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Today's big stories

The New York Stock Exchange scrapped plans to delist three Chinese telecom giants
Saxo Bank laid out why this could be the year that new regulations end up seriously hurting Amazon, Alphabet, and Facebook – Read Now
Danish bank Nordea started offering interest-free mortgages

Exchange Of Heart

What’s Going On Here?

The New York Stock Exchange (NYSE) suddenly remembered what a special thing it had with three Chinese telecom giants on Monday, and it backtracked on its plan to delist them altogether.

What Does This Mean?

It was only last week that the NYSE announced it’d be delisting China Mobile, China Telecom Corp, and China Unicom Hong Kong – three of the 35 companies the US government just banned Americans from investing in. Now, though, the company’s changed its mind. The NYSE didn’t give any specific reason for the U-turn, other than to say it came after “further consultation” with regulators. But there’s been a lot of confusion around what the ban would actually mean for US stock exchanges, so it’s hardly a stretch to think that all the hassle could have something to do with it…

Why Should I Care?

The bigger picture: Can’t we all just get along?
Investors tracking the NYSE had just started to sell the telecom companies’ shares, but this announcement put a stop to all that: the firms’ stock prices surged after the news broke. The Chinese yuan, meanwhile, jumped versus the US dollar. That's likely because investors are hoping the NYSE’s reversal could be the first sign of easing US-China tensions, which some analysts think could thaw even more when the new US administration comes into power later this month.

Zooming out: Bigger fish to fry.
Trade war or no trade war, China’s stocks are flying: the country’s major stock index – fueled by an economic rebound that’s outpaced every other major economy – reached its highest level in 13 years on Tuesday. And while nervous investors might remember the country’s last major stock market collapse in 2015, there’s one big difference this time around: the Chinese stock market is cheaper by one key measure, giving it much more room to keep climbing.

You might also like: How to find China’s best-performing stocks in 2021.

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2. Analyst Take

Amazon’s Can’t Hide From Big Tech Oversight Forever

What’s Going On Here?

Amazon’s been getting bigger and bigger thanks to the pandemic, but it’s been getting more and more attention from regulators too.

And if the US or European Union (EU) decide to really go on the attack, Saxo strategist Althea Spinozzi reckons the tech giant – and others like it – will struggle to hide.

See, Althea uses the hypothetical idea that Amazon could relocate its headquarters to Cyprus and form a “tech republic” to shield itself from prying eyes.

But according to Althea, a move like that could backfire.

So that’s today’s Insight: why Big Tech’s self-preservation strategies could be doomed to fail, and how to mitigate the risks to your portfolio if regulators choose to crack down this year.

Read or listen to the Insight here

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Bargain Basements

What’s Going On Here?

Nordea is practically giving new homes away: the Nordic bank started offering its Danish customers interest-free 20 year mortgages on Tuesday (tweet this).

What Does This Mean?

Denmark might be small economically speaking, but it’s a big deal when it comes to interest rates: the country’s rates have been negative since 2012 – longer than anywhere else in the world. That environment has encouraged its banks to slash their mortgage rates to unprecedented levels too, with Jyske Bank launching the world’s first negative rate mortgage two years ago – effectively paying borrowers to take out the loan. And now Nordea has once again decided to offer super-cheap mortgages, while others like Danske Bank – the country’s biggest – signaled they may follow suit.

Denmark’s not the only country whose mortgage rates are plummeting. With major central banks slashing interest rates to boost their pandemic-hit economies, commercial banks worldwide have been doing much the same thing. Just look at the US: the country’s mortgage rate dropped to 16 record lows in 2020, and it’s now just shy of its lowest level since tracking began.

Why Should I Care?

For you personally: Stay sharp out there.
With coronavirus still wreaking havoc on the world’s economies, central banks aren’t exactly likely to raise interest rates this year. That’s important to know: low rates are good for stocks, spurring on company earnings by lowering borrowing costs. Just be ready for the moment you do catch wind of an interest rate hike: it could have the opposite effect.

Zooming in: Stay safe out there.
Bonds should – at least in theory – be less popular among returns-hungry investors when interest rates are so low. But even though more than a quarter of global bonds are currently offering negative yields, investors are still flocking to them. That might have something to do with just how much value investors put on “safe haven” assets in times like this.

You might also like: What do ultra-low interest rates mean for your investments anyway?

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💬 Quote of the day

“History has shown us that courage can be contagious, and hope can take on a life of its own.”

– Michelle Obama (an American lawyer and author)

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📚 What we're reading

Are we doomed? (Vox)
There could be big money in robot security guards (Knightscope)*
The musical no one knew they needed (AV Club)
So… how’d tech get on last year? (Sifted)

*This sponsored content welcomes our new robot overlords.

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Finimize - 💀 They're coming for you, Amazon

Today's big stories

Exchange Of Heart

What’s Going On Here?

What Does This Mean?

Why Should I Care?

Amazon’s Can’t Hide From Big Tech Oversight Forever

🤸‍♀️ Upgrade your fitness with obé

Bargain Basements

What’s Going On Here?

What Does This Mean?

Why Should I Care?

📈 Earn income from – checks notes – your crypto?

Older messages

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😷 Remind me what just happened?

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