Wednesday 26 January 2022

Reuters Global Investor: Market signals scream buy after world stocks tumble

Market signals scream buy after world stocks tumble

Global equities are due a rebound after Wednesday's meeting of the U.S. Federal Reserve, several indicators based on market levels and positioning are signalling.

Nasdaq profit beats estimates on IPO rush, investment products demand

Nasdaq Inc on Wednesday reported a nearly 16% jump in fourth-quarter profit that topped Wall Street estimates, buoyed by the frenetic pace of U.S. initial public offerings and strong demand for its investment-related products.

Inflation-fighting Fed likely to flag March interest rate hike

The Federal Reserve is expected on Wednesday to signal plans to raise interest rates in March as it focuses on fighting inflation and sets aside, at least for now, economic risks posed by the ongoing coronavirus pandemic, a bout of market volatility, and Western fears of a Russian invasion of Ukraine.

Will the games stop? SEC mulls crackdown on trading apps

A year after the "meme stock" rally humbled hedge funds and roiled Wall Street, U.S. regulators are studying ways to crack down on psychological prompts used by Robinhood Inc and other commission-free brokers to promote frequent stock trading on smartphone apps.

AllianzGI creates private markets impact investment unit

Asset manager Allianz Global Investors, part of German insurer Allianz , said on Wednesday it had set up a new unit focused on 'impact' investing in private markets, as part of a sustainable investing drive.

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Sponsored by Capital.com: What is Metaverse? The future of the internet?

As companies race to build the metaverse, Capital.com explores what it is, how the metaverse works and speaks to some of the people creating it.

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Ex-banker tells Swiss court that strip club visits were business-related

A former top Swiss banker charged with making millions of dollars through fraudulent deals said on Tuesday that a near 200,000 Swiss francs ($217,675) expenses bill for strip club visits was largely business-related.

Quilter reports uplift in last quarter of 2021

Fund manager Quilter saw a strong final quarter of 2021, with improved year-on-year net flows, it said on Wednesday.

Goldman Sachs: markets have not reached "danger zone" levels yet

High valuations and one of the strongest recoveries from a bear market in history have left equities vulnerable to a correction but the recent fall is not indicative that markets have reached "danger zone" levels yet, Goldman Sachs said in a note.

M&G takes a stake in Moneyfarm to boost UK digital offer

British money manager M&G said on Wednesday it has taken a minority stake in digital wealth manager Moneyfarm as part of a partnership to provide investment services to consumers in Britain.

Big investors reject sweetened $2.1 bln bid for Germany's Aareal Bank

Two big investors in Aareal Bank on Wednesday rejected a sweetened $2.1 billion bid for the German lender, with one calling it "lousy" and a second saying it significantly undervalued the group.

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