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BMO takes top spot for Canadian IPOs in 2022

  Bloomberg Bank of Montreal’s (BMO) capital-markets unit was the top arranger of initial public offerings (IPOs) in Canada in 2022, eking out two significant deals in a year when plunging equity prices all but froze the market for companies seeking to sell shares for the first time. Canadian companies undertook 112 IPOs with a total value of C$1.82 billion ...

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Foreigners cash out of Southeast Asia stocks after strong year

Bloomberg The strong appetite for Southeast Asia stocks seen over the past year is starting to ebb as the reopening of China draws global funds to cheaper northern markets. An analysis of Asian mutual fund positions in November by HSBC Holdings Plc showed they cut exposure to the biggest overweight markets of Indonesia and Singapore, while increasing allocations to Taiwan ...

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US futures tick higher before data; oil climbs

  Bloomberg US equity futures edged higher and European shares were steady as investors awaited data on the labor market after cautious commentary from the Federal Reserve’s last meeting. Oil snapped a two-day drop. Contracts on the S&P 500 rise 0.2% and those on the tech-heavy Nasdaq 100 were up 0.3%, as Amazon.com Inc rose in premarket trading after saying ...

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