Discount grocery chain Aldi is now the UK’s sixth-largest grocer, a survey finds, overtaking upmarket chain Waitrose.
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)
Heterogeneous Central Banks and Markets
David R. Kotok
Cumberland Advisors, April 6, 2015
Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at £47bn.
Hackers are using the ISIS name to give their attacks on the WordPress platform notoriety, the FBI warns. But ISIS is exploiting websites en masse too, according to various security groups.
Labour would abolish the non-domicile rule, which allows some wealthy UK residents to limit the tax paid on earnings outside the country, Ed Miliband is to announce.
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
Investors in Europe have mixed feelings this morning. The FTSE was briefly back above 7,000, but has fallen back a bit.
More reaction is coming in on the Shell/BG Group
Greece’s Prime Minister Alexis Tsipras arrives in Moscow for talks, as his country remains under pressure over its international bailout.