Articles by Daniel Marsh
U.S. Mortgage Rates Hold Near 6.2% as Refinance Demand Stays Subdued
Average 30-year fixed mortgage rates remain elevated around 6.2%, with refinance activity limited as rates stay above key psychological thresholds. High home prices continue to pressure affordability despite recent declines from peaks.
FedEx, Advent Lead €7.8 Billion Take-Private Deal for European Locker Giant InPost
A consortium led by Advent International and FedEx has agreed to acquire InPost for €15.60 per share in cash, a 50% premium, valuing the parcel locker operator at approximately €7.8 billion.
Challenger Leads $1.16 Billion Bid for Pepper Money, Shares Soar
Pepper Money's stock surged over 33% after receiving a non-binding $2.60-per-share takeover proposal from Challenger and Pepper Group, valuing the lender at A$1.16 billion.
Angola Pursues Minority Stake in De Beers as African Nations Coordinate Bid
Anglo American shares gained 0.3% after Angola confirmed it is seeking a 20%-30% stake in De Beers, with regional governments discussing a joint approach. Investors await further details in the company's Feb. 20 results.
NatWest's £2.7bn Wealth Acquisition Spurs Investor Caution
NatWest Group has agreed to purchase wealth manager Evelyn Partners for £2.7 billion, aiming to expand its fee-based services. Shares fell approximately 4% following the announcement.
HSBC Gains Ahead of Key Earnings, Asia Rally Lifts Sentiment
HSBC shares advanced in London trading, approaching a 52-week high as investors await annual results on February 25. The bank's Hong Kong stock surged 3.2%, buoyed by positive Asian market momentum.
Rio Tinto Ends Glencore Merger Talks, Focus Shifts to Upcoming Results
Rio Tinto has terminated discussions with Glencore regarding a potential merger. Investors now await the company's annual results on February 19 for clarity on future strategy and capital returns.
Hongkong Land Shares Gain in Singapore Amid Expanded Buyback Program
Hongkong Land Holdings advanced 1.8% in Singapore trading as the property group continues its share repurchase initiative, having recently increased its buyback authorization to $650 million.
Frencken Group Hits 52-Week Peak on Asian Chip Rally
Frencken Group surged 7.2% to S$1.79, reaching a new 52-week high amid broad semiconductor gains across Asian markets. Trading volume exceeded triple the daily average.
Jardine Matheson Gains in Singapore Amid Indonesia Mine Permit Negotiations
Jardine Matheson shares advanced 1.1% in Singapore trading as Indonesia engages in talks over the revoked permits for the Martabe gold mine, operated by its subsidiary Agincourt Resources.
Yangzijiang Shipbuilding Recovers 2.5% Following Prior Week's Sharp Decline
Yangzijiang Shipbuilding shares advanced 2.5% to S$3.24 in Singapore trading, partially recovering from a 6.2% drop on Friday. Market focus shifts to the firm's upcoming earnings report on March 4 for insights into order flow and profitability.
Singapore Airlines Gains as Oil Retreats; Q3 Update Looms
Singapore Airlines shares advanced over 1% as easing crude prices offered cost relief. Investors await the carrier's third-quarter business update scheduled for February 24.