On this week’s market summary:
💡1. Credit Suisse faces growing pressure from prized clients to compensate them for losses following the collapse of supply-chain finance funds linked to Greensill Capital. The decision whether to do so is one of the first big dilemmas confronting new chair António Horta-Osório in his clean up of the bank, which faces the threat of several class action lawsuits from angry investors. More than 1,000 Credit Suisse customers invested in the $10bn suite of funds, having been told by the bank’s advisers and marketing material that they were low-risk products, fully insured against losses.
💡2. A site at Jardine’s Lookout being offered for sale through tender might be snapped up quickly amid an upswing in Hong Kong’s luxury housing market, according to real estate agency Savills.While there is no indicative price for the site at 8 Purves Road, its market valuation could be between HK$500 million (US$64.39 million) and HK$600 million, according to surveyors. With a maximum plot ratio of 0.6, the site can be redeveloped into a three-storey house with a maximum gross floor area of 5,888 square feet (547 square metres) on a site area of 9,814 sq ft
💡3. Hong Kong stocks fell, reversing a three-day advance on concerns about policy tightening after the Federal Reserve indicated some officials may be ready to talk about tapering if the economy sustains its growth momentum. Swings in bitcoin prices hit selfie-king Meitu and some of its other known buyers. The Hang Seng Index declined 0.7 per cent from a one-week high to 28,382.02 at the local noon break. Local stocks rose for three days, the best run since March, before a holiday on Wednesday. The Shanghai Composite Index lost 0.3 per cent to 3,500.86, extending a drop from an 11-week high.
💡4. Beijing may be taking a more cautious view of US Treasury securities, as Washington’s reliance on bigger fiscal stimulus and monetary loosening spark worries over the value of the US dollar and global inflation. At the end of March, China’s holdings of the US government debt instruments dropped by US$3.8 billion from a month earlier, to US$1.1 trillion. This marked a retreat from the previous four monthly rises in a row, according to data released by the US Treasury Department on Monday.
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One of the must-ask interview questions for banking and finance is: “Have you read any news recently?”, with the follow-up questions: “How would you link this news to the market and what investment suggestions would you give to your clients based on this news?” .
Showing your market sense and ability to provide feasible investment ideas would help to differentiate you from other candidates. Therefore, apart from the weekly news update / investment insights, we have also generated this Weekly Market Summary for you to have a quick understanding of the market development and tips to answer some hot discussion topics. Take a look of the summary and WhatsApp us in the group if you have questions.
💡1. Credit Suisse faces growing pressure from prized clients to compensate them for losses following the collapse of supply-chain finance funds linked to Greensill Capital. The decision whether to do so is one of the first big dilemmas confronting new chair António Horta-Osório in his clean up of the bank, which faces the threat of several class action lawsuits from angry investors. More than 1,000 Credit Suisse customers invested in the $10bn suite of funds, having been told by the bank’s advisers and marketing material that they were low-risk products, fully insured against losses.
💡2. A site at Jardine’s Lookout being offered for sale through tender might be snapped up quickly amid an upswing in Hong Kong’s luxury housing market, according to real estate agency Savills.While there is no indicative price for the site at 8 Purves Road, its market valuation could be between HK$500 million (US$64.39 million) and HK$600 million, according to surveyors. With a maximum plot ratio of 0.6, the site can be redeveloped into a three-storey house with a maximum gross floor area of 5,888 square feet (547 square metres) on a site area of 9,814 sq ft
💡3. Hong Kong stocks fell, reversing a three-day advance on concerns about policy tightening after the Federal Reserve indicated some officials may be ready to talk about tapering if the economy sustains its growth momentum. Swings in bitcoin prices hit selfie-king Meitu and some of its other known buyers. The Hang Seng Index declined 0.7 per cent from a one-week high to 28,382.02 at the local noon break. Local stocks rose for three days, the best run since March, before a holiday on Wednesday. The Shanghai Composite Index lost 0.3 per cent to 3,500.86, extending a drop from an 11-week high.
💡4. Beijing may be taking a more cautious view of US Treasury securities, as Washington’s reliance on bigger fiscal stimulus and monetary loosening spark worries over the value of the US dollar and global inflation. At the end of March, China’s holdings of the US government debt instruments dropped by US$3.8 billion from a month earlier, to US$1.1 trillion. This marked a retreat from the previous four monthly rises in a row, according to data released by the US Treasury Department on Monday.
————————————————
One of the must-ask interview questions for banking and finance is: “Have you read any news recently?”, with the follow-up questions: “How would you link this news to the market and what investment suggestions would you give to your clients based on this news?” .
Showing your market sense and ability to provide feasible investment ideas would help to differentiate you from other candidates. Therefore, apart from the weekly news update / investment insights, we have also generated this Weekly Market Summary for you to have a quick understanding of the market development and tips to answer some hot discussion topics. Take a look of the summary and WhatsApp us in the group if you have questions.
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