Hints and tips:
...Eswar S Prasad, Diane Coyle and Nudge authors Richard H Thaler and Cass R Sunstein all appear on Martin’s 2021 reading list....
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...Casting doubt on the merits of a V-shaped recovery is hardly an earth-shattering view....
...Here’s Morgan Stanley: Most investors are now in our camp that the March lows will likely hold....
...Asos and H&M are upgraded to “equal weight and Kingfisher joins M&S as “overweight” on valuation grounds....
...We think it’s largely right that the gaming sector will enjoy a V-shaped recovery as sporting events resume....
...Since we last met the FTSE 100 is up 3.6 per cent, the Stoxx 600 is better by 3.8 per cent and the S&P 500 is 1.7 per cent to the good. Why?...
...H&F, whose deal team is being led by its deputy chief executive, Patrick Healy, will acquire a majority of Nets, with a group of co-investors who are helping to fund the takeover....
...The all-cash offer represents a 27.4 per cent premium to Scout24’s undisturbed share price before the Financial Times revealed in December that it was exploring a sale....
...Nevertheless, Mr Trump has made the stock market emblematic of the successes of his policies since election — “Congratulations U.S.A.!”...
...brooke.masters@ft.com...
...Oaktree Capital's Howard Marks is one of the world's famous investors. In part because of his record in the world of junk bonds, and in part because of his thoughtful investor memos....
...The most disconcerting aspect of the Brexit process remains the absence of what George H.W....
...S&P Dow Jones Indices no longer allows companies with multiple share classes to join various indices including the S&P 500, the index of large US companies....
...It turns out, not much: Clearly, investors are happy at the moment for tech's top engineering talent to share in their spoils....
...While a sustained rout would start damaging business and consumer sentiment as wealth is depressed, the S&P 500 index remains at levels seen as recently as December....
...Investors also digested another batch of earnings with GE shares sliding after the largest US manufacturing group cut its earnings guidance....
...Buyout funds are sitting on a record amount of cash, fuelling pressure from their investors to deploy the capital....
...H&F is working with some of its own investors which are likely to co-invest alongside the San Francisco-based buyout group in the deal....
...Brooke.Masters@ft.com...
...Wendell Steavenson asks why we lost our taste for M&S and what that tells us about our changing food preferences....
...Demand for safe-haven, as well as US treasuries has persisted throughout the trading day, despite a rally in the S&P 500 off its lows....
...Stocks v bonds: Hindsight was long US long Treasuries and short the S&P 500 until midyear (making 10.8 per cent) and then went long stocks and short bonds, making 26.8 per cent....
...On the corporate calendar, retailer H&M is reporting Q3 results, while Santander is holding an analyst meeting....
International Edition