Hints and tips:
...At Barclays, Edward Bramson’s Sherborne Investors failed to convince other shareholders of his plan to shrink its investment bank during a three-year effort that ended in 2021....
...The FTSE 100 trades on a 11.6x P/E. This valuation puts the UK on the 38th percentile vs. its own history (since 2006)....
...And sector-wide, Barclays says regional-bank credit spreads are pretty tight relative to the SPDR S&P Regional Banking ETF....
...“This is basically forcing the equity market to wake up to the reality of less Fed cuts,” said Emmanuel Cau, a strategist at Barclays....
...The final S&P Global UK services PMI business activity index rose to 54.3 last month, up from 53.4 in December and the initial reading of 53.8....
...“Surging oil is reviving stagflation fears,” said Emmanuel Cau, head of European equity strategy at Barclays....
...The benchmark S&P 500 has climbed 8 per cent since the beginning of January, boosted by rapid ascents for megacap tech stocks including Nvidia, Meta and Amazon....
...Over the same period China’s sovereign debt entered the Bloomberg Barclays Global Aggregate Index, one of the most tracked bond benchmarks....
...the ‘dummy variable’ approach this pattern flips from significant to insignificant depending on sample length, while there is no corresponding sign of seasonal effect in equity markets (proxied by the S&P...
...Apple fell 0.9 per cent after Piper Sandler on Thursday downgraded its stock to a “neutral” rating, following a Tuesday downgrade from Barclays....
...The tech-heavy Nasdaq Composite lose 0.6 per cent, while the benchmark S&P 500 slipped 0.3 per cent for its fourth day of losses....
...Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove (“J.P....
...Ethan WuAnd just to put a finer point on it, the point here is it’s not enough to just look at headline p/e for the UK, headline p/e for the US and say, well, golly, there’s a huge discount here....
...Schadewald started at Barclays and then moved to Jane Street. He worked there from October 2018, and headed the firm’s S&P 500 options desk until his move to Millennium in February....
...These were formerly known as the Barclays Agg family (and before that the Lehman Agg) and are dominant in the bond market. The exact mix of indexing revenues varies quite a bit....
...However, Barclays’ models suggest that even now CTAs remain net short both equities and bonds. “So [interest] rates down and equities up remains a pain trade,” said Cau....
...Chipmakers and Apple headlined the tech fallers dragging the Nasdaq and the S&P lower....
...SRT transactions have picked up, more than doubling globally to €200bn in the two years to 2022, according to data from S&P Global....
...“Some pullback [on the S&P 500] was merited” after it became “very overbought” at the end of July, he added. “Complacency has gone,” said Emmanuel Cau, head of European equity strategy at Barclays....
...The benchmark S&P 500 rose 0.4 per cent, led by technology and energy stocks, and the tech-focused Nasdaq Composite gained 0.5 per cent....
...Barclays estimates that the ice cream business could be worth €17bn and puts Unilever’s market share at 20 per cent, making it the industry leader....
...“The increase in wholesale prices serves as a reminder that the data-dependent Fed isn’t ready to declare victory on its campaign to quell inflation,” said Quincy Krosby, chief global strategist for LPL...
...Emmanuel Cau, head of the European equity strategy at Barclays, argues that the much stronger performance of the US — where gross domestic product rose 3.3 per cent in the final quarter of 2023 — had overshadowed...
...Average returns on Indian equity are ahead of the global average at 16 per cent, notes Barclays. Valuations tend to be higher as a result....
International Edition