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Enclosed please find notice of Annual General Meeting in SP Group A/S on Tuesday, 27 April 2021.
Enclosed please find notice of Annual General Meeting in SP Group A/S on Tuesday, 27 April 2021.
(Bloomberg) -- Stocks snapped a two-day drop as dip buyers emerged, fueling a rally in companies that stand to benefit the most from an economic revival. The dollar fell, while Treasuries stabilized.Most major groups in the S&P 500 rose, with raw-material, energy and financial shares leading the charge. A gauge of small caps climbed more than 2%, outperforming major benchmarks. CSX Corp. paced gains in the Dow Jones Transportation Average after a strong revenue outlook. Netflix Inc. tumbled on disappointing subscriber figures. The Canadian dollar advanced as the nation’s central bank said it’ll pare back asset purchases and move up its expected timeline for potential rate hikes.Equities rebounded as traders sifted through corporate results for signs on whether an anticipated jump in profits would bring with it forecasts for stronger growth. Earlier losses were driven by concern over a flare-up in coronavirus cases around the world that could jeopardize an economic rebound, with stocks trading near their all-time highs.“Investors are trying to figure out what’s going to accelerate through the reopening based on earnings and guidance, while simultaneously keeping an eye on any reports of a coronavirus resurgence globally,” said Mike Loukas, chief executive officer at TrueMark Investments. “It’ll be a tug-of-war for direction on certain days.”Earnings season may be just the spark the Russell 2000 needs, with the index trailing major benchmarks this month. The gauge’s revenue is set to grow by 8.7%, beating the S&P 500’s by 226 basis points, wrote Bloomberg Intelligence’s Michael Casper and Gina Martin Adams. The small-cap measure’s cyclical sectors -- led by raw-material, financial and consumer-discretionary companies -- are expected to drive the sales growth, according to analysts’ consensus estimates.Here are some key events to watch this week:European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. releases new home sales data Friday.These are some of the main moves in markets:StocksThe S&P 500 climbed 0.9% at 4 p.m. New York time.The Stoxx Europe 600 Index rose 0.7%.The MSCI All-Country World Index gained 0.4%.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.1%.The euro was little changed at $1.2035.The Japanese yen was little changed at 108.07 per dollar.BondsThe yield on 10-year Treasuries fell one basis point to 1.55%.Germany’s 10-year yield was unchanged at -0.26%.Britain’s 10-year yield climbed one basis point to 0.74%.CommoditiesWest Texas Intermediate crude fell 2.5% to $61.08 a barrel.Gold gained 0.9% to $1,794.80 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Current PM cites a previous PM as the “sleaze” charge is again deployed.
A Black Chicago teen’s lynching in 1955 galvanized the civil rights movement. A Black Minneapolis man’s killing by police last year propelled a worldwide call for racial justice and ending police brutality. The murders of Emmett Till and George Floyd were separated by more than six decades, contrasting circumstances and countless protests, but their families say they feel an intimate connection in their grief and what comes next.
A U.S. government commission on Wednesday urged the Biden administration to not send officials to the 2022 Winter Olympics in Beijing, citing religious persecution including China's repression of Uighur Muslims, which Washington has labeled genocide. President Joe Biden's administration signaled earlier this year that it had no plans to bar American athletes from participating in the Beijing Games.
Manchester United and Liverpool plead for forgiveness for Super League fiasco• Manchester City also offer grovelling public apology to fans• Arsenal contrite behind closed doors at training base Liverpool’s owner John W Henry apologises to fans for the breakaway fiasco. Photograph: LFCTV
President Biden called on Wednesday for employers to provide workers with paid time off for coronavirus vaccination, holding out as enticement a federal tax credit program that would reimburse such outlays by business owners. “No working American should lose a single dollar from their paycheck because they chose to fulfill their patriotic duty of getting vaccinated,” Biden said in remarks from the White House.
Discover Financial Services (NYSE: DFS):
Essential Properties Realty Trust, Inc. (NYSE: EPRT; "Essential Properties" or the "Company"), announced today that the Company will release its operating results for the first quarter ended March 31, 2021, after the market close on Monday, May 3, 2021. The Company will host its first quarter 2021 earnings conference call and audio webcast on Tuesday, May 4, 2021, at 10:00 a.m. Eastern Daylight Time to discuss its operating results.
"This is very disappointing news to receive with just a few weeks until the tournament was to begin," said International Ice Hockey Federation president Rene Fasel in a statement. The IIHF and Hockey Canada were informed by the Nova Scotia provincial government on Wednesday that the 10-country tournament could not go ahead due to safety concerns associated with COVID-19. Still the news came as a shock after Nova Scotia's chief medical officer had 24 hours earlier given the event the thumbs- up.
The Florida House resoundingly approved a consumer privacy bill on Wednesday, giving the public an opportunity to regain ownership of the personal data collected by companies and the right to sue companies for mishandling information in a marketplace where consumers themselves have become lucrative commodities. The state Senate is expected to soon take up the House bill, as part of a package of proposals sought by Gov. Ron DeSantis meant to reign in Big Tech firms. The Republican governor is also seeking to redress concerns, particularly among conservatives, about how social media companies handle unpopular views.
Investors who sold earlier in the week may be paying more attention to an analyst's predictions today.
Try as teams might, the Jacksonville Jaguars are not planning to part with the No. 1 pick in the 2021 NFL Draft. Jacksonville is expected to select Clemson quarterback Trevor Lawrence first overall next Thursday when the draft begins with Jacksonville on the clock for the first time under the power structure of general manager Trent Baalke and head coach Urban Meyer. "We've fielded a couple of calls, but I think we're going to hold tight," Baalke said of trade interest in the No. 1 pick.
U.S. regulators are doing American investors a disservice by not authorizing cryptocurrency ETFs. There are over one dozen ETFs currently on hold in the review stage at the U.S. Securities and Exchange Commission.
Officer Brian B says someone shouldn’t be doing a police job if they can shoot someone in heat of moment
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long Term Issue Credit Rating (Long-Term ICR) of "a" of the U.S. operating subsidiaries of Global Indemnity Group, LLC (Global Indemnity) (Delaware) [NASDAQ: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of "bbb" of Global Indemnity. (See below for complete list of companies and ratings). AM Best also has affirmed the Long-Term Issue Rating (Long-Term IR) of "bbb-" on the $130 million 7.875% subordinated notes due 2047 of Global Indemnity Limited, now guaranteed by Global Indemnity. The outlook of these Credit Ratings (ratings) is stable.
US Head of Equity & Derivative Strategy at BNP Paribas Greg Boutle joined Yahoo Finance Live to break down how the market is being impacted by a high bar for earnings.
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(Bloomberg) -- The Bank of Canada took the biggest step yet by a major economy to reduce emergency levels of monetary stimulus as it hailed a stronger-than-expected recovery from the pandemic.Policy makers led by Governor Tiff Macklem said Wednesday they would scale back their purchases of government debt by a quarter to C$3 billion ($2.4 billion) and accelerate the timetable for a possible interest-rate increase.The upbeat turn toward plotting a return to more normal policy has been resisted by counterparts elsewhere, including the U.S. Federal Reserve. Investors reacted by driving the Canadian dollar to its biggest gain since June.“This is a fairly hawkish message cast by the Bank of Canada,” Simon Harvey, a senior foreign exchange analyst at Monex Canada, said by email. “They seem quite confident that once the current wave of infections subsides the economic recovery will be robust.”The central bank reiterated its guidance that it won’t raise its benchmark interest rate, currently at 0.25%, until the recovery is complete and inflation is sustainably at 2%. But it changed its projections on when that would happen.New TimelineIn new quarterly economic projections, it revised higher its growth estimate for 2021 by more than two percentage points, to 6.5%, and brought forward its forecasts for when slack would be absorbed.“Based on the Bank’s latest projection, this is now expected to happen some time in the second half of 2022,” the bank said in its latest Monetary Policy Report.At a subsequent press conference, Macklem emphasized that the central bank’s commitment is not to raise interest rates before the economy fully recovers, and that any future hike would reflect economic conditions at the time.The Federal Reserve, by contrast, says it won’t begin scaling back the pace of its $120 billion-a-month bond purchases until it sees “substantial further progress” on employment and inflation. Economists surveyed by Bloomberg ahead of the Fed’s March meeting didn’t expect that to happen until 2022.Macklem’s growth revisions bring policy makers more into line with economist projections. Markets had already been pricing in a rate increase in 2022 before Wednesday’s changes. Investors have also been anticipating that Canada’s central bank would be more aggressive than the Federal Reserve in its normalization path.Swaps trading suggests about a 50% chance of a hike in Canada this time next year. Almost three hikes are fully priced in over the next two years, and five hikes over the next three years.Chair Jerome Powell, for his part, has been careful to avoid putting a date on beginning to taper asset purchases in the U.S., though his No. 2, Vice Chair Richard Clarida, has said he doesn’t expect those thresholds to be met this year.Powell has promised to give investors plenty of warning that officials are beginning to debate the timing of a move. He’s been up front in wanting to avoid surprising markets and re-running the 2013 Taper Tantrum, when unexpected news that the Fed was thinking of paring its purchases sent financial markets into a spasm with harmful economic consequences.Loonie SoarsThe Canadian dollar rose 0.9% to C$1.2495 per dollar at 3:47 p.m. in New York, after gaining as much as 1.2%. The market consensus was for the Bank of Canada to pare back its government bond purchases in line with the bank’s new guidance, without altering expectations for no rate hike before 2023.Even before Wednesday’s statement, investors were anticipating the Bank of Canada to be among the most aggressive advanced economies in unwinding stimulus. One reason may be that Canada’s jobs market has recouped 90% of losses during the pandemic, versus just over 60% in the U.S.Still, policy makers remain cautious despite the more positive tone, saying there’s more uncertainty than usual that might affect its estimates for slack. Officials also highlighted concern about the uneven recovery and the potential for scarring in the labor market.What Bloomberg Economics Says...The “Monetary Policy Report includes discussion of several factors that could soften the need to pull forward a rate hike into 2022, in our view. We continue to think a rate move is likely to be delayed into the first quarter of 2023.”--Andrew Husby, economistFor full report, see hereOn technical grounds alone, the central bank’s purchases of Canadian government bonds need to be pared back as the government’s financing requirements drop. It now owns more than 40% of outstanding bonds and is on pace to go above 50% in a few months as Prime Minister Justin Trudeau’s government reduces its issuance by about C$90 billion this year.It’s actually the second time the Bank of Canada has tapered during the pandemic. Macklem reduced the bank’s minimum weekly purchases in October, which had been C$5 billion initially. But at the time, officials characterized the taper as neutral in terms of stimulus, because they shifted purchases toward long-term bonds concurrently.This time, the central bank acknowledged that its reduction of asset purchases will impact the “incremental” amount of stimulus being added to the economy from quantitative easing.(Updates with Bloomberg Economics comment. A previous version of this story was corrected to remove a reference to the Canadian dollar at highest since January.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
All Access Music, the website started 26 years ago by longtime radio trade publisher Joel Denver, presented its annual confab remotely for the first time, changing the name from All Access Worldwide Radio Summit to All Access Audio Summit, representing not just radio, but streaming and podcasting. In an interview that helped kick off the […]
Fans protested against chairman Daniel Levy and the club’s owners before the 2-1 win over Southampton.