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  • Business
    Bloomberg

    Blank cheque firms in Singapore test alternative option to US

    Two SPACs are set to start trading in Singapore this week. The challenge now is to attract others that might still be considering going to the US market.

  • Business
    FX Empire

    Relative Strength Chart Reveals Nasdaq Is Losing Its 20 Years of Leadership

    Based on the monthly relative strength chart from 2000, Nasdaq Composite (IXIC) is about to lose its 20-years of leadership to S&P 500.

  • Business
    Reuters

    Analysis-Physical crude oil market steams ahead after Omicron blip

    Frantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said. Prices for physical cargoes do not always trade in tandem with oil futures and when differentials widen rapidly and considerably, they can indicate speculators have oversold or overbought futures versus fundamentals. Brent oil futures have jumped 10% since the start of the year but the physical market is still racing ahead, with differentials for some grades hitting multi-year highs, suggesting a tight market will push the futures rally on.