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Saturday 15:25 GMT

Weakness in China’s currency and a rout in its stock market in 2018 are raising warning bells among investors haunted by memories of the August 2015 devaluation scare and the ensuing volatility that spooked investors.

The GDP report represented the weakest read since 2009 and was followed by a parade of statements from the People’s Bank of China, its securities regulator and banking and insurance regulator in support of the stock market and what was billed by that cohort as China’s positive economic fundamentals.

1 Article

Source: Common Domain

Morgan Stanley Banker Is Also an Uber Driver

Friday 22:47 GMT

Mr. Grimes, Morgan Stanley’s top technology banker, has moonlighted for years as a driver for the ride-hailing service, according to people familiar with the matter.

Morgan Stanley MS -2.46% and Goldman Sachs Group Inc. GS -1.46% recently gave presentations to Uber outlining an IPO that could launch in early 2019, The Wall Street Journal reported Tuesday. Some people briefed on the matter say Morgan Stanley is the odds-on favorite to land the coveted role of top underwriter, which carries higher fees and prestige.

1 Article

Source: Common Domain

Tech Startups Stoke Market For IPOs

Saturday 01:31 GMT

It could top 2000, the high-water mark, when tech companies raced to cash in on lofty valuations at the height of the dot-com boom.

In 2000, according to startup-research tracker Dow Jones VentureSource, 213 startups backed by venture capital held IPOs, raising about $20 billion. As recently as last year, bankers, investors and startup executives questioned whether companies like Uber could live up to their private price tags in the public markets.

1 Article

Source: Common Domain

Investors need to watch the calendar in Italy’s looming budget showdown

Saturday 14:30 GMT

Bond markets are on edge as investors around the world begin to pay closer attention to a looming battle between Italy’s populist government and the European Union over Rome’s deficit-expanding budget plans.

See: Investors watch for Italy credit-rating downgrade, amid fears of forced selloff. The European Commission said the government can offer some input justifying their budget proposal before Brussels issues its formal opinion, which is due by Nov. 30, according to Citibank.

2 Articles

Source: Reuters

With market on edge, investors look to tech trio

Saturday 10:49 GMT

The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally.

“The equity market is at a critical point here,” said Kurt Brunner, portfolio manager, Swarthmore Group in Philadelphia, Pennsylvania. “In order for it not to get a lot worse, I think you need to see Amazon and Alphabet put up some good numbers.”

1 Article

Source: Common Domain

Amazon and other battered tech stocks to buy after an ugly October for the Nasdaq

Saturday 10:50 GMT

TGIF…. Dow YMZ8, +0.44% , S&P 500 ESZ8, +0.39% and Nasdaq NQZ8, +0.63% futures are hanging in there with gains on the heels of Thursday’s volatile action, which saw the Dow DJIA, -1.27% shed 300 points, and losses for the S&P and Nasdaq.

Investors in the Nasdaq can attest to that fact after the index received a drubbing in the first three weeks of the month that has thusly slashed nearly 7% from the tech-heavy benchmark.

1 Article

Source: Common Domain

The Berlin Market is Booming but Still has Plenty of Room to Grow

Saturday 10:50 GMT

Thirty years after the reunification of the once divided city, the German capital’s real estate market is experiencing rapid growth: Home prices went up almost 15% from March 2017 to March 2018, according to Knight Frank’s 2018 Berlin Insight report, while average rents increased 11%.

A 2018 Berlin housing market report from Berlin Hyp and CBRE released in January 2018 noted that the city still has lower average household purchasing power and rent prices than other large German cities.

2 Articles

Source: Common Domain

Investors Are Digging Gold Again

Saturday 05:09 GMT

Investors have poured $278 million into the VanEck gold miner ETF over the past month, according to FactSet, while flows into EPFR-tracked gold funds climbed to an 11-week high last week.

The ascent of companies like Barrick Gold, AngloGold Ashanti and Acacia Mining marks a turnaround from recent episodes of jittery markets

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