Investing.com — Citigroup (NYSE:C) projects the S&P 500 to hit 6,500 by the end of 2025 in its base case, driven by a mix of earnings growth, a stable macroeconomic backdrop, and sectoral broadening. However, the Wall Street firm cautions that the road to this milestone will likely be coupled with elevated market volatility compared…
Investing.com — European stock markets started the week on a positive note, with most major indices posting gains amid cautious investor sentiment. At 3:05 ET (8:05 GMT) Germany’s DAX saw a modest rise of 0.3%, while France’s CAC 40 increased by 0.8%. With no major corporate earnings or economic data releases scheduled in Europe for…
By Federico Maccioni ABU DHABI (Reuters) – U.S.-listed direct lender and private credit manager Golub Capital is opening an office in the UAE’s capital Abu Dhabi, it said on Monday, joining dozens of other firms looking to grow their business in the region and deepen ties with its wealth funds. Golub, which had more than…
By Selena Li, Scott Murdoch, Julie Zhu and Kane Wu SYDNEY/HONG KONG (Reuters) – Regulators in mainland China and Hong Kong have told some of the world’s biggest investment banks to help speed up Chinese companies’ listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world’s No. 2…
JOHANNESBURG (Reuters) – South Africa’s rand firmed early on Monday, at the start of a week packed with economic data releases that will shed light on the health of Africa’s most industrialised economy heading into the new year. At 0732 GMT, the rand traded at 17.94 against the dollar, about 0.5% stronger than its previous…
BEIJING (Reuters) – Alibaba (NYSE:BABA) co-founder Jack Ma voiced confidence in its affiliate Ant Group’s future, seeing significant opportunities in artificial intelligence for the fintech giant, at a rare public appearance since China halted its planned IPO in 2020. Speaking on Sunday at the 20th anniversary celebration for Ant Group, which he also co-founded, Ma…
(Reuters) – UK’s Domino’s Pizza (NYSE:DPZ) Group said on Monday it has reached a new five-year framework with its franchise partners. The new Profitability and Growth Framework will start on Jan. 3, following the conclusion of the existing memorandum of understanding, the company said in a statement. Source
TOKYO (Reuters) – Bain Capital-backed chipmaker Kioxia has priced its initial public offering at 1,455 yen ($9.71) per share, it said in a filing on Monday. That compares with a tentative price range of 1,390 to 1,520 yen per share for the IPO. ($1 = 149.8700 yen) Source
By Liz Lee BEIJING (Reuters) – China’s new yuan loans are expected to have almost doubled in November from October, a Reuters poll showed on Monday, demonstrating firmer credit demand as Beijing’s recent efforts to prop up economic growth lift confidence. Banks likely issued 990 billion yuan ($136.02 billion) in net new yuan loans last…
Investing.com– Financial markets could face heightened volatility in the first half of 2025 under President Trump’s administration, Yardeni Research analysts said, citing rising complacency among investors, alongside a surge in bullish sentiment as potential risks. Yardeni analysts said that while the Nasdaq nears 20,000, elevated investor optimism might lead to a significant pullback early in…
