1158 days ago
Even if these surge in value do not make much sense, it's something that desperate companies can only dream of: a fresh cash injection, with no debt. But happier even are the creditors, who started to see their money disappear amidst a pandemic that crushed some businesses. Today, companies like AMC and American Airlines are able to rest on a fresh pile of cash and could even use the fund to start paying off some debt.
1158 days ago
With a newfound global appetite for riskier assets that has propelled emerging markets to new heights, and a South African index heavily composed of mining stocks, we could see South African stocks make further gains on expectations of increased Chinese demand. Naspers, South Africa's largest tech group, also see's tailwinds in increased online activity. Source: Bloomberg
1158 days ago
1158 days ago
12-month return for the Genomic ETF is greater than 200%, and their next two ETFs by returns, Innovation and Next Gen Internet, are up more than 150%. Source: Financial Times
1158 days ago
''MSCI Inc.’s gauge of developing-nation shares had the worst week since March in the five days through Friday, falling 4.5%, as the uneven rollout of inoculation programs and gyrations brought about by retail traders in U.S. markets sapped risk appetite. Investor anxiety, as measured by expected price swings for equities, reached the highest in almost three months last week even as Federal Reserve Chairman Jerome Powell pledged to keep monetary spigots wide open. Implied volatilities across emerging-market currency pairs jumped on Friday, while local bonds fell for a third straight week.''- Source: Bloomberg
