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...“It’s been quite an accomplishment to rein in market enthusiasm from six [or seven] rate cuts to three,” said Vincent Reinhart, chief economist at Mellon....
...Microsoft, Nvidia and Tesla, which added $5.4tn to their market capitalisation last year — equal to the combined size of the eurozone’s four largest economies (Germany, France, Italy and Spain), according to Vincent...
...For example, the S&P Composite 1500 Bank index fell 66 per cent between January 2007 and July 15 2008 before Lehman Brothers collapsed in September that year....
...According to S&P Global Ratings, average discounted loan recoveries for 2022 to 2023 were just 61.5 cents on the dollar, nearly 12 percentage points below their long-term average to the end of September....
...In 2016, the S&P 500 gained about 6 per cent in the six weeks following Trump’s win. Over his entire term, the S&P 500 gained 57 per cent, compared with 48 per cent so far under Biden....
...And, with this CPI report, the starting gun didn’t go off,” said Vincent Reinhart, a Fed veteran who is now at Dreyfus and Mellon....
...The market reaction was more of a shock,” said Vincent Mortier, chief investment officer at Amundi, Europe’s largest asset manager....
...The S&P 500 has risen more than 14 per cent this year, and with two weeks still to go, this is already one of the best half-years for the index in two decades....
...I would hate to think the selling of my S&P 500 ETF helped to push the index lower this week....
...“Hedge funds are starting to position for downside risk in US stocks,” Goldman analyst Vincent Lin wrote in a recent note to clients....
...Companies in Wall Street’s benchmark S&P 500 index spent $175bn buying back shares in the three months to June, according to preliminary data from S&P....
...Now, S&P Global forecasts that the 12-month trailing default rate for speculative-grade securities will jump from the current 2.5 per cent to 4.5 per cent by early 2024....
...Jitesh Kumar and Vincent Cassot write: Profit margins for corporations are cyclical — they rise going into a recovery, peak around the middle of the cycle and then fall sharply going into recession....
...Overall, Russia’s Moex equity index is trading at about five times expected earnings over the next year, a steep discount compared with about 21 times for America’s S&P 500....
...The pair have bought minority holdings in Clipway, a firm set up by former Ardian senior investor Vincent Gombault....
...UMG shares are down 10 per cent over the past 12 months, while the S&P 500 index has lost 4 per cent and Spotify shares have climbed 26 per cent....
...Vincent Mortier, chief investment officer of the Paris-based fund firm, which has €2.1tn in assets, thinks “too much risk” is priced into Chinese credit and high-quality companies, while markets in the US...
...His current docket includes a €1bn bid to wrest control of French supermarket Casino from its owner, talks to buy publisher Editis from billionaire Vincent Bolloré’s Vivendi, and perhaps even an acquisition...
...S&P recently upgraded Miami bonds to AA on this basis, even though the city expects the sea level to rise by up to 21 inches (53cm) by 2070....
...The S&P monthly survey of purchasing managers indicated that new export orders contracted across the world throughout the second half of last year and in January....
...AP Møller-Maersk reports figures on Wednesday and investors will be eager to hear what new chief executive Vincent Clerc plans to do with what is now the world’s second-largest container shipping company...
...Law firm Dechert has appointed partners David Forti and Mark Thierfelder as co-chairs and partners Sabina Comis and Vincent Cohen Jr as its first global managing partners....
...Amundi Asset Management’s chief investment officer Vincent Mortier said more or less the same in June: “Some parts of private equity look like a pyramid scheme in a way . . ....
...“Bonds are back,” proclaimed Amundi’s chief investment officer Vincent Mortier at a presentation in mid-September. “I’m convinced that bonds are back.”...
...“We don’t want any massive surprises,” says Vincent Kaufmann, chief executive of the Ethos Foundation, which represents about 5 per cent of Credit Suisse shareholders....
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