Hints and tips:
...Financial markets closed South Korea: preliminary Q1 GDP figures US: preliminary Q1 GDP figures Results: Airbus Q1, Aker Solutions Q1, Alphabet Q1, American Airlines Q1, AstraZeneca Q1, Barclays Q1, BNP...
...Barclays, Bet365’s main UK bank, only handles business from fully regulated markets. Bet365 did not respond to requests seeking comment for this article....
...Data visualisation by Ray Douglas...
...While Goldman has expanded its market share in its core investment banking and trading business, and outperformed the S&P 500 index under Solomon’s watch, efforts to diversify the bank’s revenues into less...
...Ray Barrell: Growth in the UK should be moderately positive in the next year....
...As always, reach out to us at imani.moise@ft.com and sid.v@ft.com with thoughts and topics....
...Lex is sceptical about Facebook’s glasses launched with Ray-Ban on Thursday....
...Silvia Ardagna, head of European economics at Barclays: Lag behind the US but contract together with the euro area....
...Mike Lewis, head of US equities cash trading at Barclays, said that while he expected the drop in the stock market to be shortlived, investors were no longer baking in a powerful V-shaped recovery....
...One thing to start: Monday marked the S&P 500’s worst day of trading since May as the liquidity crisis at the Chinese property developer Evergrande rocked global financial markets....
...Barclays had taken a plunge by acquiring the US parts of Lehman Brothers when the investment bank imploded in 2008, but the deal quickly became a deadweight dragging the British bank down as well....
...The yield on the 10-year US Treasury, which moves inversely to its price, rose 0.039 percentage points to 0.685 per cent....
...Gold for December delivery settled 0.3 per cent higher to $2,039 a troy ounce....
...In the US, the Nasdaq Bank Index has fallen more than a third, while the S&P 500 is flat for the year. That has wiped out a combined $987bn in shareholder value, Citi data shows....
...Barclays trades at 5.3x P/E ‘22e, 0.4x PTNAV for a RoTE of 7.1% ‘22e, we remain OW and reiterate Barclays as our top pick in the UK. What else?...
...(FT) Barclay family feud Relatives of Frederick Barclay have agreed to pay damages to the billionaire and his daughter for breaching their privacy and misusing private information after secretly bugging...
...Barclays can summarise the rest: Key numbers: 4Q Retail LFL: -2.2%, vs Barclays -2.3% Underlying FY EBIT: £513m, vs Barclays £516mn, consensus £517m Underlying FY PBT: £408m, vs Barclays £410, consensus...
...Asos and H&M are upgraded to “equal weight and Kingfisher joins M&S as “overweight” on valuation grounds....
...Covid-19’s impact on the UK property market was “unprecedented”, Zoopla said....
...The tumble wiped out the Stoxx Europe 600’s gains for the year. Wall Street had its worst day in two years, declining 3.4 per cent, erasing the S&P 500’s gains for 2020....
...In s case of a no deal Brexit we should expect the Bank of England to be buying credit. David Page: The Bank of England has material scope to increase the quantity of its QE purchases in 2021....
...What’s more, several large shareholders in Barclays are unhappy that Bramson has funded the majority of his stake with a $1.4bn loan from rival Bank of America....
...Greenhill has hired Richard Taylor as a managing director and chairman of the investment bank’s UK business. Taylor was formerly at Barclays where he co-led its investment banking division....
...In recent weeks Next has been trading on its biggest ever valuation premium to both Kingfisher and M&S....
...Video of the day Reading market reactions to Covid-19 US finance editor Robert Armstrong breaks down the S&P 500 to show how stocks in healthcare, utilities and banks as well as bond yields are all moving...
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