Market is Price

G7 leaders meeting in Germany discuss plans to reduce Russian revenues from oil exports amid a surge in energy prices. Leaders of Group of Seven (G7) nations have discussed plans to cap the price of Russian oil in order to put the squeeze on Moscow, which is benefiting from soaring energy prices, and cut off its means of financing the invasion of Ukraine. The United States has suggested a price cap decided by consuming countries, a proposal that was discussed on Sunday by the G7 leaders at a summit in the Bavarian Alps. Western countries rallied around Kyiv when Russia invaded Ukraine in February, but more than four months into the war, that unity is being tested as soaring inflation and energy shortages rebound on their own citizens. Chided by Ukraine for not going far enough to punish Russia, G7 leaders were having “really constructive” talks on a possible price cap on Russian oil, a German government source was quoted as saying by the Reuters news agency. “We are on a good ...

European Council President Charles Michel attends a news conference during a European Union leaders summit in Brussels, Belgium June 24, 2022. REUTERS/Johanna Geron SCHLOSS ELMAU, Germany, June 26 (Reuters) - The European Union gave a cautious response on Sunday to plans by fellow G7 members to ban imports of Russian gold, and said it needed more certainty before signing up to a U.S. initiative to cap the price of Russian oil. G7 leaders met in southern Germany for a three-day summit from Sunday designed to show their united response to Russia's invasion of Ukraine four months ago. European Council President Charles Michel was cautious about a plan from Britain, United States, Japan and Canada to ban imports of newly mined or refined Russian gold. read more "On gold, we are ready to go more into the details and to look if it's possible to target gold in a manner that would target the Russian economy and not in a manner that would target ourselves," Michel, who...

Zendesk this morning agreed to sell itself to an investor consortium for $10.2 billion in cash, or $77.50 per share. The deal comes months after the U.S. software company declined a $17 billion offer . The Zendesk saga of 2021 and 2022 has been complicated, full of twists and turns. That it is closing out its life as a public company by selling at a discount to a deal it rejected earlier in the year underscores both how rapidly the market has repriced the value of software revenues  and how a falling share price can lead to management choices today that run counter to that same leadership team’s perspective a few short quarters ago. Let’s run through a refresher on the deal itself, discuss the final price tag in light of Zendesk’s latest earnings results and close with a short riff on what the transaction could portend for unicorns and smaller public technology companies alike. How did Zendesk get here? Today’s news doesn’t appear to be a good sign for undervalued SaaS comp...

This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” I’m referring to the indicator, first proposed by the Philosophical Economics blog in 2013, based on the average household’s portfolio allocation to equities. It is a contrarian indicator, with higher equity allocations associated with lower subsequent market returns, and vice versa. The... Adblock test (Why?) from "market" - Google News https://ift.tt/jRxC1DL via IFTTT

Stocks climbed in a late-day rally as bond yields slipped, and Wall Street continued to weigh recession risks. The Dow Jones Industrial Average rose 194.23 points, or 0.64%, to 30,677.36. The S&P 500 gained 0.95% to 3,795.73. The Nasdaq Composite rose 1.62% to 11,232.19. The tech-heavy Nasdaq outpaced the other averages as market participants continued to mull over the likelihood of an economic downturn, and as the yield on the 10-year Treasury note dipped to its lowest level in roughly two weeks. Bond yields move inversely to prices. "The market action that we've seen today and yesterday at least on the internals suggests that the market is becoming increasingly concerned with the global economic growth," said Scott Ladner, chief investment officer at Horizon Investments. This is highlighted by the fact that rates are going down on the front end of the U.S. yield curve, he added. A peek into the broader market index showed more defensive stocks such as consu...