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...The IMF expects its economy to grow over 6 per cent this year, and investors increasingly see the country as an alternative to China . . . Optimism surrounding India’s economy has boomed this year....
...This means over that period, Chinese banks have actually outperformed US banks by 12.6 per cent in dollar terms....
...Hungerford co-founded Nutmeg, a digital wealth management firm, in 2011, and sold it to JPMorgan Chase for around £700mn a decade later....
...The best-performing battery metal exchange-traded fund available to UK investors this week was the L&G Battery Value-Chain ETF, a mix of miners and battery manufacturers that had annualised returns in the...
...Need to know: Global economy Top Canadian pension fund CDPQ became the latest western investor to pull back from China....
...It is worth remembering that rates rallied sharply following the downgrade of the USA sovereign rating by S&P in August 2011....
...H: Coinbase, L: AMC What share of the US stock market is held by passive investors, according to a paper published earlier this year?...
...While appreciated by corporate customers such as L’Oréal, BP and GSK, it takes a good minute to explain to the less technically literate....
...Mortgage guarantor Freddie Mac reported that, as of October 6, the average 30-year, fixed-rate mortgage fell to 6.66 per cent, down from 6.70 per cent a week earlier....
...“That could quickly rise to 40 per cent overvalued if mortgage rates hit 6 per cent,” he says....
...pulled a record $6.7bn from European stock funds....
...Wall Street’s blue-chip S&P 500 index fell 1.6 per cent per cent, dragged lower by the worst day since June 2020 for financial stocks, with the S&P sub-index dropping 3.7 per cent....
...The energy sector was also swept up in the selling, with Brent crude, the international benchmark, dropping almost 6 per cent as investors fretted about the outlook for the global economy....
...In the UK the share of the average FTSE 100 company held by the top 10 investors, all institutions, rose from 36 per cent in 2011 to 40 per cent in 2020. That doesn’t sound like much of a shift....
...It has already raised rates by 2.25 percentage points to 6.5 per cent, and another rise is expected on Friday....
...These managers comfortably beat the market — the Topix index doubled over 2011-20, including a 4.8 per cent rise last year....
...The only reason the Nigeria case came to wider public attention is because P & ID went to court to have the $6.6bn judgment enforced....
...UK gross domestic product increased 2.1 per cent from July, but the expansion fell short of the 4.6 per cent consensus forecast of economists polled by Reuters....
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...Here’s Bank of America: We had modelled £40m in our estimates and our sense is investors were factoring in £40-50m....
...For investors like Wang Guili, that’s close enough to seek out a potential bargain....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...Q: How would we expect investors to react?...
...Our back-of-the-envelope $1.5bn WW recurring sales for AZN assumes 250m doses p.a. for developed countries at c.$6 per dose, a discount to estimated US flu vaccine revenue/dose around $11-13 given likely...
...The company has announced an interim dividend of $101m ($0.9531 p/s) and is launching a new $67.3m share buyback today....
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