Meanwhile, D.E. Shaw & Co. LP is planning to offer some of its equity risk premia strategies to investors early this year, sources told Financial Times. Risk premia, also called factor investing, are certain investment characteristics that tend to generate above-market returns over time. The hedge fund group introduced these risk premia strategies into its tactical asset allocation fund Orienteer back in August 2018, according to the report.
And digital assets
In other parts of the world
Asia-Pacific: Syndicate Bank, SBI Life sign bancassurance deal; IAG boosts catastrophe cover
Europe: No deal for NordLB, Helaba; ex-Deutsche Börse CEO settles; Carige administrators
Middle East & Africa: Saudi's NCB, Riyad Bank seek merger advisers; Britam expects lower FY'18 result
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As bank M&A closing time drops, some CRA concerns rise: Community groups are worried that the reduced closing time for bank M&A limits the public's ability to protest transactions that have concerns related to the Community Reinvestment Act.
Regulators offer community banks relief, but not all will bite: A new proposed "community bank leverage ratio" could simplify reporting for certain U.S. institutions with under $10 billion in assets, but not all banks will take advantage of the option.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng fell 0.26% to 25,064.36.
In Europe, around midday, the FTSE 100 fell 0.61% to 6,693.36, and the Euronext 100 was down 1.03% to 900.95.
On the macro front
The Bureau of Economic Analysis' motor vehicle sales report, the Mortgage Bankers' Association's mortgage applications report, the Automated Data Processing's employment report, the jobless claims report, the Institute For Supply Management's manufacturing index, the construction spending report, the Federal Reserve balance sheet and the money supply report are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
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