Day: August 12, 2020

The big ‘surprise’ that could send stocks higher: Morning Brief

Wednesday, August 12, 2020

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A vaccine.

Since the market bottomed on March 23, the S&P 500 has rallied 49% while the Nasdaq is up more than 55%.

And with the S&P 500 now within 1% of a record high, strategists have been writing quite a bit about the next catalyst to keep stocks pushing higher.

And the most common answer seems to be a vaccine.

Jared Woodard, a strategist at Bank of America Global Research, said in a note published Tuesday that

UK plunges into deep recession, Rishi Sunak admits ‘hard times are here’

“The recession brought on by the coronavirus pandemic has led to the biggest fall in quarterly GDP on record, said Jonathan Athow, Deputy National Statistician at the ONS.

The UK economy plunged into a deep recession as it shrank 20.4 per cent between April and June at the height of the coronavirus lockdown, according to new figures released on Wednesday. Reacting to the Office for National Statistics (ONS) data, UK Chancellor Rishi Sunak admitted that it indicated that the hard times had warned about are here and that many more jobs will be lost.

“I’ve said before that hard times

Anarock partners with UAE’s Vindico to provide design, leasing services for malls, retail stores

Founded in April 2007, Anarock is a real estate services company with a presence across India and the Middle East. Its revenue increased 36 per cent to Rs 256 crore during the last fiscal year.

Homegrown property consultant Anarock on Wednesday said it has partnered with UAE’s Vindico to help mall owners as well as retailers in designing and leasing of retail spaces in a better way to ensure success in post-COVID era. Vindico is a global leader in retail design and delivery, having opened over 10,000 shops and restaurants across four continents.

“The Anarock-Vindico partnership will deliver scientific, success-oriented