....
...In the US on Tuesday, the S&P 500 index rose 0.8 per cent, bolstered by bank stocks, while the Nasdaq Composite index added 1.3 per cent....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...The blue-chip S&P 500 stock index fell 1.1 per cent on Thursday, and now sits 7 per cent below a high set this month....
...fear of stronger demand, fear of a rally contagion from gas and power, fear of missing out on the rally, and the fear to rule them all: supply anxiety,” said Roger Diwan, an oil analyst at consultancy IHS...
...The IHS Markit eurozone flash purchasing managers’ index for services rose to 50.3 in April, from 49.6 in March....
...We’ve given lenders and borrowers choices that they didn’t have before....
...Wall Street reacted by dumping its stocks, making the sector one of the S&P 500’s smallest....
...The US equity market also opened lower, with the S&P 500 extending Wednesday’s 2.6 per cent drop....
...Credit default swaps are instruments that pay compensation if a borrower defaults, and IHS Markit’s CDX indices include CDS on dozens of companies....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...EV/EBITDA of 270x FY21 BBG consensus); after all, IFRS 15 means that the new Solutions contracts are only reflected in the P&L with a lag....
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...At the time of writing for instance, its Wiki entry on tag fraud was last updated in 2014 so will need some attention, because: G4S has agreed to pay a £44m fine over its contract for electronic tagging...
...) estimates i.e. an attractive valuation, however: i.) preprovision profit in our base case is declining -2% CAGR ‘19-22E and ii.) our L-T recession scenario sees only 1% p.a....
...On March 13, for example, the S&P 500 rose 10 per cent in a day and the value of Pershing Square’s contracts dropped by $800m, a person familiar with the firm said....
...– P/Es are meaningless in the current environment with loss-making small caps back to peak levels (c33% of the Russell 2000). v) Since 1923, small caps outperformed by 2.3% a year....
...In the Topix 500, 451 non-financial companies with a combined market capitalisation of $3.6tn are sitting on $2.6tn of tangible assets....
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