Global equity funds faced huge outflows on caution ahead of Fed meet

Global equity funds suffered sharp outflows in the seven days to June 12 as investors cautiously took out money ahead of a key U.S. inflation report and Federal Reserve policy decision that could determine the near-term outlook for interest rates. According to LSEG data, investors offloaded a massive $14.67 billion worth of global equity funds […]

Roaring Kitty may have cut GameStop options position, strategists say

A surge of trading in some short-dated GameStop options contracts on Wednesday suggested to some market participants that Keith Gill, the stock influencer known as Roaring Kitty, may have sold some of his recently-disclosed options position in the company. Gill, who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and […]

Spanish stock market supervisor assesses BBVA’s application for $13 billion Sabadell deal

 Spain’s stock market supervisor said on Tuesday it has started assessing BBVA’s (BBVA.MC), opens new tab 12.28 billion euro ($13.19 billion) hostile takeover bid for Sabadell (SABE.MC), opens new tab, a potential tie-up that Madrid opposes. The National Securities Market Commission (CNMV) said it had admitted BBVA’s (BBVA.MC), opens new tab application for authorising the deal, which is part of its regulatory […]

Backlash blunts edges of UK watchdog’s ‘naming and shaming’ plan

Britain’s markets regulator is expected to narrow down plans to name companies under investigation, four lawyers told Reuters, after a government and industry backlash labelled the proposals misjudged and harmful to London’s competitive ranking. The anticipated move by the Financial Conduct Authority (FCA) is designed to defuse anger over plans that critics say risk dealing irreparable and […]