Group 1 - Binary Tree Analytics (BTA) focuses on providing transparency and analytics for capital markets instruments and trades, specifically targeting Closed-End Funds (CEFs), Exchange-Traded Funds (ETFs), and Special Situations [1] - The company aims to deliver high annualized returns while maintaining a low volatility profile, leveraging over 20 years of investment experience [1]

MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the appointments of new co-heads of healthcare investment banking, consumer investment banking and equity capital markets. These leadership changes reflect the firm's continued growth, expansion of capabilities, and commitment to delivering exceptional service to our clients. Share ABOUT PIPER SANDLER Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Re ...

香港IPO热潮在2026年能否延续？外资对新股配售的参与是否还会提升？港交所的改革将如何助力IPO 市场发展？近日，21世纪经济报道记者专访了瑞银全球投资银行亚太股票资本市场联席主管胡凌寒，一 起探讨这些问题。 胡凌寒指出，目前外资对中国资本市场的关注度正在不断提升。高盛2025年7月发布的研究报告显示， 参与香港新股认购的投资者中，约三分之二来自外资。对于IPO市场而言，外资参与的模式正在发生显 著变化。 她提到，包括英国长线基金M&G、Schroders在内的国际资本，在2025年选择以基石投资者的身份参与 配售，这是外资从中长期维度对香港市场投下的信任票。 2025年以来，瑞银在港股IPO市场中持续活跃，参与了多个备受瞩目的IPO项目，包括蜜雪冰城、宁德 时代等项目。根据蓝鲸财经统计的数据，瑞银2025年全年共承销7家上市公司，共募资38.88亿港元。 谈及内地企业来港上市的热潮，胡凌寒表示，对于内地企业而言，香港高效的审批节奏能更好地适配企 业的战略规划，同时，对于很多有海外发展计划的企业而言，香港也是品牌国际化的跳板，其在港融资 获得的外币资金能够为企业后续的海外并购提供灵活性。 展望2026年，胡 ...

January 6, 2026 India’s largest asset manager, SBI Mutual Fund (operated by SBI Funds Management Ltd), is advancing plans for a blockbuster initial public offering (IPO) targeted for 2026. The listing could rank among the country’s largest IPOs in recent years, with the company expected to raise over $1 billion from the sale. The State Bank of India (SBI) and its joint-venture partner Amundi have approved a plan to divest a combined 10% stake through the public offering. SBI is set to sell approximately 6. ...

Key Points The S&P 500 has suffered an average intra-year decline of 18% during midterm election years, and volatility may be heighted in 2026 because of President Trump's tariffs. The S&P 500 currently trades at 22.2 times forward earnings, a rich valuation seen during just two periods in the past: the dot-com bubble and the Covid-19 pandemic. The median forecast among 19 Wall Street investment banks and research organizations puts the S&P 500 at 7,600 by the end of 2026, implying 11% upside from it ...

鑫新闻 研究所日报 2026 年 01 月 06 日 星期二 1 1.央行方面，节后央行如期连续净回笼资金，5日当天开展7天质押式逆回购金额仅135亿元，利率1.4%， 当日净回笼头寸4688亿元。点评：节后资金价格回落，市场流动性总体充裕，交易所隔夜均价在 1.46%-1.48%之间，银行间1月4日开市，节后两个交易日资金价格波动较大，隔夜均价在1.26%-1.34% 波动，但比跨年前的1.45%显著降低，央行经过两天净回笼后，OMO存量已跌至6000以下，降至跨年行 情前的平均水平。 2.当地时间1月5日中午，委内瑞拉总统马杜罗被美国强行控制后在纽约联邦法庭首次出庭，面对美国 司法部提出的四项指控，马杜罗表示"不认罪"。中国外交部发言人林剑表示，中方呼吁美方确保马 杜罗总统夫妇人身安全，立即释放马杜罗总统和夫人，停止颠覆委内瑞拉政权，通过对话谈判解决问 题。点评：当下美国选择用武力服务其自身经济利益，缓解其财政压力，古巴、哥伦比亚被美总统点 名威胁，格陵兰岛的争夺重新被提及，在国际局势动荡的同时，我国政治环境稳定、国防实力不断提 升、人民币对美元汇率长期预期乐观，可关注外资涌入情况及其在权益市场的占比。 ...

Summary of Key Points from the Conference Call Industry and Company Overview - The conference call primarily discusses the impact of macroeconomic factors on various asset classes, particularly focusing on the Federal Reserve's monetary policy, U.S. economic growth, and commodity markets, including metals and currencies. Core Insights and Arguments Federal Reserve's Asset Purchases - The Fed's decision to restart asset purchases at a rate of $40 billion per month aims to enhance control over short-term interest rates during periods of market stress, which is expected to support front-end liquidity and sensitive risk assets [9][2][8] U.S. Economic Growth Outlook - The U.S. GDP growth in Q3 2025 surprised to the upside at 4.3% quarter-over-quarter, compared to a consensus of 3.3%. This growth is attributed to strong consumption and exports, with firms passing through tariff costs by raising prices, which is expected to lower downside risks to the labor market and support a growth rebound in 2026 [14][3][16] Metals Market Sustainability - The recent rally in metals is deemed sustainable, driven by demand from AI-related power consumption. Data centers are projected to consume 500,000 tons of copper in 2025, increasing to approximately 740,000 tons in 2026, contributing significantly to copper demand growth [19][20] Japanese Yen and Interest Rates - A weaker Japanese Yen could lead to a deeper sell-off in long-end Japanese government bonds (JGBs). The Bank of Japan's lack of urgency regarding rate hikes may create perceptions of being behind the curve on inflation, potentially exacerbating the depreciation of the Yen [22][24] UK Inflation and Bank of England - UK inflation fell to 3.2% year-over-year in November, leading to expectations of a rate cut by the Bank of England in Q1 2026. The inflation drop is attributed to seasonal effects and a rapid decline in food prices [26][27] Other Important Insights - The Fed's asset purchases are not classified as quantitative easing but are intended to improve liquidity conditions in the money market [9] - The potential for further price increases by U.S. corporates is anticipated through Q1 2026, with core CPI inflation expected to rise to 3.0% early next year [14] - The discussion highlights the sensitivity of risk assets to liquidity conditions, as evidenced by the widening of 2-year UST SOFR swap spreads following the Fed's announcement [10][12] This summary encapsulates the key points discussed in the conference call, providing insights into the macroeconomic environment and its implications for various asset classes.

January 5, 2026 04:33 PM GMT Cross-Asset Spotlight | Global Resilient into Year-End Signals, Flows, & Key Data: A weekly summary of key cross-asset monitors, data, moves, and models tracking sentiment, fund flows, and positioning. Last week, FTSE 100 reached all-time highs, gold closed the year with its strongest annual gain in four decades, USDCNY dipped to a two-year low. Key highlights from last week: Exhibit 1: Morgan Stanley forecasts | As of Jan Q4 2026 Forecast | | Q4 2026 Return Forecast | | Volatil ...

5 January 2026 | 6:05AM GMT Economics Research EUROPEAN ECONOMICS ANALYST Euro Area Outlook 2026: Cyclical Boost, Structural Drag, Unchanged Rates Sven Jari Stehn +44(20)7774-8061 | jari.stehn@gs.com Goldman Sachs International Filippo Taddei +44(20)7774-5458 | filippo.taddei@gs.com Goldman Sachs International Alexandre Stott +33(1)4212-1108 | alexandre.stott@gs.com Goldman Sachs Bank Europe SE - Paris Branch Katya Vashkinskaya +44(20)7774-4833 | katya.vashkinskaya@gs.com Goldman Sachs International Giovann ...

Jefferies Financial Group Inc. (NYSE:JEF) will release earnings results for the fourth quarter, after the closing bell on Wednesday, Jan. 7, 2025.Analysts expect the company to report quarterly earnings at 94 cents per share, up from 93 cents per share in the year-ago period. The consensus estimate for Jefferies Financial's quarterly revenue is $1.99 billion, up from $1.96 billion a year earlier, according to data from Benzinga Pro.On Dec. 11, Oppenheimer analyst Chris Kotowski maintained Jefferies Financia ...