GRAPHIC-Commodity Price Surge Leaves Emerging Currencies Adrift
March 10 (Reuters) - The U.S. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes. British consumers cut back heavily on spending as they weathered a second month in a COVID-19 lockdown in February, but confidence in the economy hit a 12-month high, payment card firm Barclaycard said.
Eight-time champion jump jockey Peter Scudamore fears... Two-time winner Buveur D'Air to miss Champion Hurdle as... Denise Foster to take over licence from disgraced Gordon... Grand National-winning trainer Gordon Elliott shamed his... "It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment," the SEC said. website The recent SPAC frenzy has attracted the attention of a number of mainstream celebrity figures such as rap star Jay-Z, tennis legend Serena Williams and National Basketball Association Hall of Famer Shaquille O'Neal who have either sponsored their own blank-check firms or joined the boards of other SPACs.
"At the 21-week stage in the current cycle, commodity prices were also up around 15% but with a far more subdued performance from global FX," said Morgan Stanley's James Lord, citing smaller yields, weaker growth and worsening debt sustainability as reasons for the underperformance. Special purpose acquisition companies, or SPACs, are shell companies which raise funds to acquire a private entity with the aim of taking it public, allowing such companies to sidestep a traditional IPO to enter public markets.
March 9 (Reuters) - London's FTSE 100 ended higher on Tuesday thanks to strength in industrials and other defensive sectors, although broader gains were capped by weakness in mining stocks due to a drop in metal prices. website Government stimulus and a countrywide coronavirus vaccination program have fueled expectations of an economic rebound in the United States, pushing Treasury yields higher in recent weeks.
If you loved this post and also you would want to obtain details with regards to ทางเข้า 77bet kindly pay a visit to our own web page. The major market risk has been removed, Tepper told CNBC, and rates should stabilise in the near term. The blue-chip FTSE 100 index finished up 0.2%, with industrial stocks and defensive plays rising as investors bet on them benefiting the most from an economic reopening once the coronavirus pandemic recedes. "That's just simply a reflection of the fact that domestic risks, and risk to the pace of domestic recovery in those EM commodity currencies are greater," said Aaron Hurd, senior currency portfolio manager at State Street Global Markets.
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March 8 (Reuters) - Hedge fund manager David Tepper said it is difficult to be bearish on stocks at present and the recent selloff in U.
