Hints and tips:
...To qualify for tax exemptions and hiring investment professionals, applicants must commit to increasing assets under management to S$20mn (US$15mn) within a two-year period....
...While there was no agreement on fossil fuels, the G20’s pledge to boost green energy was widely welcomed....
...Two successful albums ensued, first the eponymous calling card Bicep in 2017, then 2021’s Isles, named as though the twosome were voyaging into an archipelago of sounds....
...including spy thriller Munich, based on Robert Harris’s bestselling book, and Army of Thieves, a German-American zombie movie developed by Zack Snyder, the Hollywood director who made zombies run in 2004’s...
...The one artist whose work I would collect if I could is Derrick Adams. His Floaters series of black folks hanging out on pool floats is incredible....
...Law firm Squire Patton Boggs has hired Derrick Cephas in New York. He previously led the financial institutions regulatory practice at Weil, Gotshal & Manges....
...Baird has hired Derrick Li as a managing director on its global healthcare investment banking team....
...Mr Bancel has sold $54m of shares, according to S&P Global, although it was on a scheduled plan and most of his net worth remains in Moderna stock....
...It’s a freedom afforded by his four Grammys and a bulging folder of production credits that includes every Rolling Stones album since 1994’s Voodoo Lounge....
...Given that almost 40 per cent of S&P 500 revenues are international, a weaker dollar is a welcome tailwind for Wall Street....
...Simon Derrick at BNY Mellon argues the pronounced drop in Treasury yields and expectations of Fed rate cuts does not explain all the recent selling pressure seen in the reserve currency....
...As this chart shows, equities tend to like a weaker dollar and the last thing S&P 500 companies need is a further hit to their foreign revenues as they try and offset margin pressure....
...S&P 500’s January tear — The index rose 7.9 per cent in the first month of 2019, its best start to the year since 1987, and one of its 10-biggest on record....
...Goldman’s latest quarterly earnings arrive tomorrow and come when the S&P 500’s financials index has extended its climb from its nadir on Christmas Eve....
...“The S&P 500 still seems to be able to remain firm with these dollar levels.”...
...Earnings season steps up the pace — This week 158 companies in the S&P 500 index are due to report results....
...An index of the dollar against its peers this week soared to a 13-month high while the S&P 500 is close to topping January’s record high....
...Simon Derrick, chief currency strategist at BNY Mellon, noted that the dollar was heading for its biggest monthly rise against the offshore renminbi since the early 1990s....
...The FTSE All-World excluding the US has retreated 6 per cent, while the S&P 500 has gained 9.5 per cent for the year. A sting beckons....
...“It is noticeable that Italian markets have begun to show some signs of worrying about what Five Star/League government might mean,” said Simon Derrick of BNY Mellon, arguing that plans to issue short-term...
...The S&P 500’s record-breaking run took it to a closing reading of 2,503 on Monday, up 0.2 per cent after touching an all-time intraday peak of 2,508.32....
...Meanwhile, Simon Derrick, chief currency strategist at BNY Mellon, highlighted that the dollar’s broad weakness since November had coincided with the passage of tax reform in the US....
...This is particularly the case when a 12-month T-bill pays more than 2 per cent and the trailing 12-month dividend yield on the S&P 500 is about 1.9 per cent....
...The S&P index has undergone a decline, but this has been small in the context of the stellar gains of 2017....
...“The steadily fading impact of European politics on the euro has been a key theme in 2017,” said Simon Derrick of BNY Mellon....
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