Building on analysis from last week’s report, the path ahead for equity investors is becoming more and more uncertain. Vaccines, long considered the endgame for the COVID-19 business cycle, are not proving as final as once thought. At the start of the week (19/07), the European...
Long term U.S. government bonds have rallied over the past month as investors look for stable investments to secure their cash. Since 14/06: Source: William John Analytics, U.S. Department of the Treasury Yield, which moves inversely to a publicly traded bond price, move upwards when a bond’s...
On Wednesday morning (07/07), Wise – formerly known as TransferWise – completed the biggest direct listing in London Stock Exchange History. A direct listing is a common alternative to an Initial Public Offering. The conventional IPO involves investment banks creating new shares for public sale and...
On 06/07, Didi Chuxing or “DiDi”, a Chinese vehicle hire company with over 550 million users across 400 cities (per businesswire.com), took a significant hit to its market capitalisation value on the New York Stock Exchange (NYSE) with its share price falling approximately 20 per...
The G7’s “Global Tax Plan” being overseen by the Office for Economic Co-operation and Development (OECD) for the G20 has come under intense scrutiny this week. The OECD/G20 Inclusive Framework on BEPS (Base Erosion Profit Shifting) was established in 2016, with the aim of addressing base...
William John assesses Western & Eastern equity markets, the U.K. housing market and a prominent listing from the private equity industry in London....
On Thursday, the Bank of England’s Monetary Policy Committee assessed that “the existing stance of monetary policy remained appropriate” to meet its 2% inflation target over the medium term. The Monetary Policy Committee unanimously voted to keep its Bank Rate at 0.1% - likely sustaining low...
Yesterday, IHS Markit released its Purchasing Managers’ Index (PMI) for the Eurozone economy. Collecting data from 11/06 until 22/06, Eurozone business activity grew at its fastest rate for 15 years in June according to the preliminary ‘flash’ reading. The IHS Markit Eurozone Composite PMI is a...
The European Commission bans certain banks from engaging in bond syndication over historic antitrust breaches, William John provides an analysis....
The Federal Reserve has amended its projections for its first Federal Funds rate adjustment in a post-pandemic era. Current rates, between 0 and 0.25%, were expected to hold until at least 2024 as the U.S. economy recovers from its worst recession since the Financial Crisis. However,...
