Message from Coach
On this week’s market summary:
1️⃣Lufax Holding, which runs an online wealth management and peer-to-peer lending platform, is planning an initial public offering in the US this year, according to a person familiar with the matter, amid heightened scrutiny on US-listed Chinese companies in recent months. 2️⃣Australia’s budget deficit will blow out to a post-World War II record amid a surge in spending to plug a virus-induced gaping economic hole, as the government sees the crisis spilling into next year.
3️⃣More round numbers and more esoteric records. On Wednesday, the real 10-year Treasury yield (the nominal yield minus the inflation breakeven) dropped below minus 0.9% and briefly dipped under the previous all-time low set in December 2012 (marked in the chart). Meanwhile the nominal 10- year yield fell below 0.6%.
4️⃣Instalment payment platform operator After pay Ltd. has surged 713% to become the top performer on the 1,574 member MSCI Asia Pacific Index since the gauge’s March 23 low, according to data compiled by Bloomberg.
5️⃣Hong Kong’s most-famous billionaire Li Ka-shing has sent a top lieutenant to help rescue a cash-strapped developer in the first major blow-up and restructuring to unfold from the city’s property market slump.
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.