Equities in Asia finished higher across the board led by the Hong Kong Hang Seng Index and Japan's Nikkei 225 Index, which finished 2.0% and 1.7% higher on the day, respectively. By comparison, European equities were mixed at the halfway point in trading today and U.S. futures point to a lower opening later this morning.
The agenda for investors today is pretty much the same as it was yesterday - gridlock in Washington over the next round of pandemic related stimulus, a plethora of corporate earnings, July economic data releases, questions over how the seasonal Back to School season will fare (assuming there will be an actual "back to school"), and the impact of Hurricane Isaias as it sweeps up the East Coast of the U.S. Barring any major progress in Washington today, we suspect those market drivers will remain the same for most of this week, leading the move in equities to twist and turn based on the latest news of the day. Hopefully, by the time Isaias is finished,...
As part of our Summer Bell Series, COVID-19 Solidarity Response Fund CEO Elizabeth Cousens with members of her team from across the country rang the Closing Bell in a special virtual bell ringing ceremony.Jul 20, 2020
Nasdaq Inc. is cleaning up on both sides of the Atlantic.
In the U.S., the stock-exchange operator’s Nasdaq indexes are the country’s best-performing major stock benchmarks this year. In Europe, the Nasdaq-owned Copenhagen exchange’s index is leading the charge.
Like its U.S. counterpart, Denmark’s stock exchange is thriving in a coronavirus...
Today’s Big Picture
Despite the continued climb in coronavirus cases, equities in Asia closed the day mostly higher while European equities are up in mid-day trading following favorable July PMI data for both regions. The Caixin China manufacturing PMI hit its highest point since 2011 while manufacturing growth returned to the Eurozone for the first time in a year and a half. U.S. equity futures point to a positive open when those markets open later this morning.
If you thought last week was a busy one, you are not going to like what we have to share with you this morning. This week brings not only the start of the July economic data, including reports from ISM and IHS Markit, the July Employment Report and ADP's look at job creation in the private sector during the month. Interspersed will be more than 1,500 quarterly earnings reports including another 125 from S&P 500 companies, which means by the end of the...
The Nasdaq Nordic Sustainable Bond Market is flourishing due to our continued commitment to the environment, society and a more responsible future. With over one hundred green and sustainable bonds listed, it is a testament to the extensive integration of sustainable practices amongst Nordic companies.
Nasdaq takes tremendous pride in its sustainable bond listings. The high transparency that characterizes these products makes it easier for investors to invest and manage risk, which goes hand in hand with our overall mission to provide fair, transparent and efficient markets.
In this newly launched series called Green Voices of Nasdaq Nordic, we are providing a platform that allows our green bond issuers and investors to share their stories. This inaugural story shines a bright light on the positive environmental work of Landshypotek Bank. In May 2018 they issued the first green covered bond financing sustainable forestry, delving even further into its niche...
We are committing $3 million for cash donations to organizations providing critical assistance to communities disproportionally impacted by the global health, economic, and social justice crises, including: the Equal Justice Initiative, the NAACP’s COVID-19 project, and World Central Kitchen’s Restaurants for the People program.
The Securities and Exchange Commission today voted to adopt amendments to its rules governing proxy solicitations designed to ensure that clients of proxy voting advice businesses have reasonable and timely access to more transparent, accurate and complete information on which to make voting decisions. The amendments aim to facilitate the ability of those who use proxy voting advice—investors and others who vote on investors’ behalf—to make informed voting decisions without imposing undue costs or delays that could adversely affect the timely provision of proxy voting advice.
“The majority of our Main Street investors participate in our public markets through ownership of mutual funds and ETFs managed by professional market participants,” said Chairman Jay Clayton. “Today’s actions ensure that those who take on the responsibility of investing and voting on behalf of our Main Street investors have the accurate and decision useful information necessary to make...
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This year, we are doing Nasdaq’s annual internship program a little differently. As we navigate the novel COVID-19 pandemic, we have turned circumstance into a learning opportunity for interns joining us this year to participate in meaningful and long-term projects. Through the Nasdaq Futures Internship Program, we offer a variety of professional experiences for emerging talent through an immersive 10 to 12-week virtual internship program.
From Stockholm to the U.S., meet few of the bright minds joining us digitally from all around the world. They are playing integral, hands-on roles to help Nasdaq Rewrite Tomorrow.
This week, we are talking with Olivia Manna, a senior at SUNY Purchase College majoring in music, vocal performance with a minor in journalism and communications. She is an intern with the MarketSite Client Experience and Events team.
Tell us a little bit more about your role at Nasdaq.
In moments of crisis, communication and culture are critical to a company’s success. Former Cisco Chairman and CEO John Chambers shares lessons learned in conversation with Nasdaq ’s SVP of Listings Jeff Thomas. Listen in our latest episode of Nasdaq’s Tomorrow’s Capital.
The Nordic countries are often perceived as forerunners of sustainability. Nordic institutional investors have long recognized environmental, social, and governance (ESG) factors as key drivers of value, while issuers in the same region consistently rank high in global sustainability ratings.
Research shows that companies that provide ESG-related data and participate in key sustainability indexes are increasingly attractive investment targets. It also shows that ESG-themed investments not only outperform, but also withstand market volatility and downturns.
Nasdaq plays a key role in supporting the transition towards more sustainable capital markets. Our Nordic markets have pioneered our ESG efforts through a number of product and service launches in recent years, and we remain fully committed to exploring new ESG opportunities across Europe and globally for years to come.
Explore Nasdaq´s global sustainability strategy >...
You and your character will travel to cities all around the world. Each location you go to is home to a Nasdaq office. Find all the hidden Nasdaq ‘N’s on your journey.
We are committed to advancing equality in the workplace by attracting and retaining a diverse workforce. With a wide range of backgrounds and experiences, our employees help us create a competitive advantage that differentiates and elevates everything we do.
Recently, the U.S. Securities and Exchange Commission (SEC) announced a proposed amendment to quarterly disclosure of equity holdings on Form 13F, increasing the disclosure threshold from $100 million to $3.5 billion. We appreciate the SEC’s efforts to mitigate administrative costs for institutional investment managers. However, as a longtime advocate for reforming the U.S. capital markets, we believe that the reduced transparency resulting from this proposal could be harmful to public companies and investors.
The SEC has suggested that the proposal would reduce the number of filers by nearly 90%, but would retain disclosure of over 90% of the dollar value of holdings data currently disclosed through Form 13F. However, Nasdaq estimates that of the approximately 50,000 buy-side institutions, nearly 80% do not currently disclose via Form 13F . The proposal would prevent investors from accessing data for an additional $2.3...
This article was first published in Law360 on July 20, 2020.
By Ed Knight and Tom Quaadman
The U.S.economy faces major long-term challenges when it comes to business creation and entrepreneurship. Since the 2008 financial crisis, we haven’t seen the same historic rate of businesses being started.
In addition, over the last two decades, a U.S. Chamber of Commerce study revealed that there has been a steady decline (roughly 50%) in the number of public companies in theU.S.. In other words, we aren’t seeing businesses start and grow in the same way we used to.
This is troubling since growing businesses have historically provided the innovation and job creation that we so desperately need.
Today, public companies are more vital than ever. In a time of coronavirus closures and economic uncertainty, it’s important to remember that public companies in the U.S. employ an estimated...
At the beginning of June, ZoomInfo (ZI), which provides a cloud-based market intelligence platform for sales and marketing teams, made its trading debut on the Nasdaq Stock Exchange. ZoomInfo Founder and CEO Henry Schuck shares what it was like to go public in the midst of a global pandemic -- and why doing so virtually made it even better in some ways.
1. How did you prepare for IPO Day?
The weeks leading up to the IPO were packed with video meetings and presentations for potential investors on our virtual roadshow. Due to the pandemic, I couldn’t go into the ZoomInfo office in Vancouver, Washington. Instead, we had our video team turn my home office into a temporary studio, so I could conduct all my meetings and interviews from there. In fact, it was very efficient to conduct the roadshow meetings and media interviews virtually.
Nasdaq’s Closing Cross is a daily occurrence in the US markets and the annual rebalance of FTSE’s Russell’s equity indexes has become one of the most anticipated and heaviest trading days of the year. While the Closing Cross process is the same from a systems perspective, this annual reconstitution was unlike any other. The COVID-19 pandemic forced Nasdaq Technology Operations to work remotely this year, making it more critical than ever for the teams to have the process “down to a science,” ensuring that year-long preparations for this annual event resulted in a successful rebalance.
The Russell Reconstitution, which took place at the close of U.S. equity markets on June 26, rebalances three massive stock indexes, including the Russell 3000, which tracks 3,000 of the largest U.S.-traded stocks, the Russell 1000, which is comprised of 1,000 of top companies by market capitalization, and small-cap index,...
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