From the Securities Lending Trading Desk

In the Americas, SQM is expected to be a long term focus of demand as they are one of the top four companies controlling the roughly $3 billion global lithium market. In Asia, analysts predict that shares in the smartphone manufacturer, Xiaomi Corp, could fall further if the company loses market share to Huawei. In Europe, A mixed week for UK energy firm Ophir as it loses a key exploration license and then receives a takeover offer.

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From the Securities Lending Trading Desk

In the Americas, Tencent Music, which owns the four largest music apps in China, has seen lending volumes and fees jump after the Chinese manufacturing sector reported its first contraction in 2 years. In Asia, we have seen strong long term lending demand for Pilbara Minerals Ltd following a 38% decline in its share price in 2018. In Europe, China slowdown weighing on European luxury sector.

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Did 2018 Have it all for Securities Lending?

For some commentators, this year has had it all!  It was the year that Apple Inc. became the first public company to reach the $1 trillion market cap level, the VIX nearly hit 50 for the first time since 2015, the cryptocurrencies bubble burst, global equity markets suffered a torrid time and Tesla Inc nearly went private. It was also a year where we faced unprecedented geopolitical news.

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From the Securities Lending Trading Desk

In the US, as directional demand for Buckle(BKE) continues to be strong for the struggling retailer combined with high market utilization, fee levels have remained elevated. In Asia, Samsung Group’s biotechnology arm surged last week after it avoided a delisting. Bonmarche (BON LN) also suffered this week as the retailer blamed Brexit for a lack of trade

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From the Securities Lending Trading Desk

In the US, with the deal expected to close in Q1 of 2019, trading volume and velocity of SIRI shares have increased. In, Asia, Takeda Pharmaceutical’s shareholders approved a $62 billion acquisition of Shire Plc, enabling the company to continue its quest to become a global drug giant. In Europe, A seesaw week for Thomas Cook as Moody’s downgrades the travel operators outlook to negative.

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From the Securities Lending Trading Desk

In the US, ROKU is trading at roughly three times their IPO price while ARLO is half of what it was in August. Shares in Japan’s largest messaging platform company soared last week after the Nikkei newspaper reported a tie-up with Chinese tech giant Tencent Holdings. In Europe, Viceroy Research rocks another South African firm with a new report citing accounting inconsistencies.

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From the Securities Lending Trading Desk

Amidst a rocky week in the US stock market, Pinduoduo’s ADRs bucked the trend and reported extraordinary growth. One of China’s largest smartphone makers delivered strong revenue results in the third quarter despite a slowdown in the global market. In Europe, The Restaurant Group’s (RTN LN) potential takeover of Wagamama continued to divide shareholder opinion as large shareholders released their views on the potential deal.

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From the Securities Lending Trading Desk

In the US, YETI has been unable to sustain their IPO price of $18.00. In Asia, We have seen strong long term lending demand for Takeda Pharmaceutical Co. French firm, Vallourec, has been part of a number of oil industry suppliers who have suffered due to a recent downturn as producers cancelled and deferred projects.

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From the Securities Lending Trading Desk

In the US, Sessions, who had been vehemently against marijuana legalization, announced his resignation on Wednesday. Shares in Toshiba Corp surged in Tokyo trading after it announced plans to reinstate its dividend and exit a troubled LNG investment. Potential M&A activity is heating up in the UK.

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