One day, my very well-meaning father announced that he had purchased his own company stock for me as an investment in my future. And so while the Obama presidency has seen enormous stock market and job market gains as the economy has recovered — however slowly — from the financial crisis, there might be reason to get nervous about what the next few years hold. The wealth of experience that the LSEG has in hosting a deep and liquid global capital market will be of significant value in helping grow MILA over time.
As Hartnett and his team note, four notable financial mispricings have led to significant market events at the end of recent two-term presidencies: the overvaluation of the US dollar after JFK/LBJ, the undervaluation of bonds after Ford/Carter, the overvaluation of tech after Clinton, and the overvaluation of housing after Bush. At Money Morning our aim is simple: to give you intelligent and enjoyable commentary on the most important stock market news and financial information of the day – and tell you how to profit from it. We know the best investments are often the hardest to find.
The Chancellor has today (9 October 2015) announced that the London Stock Exchange Group and the Lima Stock Exchange, Bolsa de Valores de Lima, will work together to enhance liquidity in Peruvian financial markets. The Lima Stock Exchange is a member of the Integrated Latin American Market ( MILA ), which brings together the stock exchanges of the dynamic set of Pacific Alliance countries, namely Mexico, Colombia, Chile and Peru. MILA is the eighth largest market in the world and the largest in Latin America by number of listed companies.
I am delighted to announce a collaboration between the London Stock Exchange Group and Bolsa de Valores de Lima. LSEG and BVL will identify and implement new measures to enhance liquidity in the Peruvian equity market. The scope of the work includes enhancements across the capital market value chain within Peru including primary, trading and post-trading activities, and an assessment of the market micro structure, market rules, technology and the legal and regulatory framework.
As per an article in leading financial daily, Mahindra & Mahindra has managed to increase its market share in the Light Commercial Vehicle (LCV) segment. The company has the largest market share in this segment and has taken over the likes of Tata Motors in this segment. Reportedly, Tata’s market share in LCV’s has come down from 48% in 2013-14 to below 37% in April-October period this year. The launch of the brand ‘Jeeto’ has immensely benefited M&M to gain market share in the LCV segment. LGI Homes (NASDAQ: LGIH ) was another IBD 50 stock that had a big day, up 6%, closing in on a new high after finding support at its 50-day line.