LONDON, Jan 25 Sterling strengthened today as investors returned to risk assets on hopes for more stimulus in the United States, while Britain’s Covid-19 vaccine rollout push over the weekend also offered support to the pound. Optimism about a US$1.9 trillion (RM7.7 trillion) fiscal stimulus.
The benchmark FTSE 100 has increased almost 8% since December 1 in dollar terms, outperforming the S&P 500, the MSCI World, and the Euro Stoxx indexes, despite the U.K. being among the countries hit hardest by the Covid-19 pandemic and still suffering from a more contagious variant, the Wall Street Journal reports.
The rally may be seen as a relief rally on Brexit uncertainty, but it still doesn’t make up for its underperformance since the U.K. voted to leave the European Union in 2016. In dollar terms, the FTSE 100 still trades where it closed on June 23, 2016, the day of the Brexit referendum.
Seeks views on the sale from interested parties prior to full-scale inquiry
Worries that Nvidia will change ARM s highly successful open-licensing model
Could the future be Buy One (ARM licence) Get One (Nvidia licence) Far From Free even if the customer doesn t want or need two?
What with all the ongoing excitement and disruption, the proposed acquisition of the hugely successful Cambridge, UK-headquartered semiconductor design company ARM by the US graphics processing chip giant Nvidia of California has been inching forward even as its media profile sank below sea level. Now it s back and bobbing about in plain sight as the UK s Competition and Markets Authority (CMA) calls for interested third parties to comment and pass judgement on the mooted and highly contentious $40 billion acquisition.
The Jamaican dollar remained largely stable during the trading week.
The currency appreciated by $0.05 against the United States dollar during the week of trading ending Friday, December 19, according to data from the Bank of Jamaica.
The dollar traded at its best at $144.02 last Thursday but declined in value to close higher on Friday.
It started the week at $144.24 on Monday and closed at $144.19 on Friday at the week s close.
Meanwhile, the British Pound Sterling weakened to $194.27 on Friday from $197.04 on Monday, while the Canadian dollar (CAD) moved to $111.87 from $112.49.
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