U.K. Housing Boom Pushes Price Growth to Six-Year High
U.K. house price growth rose to a six-year high in December, rounding off a strong 2020 for the market that defied a wider economic downturn. Values climbed 7.3% from a year earlier to an average of 230,920 pounds ($312,800), Nationwide Building Society said Wednesday. They increased 0.8% from a month earlier. The housing market has […]
Wall Street rises on hopes of vaccine-fueled recovery
(Reuters) -U.S. stocks rose on Wednesday, led by energy shares, as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes of bigger fiscal support. The last few weeks of the year have seen a shift towards undervalued stocks that are primed to benefit from an economic […]
Crypto-Linked Stocks Extend Rally That Produced 400% Gains
Cryptocurrency-linked stocks rose Wednesday as Bitcoin headed for its biggest monthly gain since 2019, extending a rally that’s seen some companies’ shares more than quintuple since the end of October. Marathon Patent Group Inc., which has soared 444% over the past two months, added another 4.4% Wednesday. Riot Blockchain Inc. rose as much as 7.1% […]
Analysis-Supply squeeze won’t ease on global stocks and bonds in 2021
An unrelenting squeeze on the supply of global shares and sovereign bonds shows little sign of easing next year, with companies and central banks predicted to be big buyers of these securities in direct competition with investors. The supply mismatch could help to sustain the decade-long bull run in global equities and also keep bond […]
EU and China Seal Investment Agreement to Open Chinese Market
The European Union and China announced the political approval of a long-sought agreement to open the Chinese market further to EU investors, marking an economic victory for both sides. The breakthrough in negotiations on an EU-China investment accord signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record […]
The 10 biggest retail bankruptcies of 2020
More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis pummeled the industry. Lockdown orders put in place in March to slow the spread of the virus […]
Markets positive as Canadian dollar and oil gain on last trading day before Christmas
TORONTO – Hopes for better times in 2021 drove North American stock markets to positive results as an abbreviated trading day ended at 1 p.m. ET on Christmas Eve. In Toronto, the S&P/TSX composite index closed up 30.31 points at 17,623.88 while the loonie and oil and metals prices climbed. American stock market investors ignored […]
Markets shock in 2020 gives way to IPO boom
Stock listings flourish in aftermath of hit from coronavirus pandemic Companies raised more money through stock market listings in 2020 than in any year besides 2007, as a rebound in equities valuations lured in businesses and blank-cheque acquisition vehicles rushed to list in the US. Businesses raised almost $300bn through flotations globally in 2020, including […]
KKR Releases 2021 Global Macro Outlook
NEW YORK–(BUSINESS WIRE)– KKR today released its 2021 Global Macro Outlook piece by Henry McVey, Head of Global Macro and Asset Allocation (GMAA). In “Another Voice,” McVey outlines his team’s perspective on why we are entering a new period of heightened economic growth that will create significant potential investment opportunities. In McVey’s view, several forces at […]
