Crude marches on

By: Miguel A. Rodriguez

10:35, 02 August 2021

Private equity firm CD&R readies Morrisons counter-bid.
  • U.S. West Texas Intermediate and international benchmark Brent crude oil futures finished higher, led by the global benchmark which topped the $75 a barrel level, putting it in a position to challenge its July top at $76.
  • Private equity firm Clayton, Dubilier & Rice is poised to start a bidding war for the British supermarket chain Morrisons, the target of an $8.8 billion offer from a U.S. group.
  • China’s role as a key driver of the Australian dollar is being re-evaluated in global markets, helping send the currency to levels well below where traditional modelling suggests it should be.

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.