Early Look: Tuesday, February 18, 2020
Stock futures are lower across the board, led by a decline in technology names after Dow component and tech giant Apple (AAPL) warned that won’t meet its Q2 financial guidance because the viral outbreak in China has cut production of iPhones.
UK Sparks: HSBC Swings Axe After Profits Tumble
Banking group HSBC Holdings has unveiled a major restructuring after seeing full-year pre-tax profits tumble by 33% to $13.4bn.The bank, which employs 235,000 staff, plans to combine its retail banking and wealth management business with global private banking. It will also reduce its European sales, trading and equities research.
Closing Bell (Feb 18)
Apple Earnings Warning Flicks The Risk-Off Switch
Nasdaq100 (NQ) Testing 3 Month Plus Uptrend Resistance
UK Sparks: Jupiter In Talks To Buy Merian
Jupiter Fund Management has confirmed that it is in advanced talks to buy Merian Global Investors in a deal that would increase its assets under management by more than 50%. It says in a statement that it sees an “attractive opportunity to acquire a high-quality independent active manager” that represents a “strong fit” in investment management philosophy and culture. Discussions have been taking place for some time and both Jupiter and Merian are confident that the combination would have the potential to deliver “meaningful benefits” for stakeholders. Merian had assets under management of £22.4bn at the end of last year, when Jupiter was managing £42.8bn.
Closing Bell (Feb 17)
China Cuts MLF Rate, Primes Fiscal Stimulus, Japan Q4 GDP Grim
Soybean (ZS) Retesting Key 900 Level
Clarity Through Classification: ESG Investing and ETFs
Sustainable investing has rapidly become integral to how investors build portfolios. Chris Dieterich and Armando Senra, head of iShares Americas, discuss what’s behind the transition and why ESG ETFs, which focus on environmental, social, and governance insights, are at the forefront of the sustainability charge.
Confessions of a Market Nihilist
Asian Markets Mixed as Sentiment Improves
Asian markets were half up and half down last night following Thursday’s market selloff due to the announcement of more than 15,000 new cases of the virus thanks to a new methodology.
Webinar – OIC – Hedging Ideas with Options: How, Why, and When?
Are People Still Buying Russell Stover Chocolate for Valentine’s Day?
Morning Express: Feb. 14, 2020
U.S benchmarks set a fresh wave of record highs overnight. This marks the S&P’s fourth straight session and more impressively the NQ’s ninth. The combination of central bank liquidity, ultra-low/negative rates, lack of negative news and a warrior of a U.S consumer has fueled this market in recent days and weeks.
Environmental Initiatives Boost Stockholm’s Global Cities Index Rating
With a strong economy and commitment to reducing its environmental impact, Stockholm is the first Scandinavian city to make the top 30 of Schroders’ Global Cities Index.
Closing the European Performance Gap
Although European equities performed well in 2019, there’s still a significant value and performance gap compared to US stocks, according to Franklin Mutual Series Portfolio Manager Katrina Dudley. Here, she gives reasons why she’s optimistic about the backdrop for European value stocks and discusses some potential market-moving events she’s monitoring.
Why Bonds Are Still a Good Hedge
Monsters, Mud and Misunderstanding
At the Inside ETFs industry confab in late January, David Nadig of #ETFTrends led a lightning round of 10 questions in 20 minutes for FTSE Russell executives Jayni Kosoff and Rolf Agather.
China in Uncharted Territory
Sensex Ends 202 Points Lower; Power and Metal Stocks Witness Selling
UK Sparks: RBS Unveils Investment Banking Cuts
Royal Bank of Scotland Group has warned that it expects up to £1bn of “strategic costs” this year as it restructures its investment banking arm and continues to “resize” its operations. The plan was unveiled alongside full-year results detailing an increase in net profits from £2.15bn to £3.8bn. Operating profits climbed by 26% from £3.36bn to £4.23bn.