Dead Cat Bounce?
AmplifyME | Mar 20, 2022 05:32
Fed pulls the trigger Find out exactly what the US central bank said and how markets reacted in this find out what the head of trading had to say.
China on lockdown Signs of a tentative deal emerge but is this the end? I cover the topic and its impact on equities in this week's podcast.
MARKET OVERVIEW (5-DAY)
US STOCKS WEEKLY HEAT MAP
Big tech made some significant gains this week. In fact, the four days of gains for both the S&P 500 and Nasdaq 100 had the benchmarks posting their best weeks since November 2020. However, oil majors suffered as crude posted its first back-to-back weekly decline since December.
DEALS PAY THE BILLS
M&A and Private Equity
Discovery's shareholders have approved the mega $43bn merger with Warner Media.
Brookfield Asset Management (LON:0KEH) and Elliot Investment Management are working on a potential $15bn deal for Nielsen (NYSE:NLSN), an information services company.
Rogers Communications (TSX:RCIa), a Canadian media company is targeting a $16bn deal for rival Shaw Communications (TSX:SJRb) but may need to divest its wireless assets first to avoid regulatory issues.
Amazon (NASDAQ:AMZN) has finally completed the $8.5bn acquisition of MGM Studios after intense regulatory scrutiny in Europe.
Venture and IPO
Sany Heavy Industries, a Chinese construction machinery maker is planning a $22bn IPO in Switzerland.
Savage X Fenty, Rihanna's lingerie company is working with financial advisors on a $3bn IPO.
BYJU, an Indian edtech startup has raised a fresh $800m round at a $22bn valuation led by BlackRock (NYSE:BLK) among others.
Getir, a Turkish delivery company has raised a new $768m Series E funding round at an $11.8bn valuation led by Mubadala Investment Group.
MEME OF THE WEEK
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