Weekly | Is $BSL takeover just the beginning after a 24% surge?
As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,717.80 on Friday, down 0.09% in the past 5 days.1. $BLUESCOPE STEEL LTD(BSL.AU)$ +24.28%Takeover bid received: On Jan 5, 2026, BlueScope got a non-binding all-cash offer of A$30/share from $SGH Ltd(SGH.AU)$ + $Steel Dynamics(STLD)$ , valuing the company at ~A$13.2bn.Premium, but rejected: The offer implied a 27% premium, but the board rejected it as significantly undervaluing BlueScope given strong standalone growth.Clear strategic logic: Proposal splits assets — SGH takes ANZ operations; Steel Dynamics acquires the North American business (incl. No
Weekly: After a 3rd Double-digit Year, Venezuela Developments and Jobs Data in Focus
Last Week and 2025's Recap1.The US Market - Gained double-digits for a 3rd straight year in 2025Indexes: $S&P 500(.SPX)$ recorded a weekly drop of about 1.03%, with technology stocks showing mixed performance and investor sentiment cautious due to Federal Reserve minutes and geopolitical tensions. $Dow Jones(.DJI)$ saw a decline of approximately 0.67%, $NASDAQ(.IXIC)$ fell by around 1.52%. Triple play: The $S&P 500(.SPX)$ ’s 16.39% total return for 2025 marked the third year in a row that the index generated a double-digit gain. The Mag 7 names contributed 42% of the S&P 500’s total return in 2025 and 55% o
Tiger Weekly: Record-Breaking US Rally Led by Tech & Metals, Fed Minutes Eyed Ahead
Last Week's Recap1. The US Market - Major indices reaching record highsDriven by robust economic data and positive investor sentiment last week. The $Dow Jones(.DJI)$ rose by approximately 1.2%, closing at 48,710.97; $S&P 500(.SPX)$ surged by about 1.4%, closing at a new record high of 6,929.94. The $NASDAQ(.IXIC)$ increased by around 1.2%, ending the week at 23,593.096. GDP acceleration:GDP expanded at an annualized rate of 4.3% in the July-through-September period versus the consensus forecast for 3.2%, the fastest in two years. 2026 rate outlook: the Fed's minutes contributed to the positive market sentiment, bond market trading continued to support prosp
Weekly: US Markets Split as Precious Metals Surge & GDP In Focus
Last Week's Recap1. U.S. Stock Market Faces Volatility Amid Mixed Sector Performance and Trading HaltsThe $NASDAQ(.IXIC)$ and $S&P 500(.SPX)$ finished fractionally higher while the $Dow Jones(.DJI)$ ended slightly down. The latter two indexes remained about 1% below their record levels set on December 11.Jobs weakness:A delayed U.S. labor market report delivered mixed monthly results on jobs growth and the highest unemployment rate since 2021.Precious metals shine: $Silver - main 2603(SImain)$ surpassing $67 per ounce for the first time ever and $Gold - main 2602(GCmain