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Bank of America Corporation: the Bank of England may raise interest rates twice by May next year.
Bank of America Merrill Lynch said the Bank of England was likely to raise interest rates twice by May to curb soaring inflation, but much would depend on how high unemployment would rise after the end of the government's compulsory leave programme. "the end of the compulsory leave plan is still key," Bank of America Corporation economist Robert Wood wrote in a report. "if all goes well, or if the Bank of England feels current inflationary pressures, it could raise interest rates as early as December and then raise rates for the second time in May next year." The basic scenario forecast for BofA Merrill Lynch is that the UK will raise its benchmark interest rate by 15 basis points to 0.2 in February instead of May.
India's richest man joins the world's 100 billion dollar billionaire club to become Asia's richest person
As the stock price of its subsidiary Reliance Industries Group reached a record high, India's richest man, Mukesh Ambani, joined the world's 100 billion dollar billionaire club. On September 6, Reliance Group's stock price rose more than 3% to a record high, as its subsidiary announced the acquisition of a majority stake in the genetic testing company Stand Life Sciences. On Friday, the company's stock price rose more than 4% as its subsidiary Reliance Retail Ventures acquired a controlling interest in Just Dial. According to the Bloomberg Billionaires Index, as of last Friday, Mukesh's worth was 92.6 billion US dollars
US tax software giant Intuit talks to buy Mailchimp for $10 billion
According to people familiar with the matter, US fiscal software giant Intuit is in talks to buy email marketing startup Mailchimp for more than $10 billion. People familiar with the matter said that no final decision has been made yet, and negotiations may break down. Since the matter has not been made public, these persons requested not to be named. They also said that another bidder may also appear. The predecessor of Mailchimp was a web design company called Rocket Science Group. The company provides digital marketing services to small businesses, including social ads, shoppable links, and automated products
Even if Powell sends a balanced signal, US bond yields are likely to continue to rise.
There are growing signs that Treasury yields are likely to continue to rise even if Federal Reserve Chairman Jerome Powell sends a signal of balance at this week's Jackson Hole seminar. The yield on the five-year note has risen nearly 20 basis points from this month's low, continuing the fact that prices have lagged behind other maturities since February. Five-year Treasurys can immediately capture changes in expectations of short-term interest rates and the pace of central bank purchases of longer-term bonds. The market seems to feel to a large extent that Powell is not too likely to turn to hawks. According to the ING strategist led by Padhraic Garvey, five years
Tesla, Inc. rose more than 4%, and the stock price returned to above $700.
Tesla, Inc. rose more than 4%, and the stock price returned above $700. New Street Research said that the pullback did not change the optimistic outlook and raised Tesla, Inc. 's target price. Pierre Ferragu, an analyst at New Street Research, upgraded Tesla, Inc. to "buy" from "neutral" and raised his target price to $900 from $578. Ferragu believes that although the recent pullback corrected the excessive optimism reflected in Tesla, Inc. 's valuation, after further study of Tesla, Inc., New Street Researc
Two major factors pushed Japanese stocks to outperform American stocks, and institutions think Japanese stocks can still rise?
Original title: two major factors promote Japanese stocks to outperform American stocks, and institutions think that Japanese stocks can still rise? Japanese companies began releasing clinical trial data on November 6 last year, sparking market expectations that their COVID-19 vaccine could be approved soon. Global stock markets have soared, but in local currency terms, the Morgan Stanley Capital International Japan index (MSCI Japan index) has risen 15 per cent since then, compared with slightly less than 10 per cent over the same period. The news of the vaccine changed the rules of the game. Several projects have been approved to allow the economy to reopen. Consumer demand is strong, in part because people are gradually recovering
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