BeBeez roundup with eToro support about the performances of private capital firms listed on global exchanges.
US President Donald Trump‘s decision to pause tariffs on electronic goods from China fostered a feeling in the market that more relaxed and less aggressive attitudes are emerging in trade relations between the two countries.
The stock markets promptly benefited from this, especially at the beginning of the week.
In the second half of the week, however, the performance of the indices mainly reflected the effects of the different monetary economy orientations on both sides of the Atlantic Ocean.
The ECB’s decision to cut official rates by 25 cents supported the performance of stock markets across Europe that posted weekly gains of around 5%. Fed Chairman Jerome Powell did not rule out the possibility that a rate hike might be necessary to cope with the inflationary pressures that the Administration’s new customs duties generated. Such comments arouse resentful reactions from the US President.
The private capital stocks that BeBeez and eToro monitor for Trading Floor generally recovered. The market capitalization of only three firms plummeted. Market participants supported equity investors in Europe and private debt firms in USA.
Frankfurt-listed Mutares (+11.5%) benefited of ECB decision and of its Frankfurt-listed defence company Steyr of which the fund sold 0.9 million shares through an accelerated book building procedure for 31 million euros while keeping above 40% of the asset (press release).
NYSE-lised private debt and infrastructures firm Cion Investment Corporation (+7.3%) benefited from the expectations for a definitive halt to the fall in overseas rates and the fading of the gloomier expectations linked to the tariff effect on the world economy and on the US economy for which there were fears for a recession.
Los Angeles’ private debt investor Crescent Capital BDC (+6.8%) attracted the resources of asset manager Franklin Resources Inc which repeatedly increased its positions on the stock in recent months.
London-listed 3i Group plc (+6.3%) grew by 22% in the last weeks in light of Trump’s more benevolent attitude towards Great Britain on customs duties.
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