Grab uncovering $40 bln agreement in record SPAC consolidation

South-East Asia’s largest ride-hailing and food delivery firm Grab Holdings, declared it intends to merge with US-based Altimeter Growth Capital in a venture that would appraise it at nearly 40 billion dollars in anticipation of an IPO in the US.

Grab’s contract to list via a special purpose acquisition company (SPAC) – a shell company intending to raise capital by an IPO to procure another company – has attracted four billion dollars (£2.9 billion) in private investment in public assets from an association of investors including Fidelity International and Singapore’s Temasek Holdings.

Southeast Asia’s largest Grab Holdings is set to declare this week a merger with U.S.-based Altimeter that will value Grab at nearly $40 billion and lead to a public listing.

S&P 500 index restrained after solid inflation data

US government debt prices decline ahead of fundamental inflation data release.
The S&P 500 opened steady on Tuesday as data presented consumer prices raised by the most in more than 8-1/2 years in March, while Johnson & Johnson dropped as the Second coronavirus vaccine rollout of Johnson & Johnson jab paused over blood clots concern.

The S&P 500 opened higher by 2.11 points, or 0.05%, at 4,130.10, while the Nasdaq Composite achieved 52.45 points, or 0.38%, to 13,902.45 the opening bell.

The Dow Jones Industrial Average dropped 24.24 points, or 0.07%, at the open to 33,721.16.

SATURDAY, APRIL 3rd Markets Review

SATURDAY, APRIL 3rd

Stocks move higher again on Thursday, backed by President Biden’s $2 trillion infrastructure spending plan. However, the plan has already received harsh criticism from both sides of the Washington fence, making its passage unlikely. Despite the S&P 500 rising more than 1.0% at its highest point of the day, the real action came in tech. The tech-heavy NASDAQ Composite, which has been lagging the market in recent months, advanced more than 1.5% to set a new three-week high.

Investors will take a look at the economic data next week since the National Employment Statistics report is expected to show US economy has created 700,000 new jobs in March. Subsequent week earnings will come back in focus with the first reports of the Q1 season. The analysts have been raising their targets, so expectations are high.

THURSDAY, APRIL 1st

Following the release of President Biden’s infrastructure spending plan, the equity markets extended recent gains and reached new all-time highs on Wednesday. A bill worth upwards of $2 trillion includes a tax increase that Wall Street expected to fund the plan within 15 years despite the idea of higher taxes. Despite the higher taxes, the news could turn into a news event that is easy to sell.

Other news includes solid economic data, which points toward a robust Nonfarm Payrolls report on Friday. ADP’s Employment report released on Wednesday shows that the number of new jobs increased by over 500,000 in March and was matched by a similar reading on Chicago PMI, which rose 7 points to surpass consensus estimates by 6 points and surge to its highest level since 2017.

WEDNESDAY, MARCH 31st Markets Review

A rising 10-year Treasury note yield now signals both an improvement in the economy and tightening Fed’s policy. Traders struggled to assess the conflicting signals arising from rising interest rates as the stock market pulled back from recent highs. Following the fact fundamentals have changed, investors are dumping their rate-averse growth stocks favouring higher-yielding blue-chip stocks and dividend-growth companies.

Data from Tuesday, including a look at consumer confidence:
It increased by 19 points in the most recent survey, 13 points more than expected, pointing to a strong spring season. On the other hand, investors are eagerly awaiting details regarding a multi-trillion dollar infrastructure plan that is sure to be accompanied by tax increases.

The Dow Jones Industrial Average closed at an all-time high on Friday.

The Dow Jones Industrial Average reached all-time highs on Friday.

As investors rallied behind a successful economic reopening amid Covid-19, the Dow and the broader U.S. stock market ended the week on a positive note.

Among Wall Street’s major averages, the Dow Jones Industrial Average climbed 1.4% while the S&P 500 Index advanced 1.7%. The Nasdaq Composite increased 1.2%.

The Dow increased 1.2% for the week, the S&P 500 rose 1.6%, and the Nasdaq ended 0.6% lower.

On Friday, the CBOE VIX Volatility Index, commonly known as the VIX, declined 4.8% to settle at 18.86 on a scale of 1-100, where 20 represents the historical average. For the week, the “fear index” declined 10%.

As of Friday, 100 million doses of Covid-19 vaccinations used, and President Biden set a new target of 200 million doses within the first 100 days in his presidency.

According to economic data, building permits fell 3.8% last month, with construction permits declining by 3.4%. Orders for durable goods declined 1.1%. Nondefense Capital Goods Orders excluding aircraft declined 0.8%.

Additionally, initial jobless claims dropped to 684,400 from 727,000 last week.

The three most promising dating app stocks for investors

I enjoy the fact that Valentine’s Day is fast approaching, so investors might want to take a moment to reflect on how technology has advanced over the past few years and how that can help the dating services market, in general, in the future. Revenue from the dating services market will reach $7.7 billion in 2021 and keep growing at an annual rate of 8.6% annually by 2024. Naturally, several companies will benefit from this growth, which could present great long-term investing opportunities.

Technology like artificial intelligence and machine learning can continue to advance dating applications in the future. There are many compelling reasons to invest in dating app stocks at this time, which is why we have decided to put together a list of 3 dating app stocks investors can get excited about right now.

Bumble (NASDAQ: BMBL)
The newest dating app stock on which investors should keep an eye is Bumble. The company went public earlier this week, rallying over 63% on its first day of trading. Bumble’s dating app will empower women to initiate contact with their matches. The Bumble product portfolio is rounded out by friendship and networking applications, and the dating app gives the company a wide range of growth opportunities.

Experts estimate that Bumble will have 12 million active monthly users in September 2020, including an average of 2.4 million paying users. In 2020, Bumble generated $416.6 million, which represents a considerable increase year-over-year. Investors should probably hold off for a few weeks before buying shares since the company doesn’t have much of price history, but on the plus side, it’s a dating app stock that’s worth holding.

Match Group (NASDAQ: MTCH)
the number 1 downloaded dating app on the web, look no further than Match Group. The Tinder app was growing at an astounding pace in FY 2020 and delivered $1.4 billion in revenue, representing a year-over-year increase of 18%. In addition to Tinder, Match Group has its dating app network with such well-known platforms as Match, OkCupid, and PlentyOfFish. Match Group owns and operates dating apps in over 40 countries worldwide.

In Q4 2018, total revenue was up 19%, and adjusted EBITDA grew 15% to $897 million. If you want to invest, make sure you check out Match Group stock.

Momo (NASDAQ: MOMO)
Besides, Momo is an excellent option since it’s one of China’s most popular dating apps. The company operates a mobile social entertainment platform called Momo that is mainly used for dating and owns Tantan, a dating app geared toward younger users. Both of the apps rank among the most widely used in China.

Momo stock sold off hard during the onset of the pandemic and hasn’t quite recovered yet, meaning that it offers decent upside at this time. However, the company recently reported a year-over-year decrease in Q3 net revenues of 15.4% to $554.8 million. Monthly active users are also on the decline, and the company’s management expects another drop in Q4 net income due to the pandemic’s impacts. With that said, the stock is up 46% year-to-date and seems to be getting back in favour with investors. Consider this Chinese dating app stock a high-risk option with upside.

Bitcoin CFD Trading has become vital in 2022

2022 is the year of cryptocurrencies. For example, the Bitcoin price climbed several thousand euros within a few months. Anyone who wanted to cut this development slice as an investor had to deal with tricky wallets and the crypto exchanges. Brokers discovered the trends in Bitcoin and other altcoins relatively quickly.  Bitcoin CFD Trading has become vital today. And more and more providers are jumping on the bandwagon – in other words, the CFD broker offering Bitcoin as an underlying asset. What makes contracts on cryptocurrencies so interesting?

Bitcoin CFD trading: essential facts at a glance
CFDs offer Bitcoin along with a wide range of underlying assets.
Crypto CFDs can be traded long and short.
High return opportunities through leverage
Bitcoin CFD trading is subject to a flat tax.

Firstly, Traders cannot trade cryptocurrencies on the classic foreign exchange market. Who can only make trades via unique trading venues? On the other hand, the security of cryptocurrencies has been breached repeatedly in recent years.
Contracts for difference eliminate these disadvantages. Trading is only based on the Price development using Bitcoin CFD brokers so that traders can make profits in bull and bear markets. Besides, there is no risk of getting rid of the Bitcoins you earned slow and complicated. Here, you can find  The best UK Regulated CFD Brokers.

Cryptocurrencies CFD Brokers UK are regulated.
Finally, there is another reason to turn to the topic of crypto CFD. There is currently no significant regulation in trading in cryptocurrencies – even if monetary authorities are becoming increasingly active. Mainly about the seriousness of ICOs, there are a fair number of suspected fraud cases and black sheep.
The situation is different with CFD brokers. Especially providers who are based within the EU or operate from Germany are subject to strict regulations. Responsible for their monitoring are among others:
BaFin
FCA (Financial Conduct Authority)
CySEC
The regulation ensures, among other things, customer funds and data security are safe. Also, the financial supervisory authority ensures that brokers comply with applicable law, for example, in connection with the European rules on the level of leverage or investors’ classification.

stainless steel runs smoothly and nickel demand is still guaranteed

Stainless steel runs smoothly and nickel demand remains strong.

At the macro level, economic expectations are heating up, domestic economic conditions are improving, and market sentiment is optimistic.

In terms of industry, nickel ore supplies are tight and the price remains high. Ferronickel plants do not wish to ship goods at a loss, while stainless steel orders are good and prices remain stable

In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

Uncertainty risks: epidemic development, overseas economic stimulus policies, nickel resource imports, changes in stainless steel capacity utilization

One

Market review

Nickel prices dropped overall this week. Although the macro environment is generally positive, the continuous rise of the metal sector in the early stage has caused a phased correction in the sector, which has brought certain pressure on the nickel price. In addition, the industry is generally stable and there is no obvious good news for the time being. The transaction price of ferronickel is still at a low level, only nickel ore still has support.

Open the app to read the latest report

two

Analysis of price influence factors

1. Macro aspect

1.1. Overseas: Fiscal policy is expected to heat up, and the macro environment continues to warm up

Pfizer halved vaccine production in half a year, which once disturbed the market. OPEC’s production growth slowed down, and rising oil prices pushed up inflation expectations.

US President-elect Joe Biden nominated former Federal Reserve Chairman Janet Yellen as a candidate for finance minister, is conducive to the subsequent fiscal policies. The two parties in the United States jointly proposed a fiscal stimulus agreement, and the probability of fiscal stimulus increased during the year. U.S. manufacturing data has fallen, non-agricultural employment has been significantly lower than expected, the impact of the second outbreak of the epidemic is showing, and it

On the macro level, expectations of overseas fiscal stimulus heat up, the domestic economy continues to improve, and market sentiment tends to be optimistic. In terms of industry, the supply of nickel ore is tight and the prices remain high. Ferronickel plants are not willing to ship goods at a loss, and stainless steel orders are better and prices remain stable. In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

(Editor in charge: Chen Zhuang)