All posts by Moderator

10 Wednesday AM Reads

Welcome to hump day. Need something to do while you await the FOMC Minutes? Start with our morning train reads:

• Star Investors Reveal Their Hits and Misses The hard lessons from Rob Arnott, Jeremy Grantham, Howard Marks and Jeffrey Gundlach (WSJ)
• U.S. Dot-Com Bubble Was Nothing Compared to Today’s China Prices (Bloomberg)
• Macro Last Month Was Better Than You Think (The Fat Pitch)
• But What Will the Market Do? (Irrelevant Investor) see also Is there a Relationship Between the Economy and Stock Market? (EconomPic Data)
• A Multimillion-Dollar Markup on a Modigliani (NYT)

Continues here

Shell makes £47bn move for BG Group – live updates

It’s the return of the mega deal as oil giant Royal Dutch Shell announces a recommended cash and shares offer for gas group BG in one of the biggest deals in the sector in the last 20 years

8.49am BST

Investors in Europe have mixed feelings this morning. The FTSE was briefly back above 7,000, but has fallen back a bit.

8.29am BST

More reaction is coming in on the Shell/BG Group