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  • The Best Cyber Monday TV Stand Deals (2020): Top Corner TV Stand, TV Mount & More Savings Rounded Up by Deal Stripe
    Business Wire

    The Best Cyber Monday TV Stand Deals (2020): Top Corner TV Stand, TV Mount & More Savings Rounded Up by Deal Stripe

    The top TV stand deals for Cyber Monday 2020, featuring TV mount and corner TV stand sales

  • S&P Global in Talks to Acquire IHS Markit for $44 Billion
    Bloomberg

    S&P Global in Talks to Acquire IHS Markit for $44 Billion

    (Bloomberg) -- S&P Global Inc. is in advanced talks to buy IHS Markit Ltd. for about $44 billion, according to a person familiar with the matter, amid increasing demand for data particularly from the finance industry.IHS Markit, which provides data, analytics and research was valued at $36.9 billion as of the close on Friday, after climbing to a record earlier in the week. The stock has risen 23% this year, compared with S&P Global’s 25% gain, giving it a market capitalization of $82.2 billion.An announcement could come as early as Monday, the person added, declining to be identified because the information isn’t public. Representatives for S&P Global and IHS Markit didn’t immediately respond to requests for comment.S&P’s interest follows IHS’s $9.8 billion acquisition of Markit in 2016, which combined IHS’s information services with Markit’s indexes for financial products such as credit default swaps, just as electronic trading was feeding intense demand for sets of information.The tie-up would be the year’s second-biggest deal, coming behind the $56 billion set of transactions among China’s biggest oil and gas companies to sell their pipeline networks to a new national carrier, which were finalized in July.News of the potential deal was first reported by the Wall Street Journal. Bloomberg LP, the parent of Bloomberg News, competes with IHS Markit and S&P Global in providing financial analytics and information.(Updates with deal comparison in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Eerie Calm in Treasuries at the Mercy of Jobs and Virus Data
    Bloomberg

    Eerie Calm in Treasuries at the Mercy of Jobs and Virus Data

    (Bloomberg) -- An eerie calm has enveloped the Treasury market, and although the worsening pandemic and updates on the U.S. economy could stir things up a bit in the days and weeks ahead, few traders expect a quick end to the boredom.Even as global stocks head for the best month on record, the U.S. bond market’s pulse has slowed significantly in recent months. The ICE BofA MOVE Index, which measures expected price swings in the Treasury market, spiked in the lead-up to the U.S. election but has since almost dwindled back to the record low reached at the end of September.Covid-19’s spread could certainly turn that around in a hurry: just witness how the MOVE index surged in March to its highest level since 2009. Traders may well find reason to react to the virus’s impact on the labor market Friday when the latest monthly U.S. payrolls report comes out, or a day earlier when weekly unemployment data is published. And who knows what Federal Reserve Chairman Jerome Powell will say when he testifies before Congress this week?But many expect the Treasury market to simply take all this and more mostly in stride -- unless the pandemic takes an unexpected turn for the worse. For months now, a steady flow of dismal news has failed to move it much. Ten-year yields, currently at 0.84%, have swung between 0.50% and 0.97% since August.“It may remain a range-bound slog with markets waiting for the next shoe to drop regarding the virus,” said Marty Mitchell, an independent strategist. “The unemployment figure on Friday could prove weaker than expected given claims have been rising. But the overriding influence for trading will remain the virus -- with potential for headlines regarding more shutdowns and containment measures.”With Joe Biden on course to be inaugurated as the new U.S. president in January and the Fed making clear that policy will remain accommodative for years, the ICE BofA MOVE Index of Treasury volatility has dropped to 39.62. That’s close to September’s record low of 36.62 and way below the peak from March when virus concerns sent the gauge -- which is based on one-month options -- to 163.7.Ten-year Treasury yields were little changed in Asia trading on Monday while S&P 500 futures began the week higher, then slipped, as did Australian and Japanese shares. Global equities are up 13% in November as positive vaccine news helped drive expectations that a global economic recovery can pick up in 2021Treasury purchases by passive fund managers could help cap yields. The Bloomberg Barclays Treasury Index, a benchmark for many investors, will go through its monthly rebalancing on Monday, and this could extend duration by about 0.16 year, matching the August increase that was the biggest since 2009.Index rebalancing could add to recent forces that have helped keep a lid on yields. Other factors include a tempering of economic growth expectations due to surging virus cases. And with Congress unlikely to push through new fiscal stimulus measure before the end of the year, several pandemic jobless benefit programs are set to expire at the end of December -- affecting an estimated 12 million people.Gregory Faranello, head of U.S. rates at AmeriVetSecurities, has been emphasizing to his clients just how important economic data and Covid case counts are to the outlook for markets, noting that the Fed “is clearly becoming more concerned over the growing number of cases and the lack of more fiscal support.”What to WatchThe economic calendarNov. 30: MNI Chicago PMI; pending home sales; Dallas Fed manufacturing indexDec. 1: Markit U.S. manufacturing PMI; ISM manufacturing; construction spending; vehicle salesDec. 2: MBA mortgage applications; ADP employment change; Fed Beige BookDec. 3: Challenger job cuts; weekly jobless claims; Bloomberg consumer comfort; Markit US services PMI; ISM servicesDec. 4: Monthly jobs report; trade balance; factory, durable goods and capital goods ordersThe highlight of the Fed calendar is Powell’s appearance on Capitol HillDec. 1: Powell before Senate Banking Committee; Fed Governor Lael Brainard; San Francisco Fed’s Mary Daly; Chicago Fed’s Charles EvansDec. 2: Powell appears before House Financial Services Committee; New York Fed’s John WilliamsDec. 4: Fed Governor Michelle BowmanThe auction calendar:Nov. 30: 13-, 26-week billsDec. 1: 42-day, 119-day cash management bills; 52-week billsDec. 3: 4-, 8-week bills(Updates with Monday trading of stocks and bonds in Asia)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.