17th February 2021

Super Mario to the rescue again! 🇮🇹

Dear Reader,

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, compiled by hand to exclude the clutter and ensure you get up to speed in under a minute.

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[Semiconductors] The cold wave that is ripping through Texas has forced the closure of several semiconductor factories near Austin. Samsung Electronics halted operations of its plant with no return date set, in addition to several other manufacturers. The Austin energy provider urged factories to close due to severe power outages across the state. 

Over60: Nikkei Asia

[Investing] Goldman Sachs is providing its investment services to retail customers via its Marcus offering. Through Marcus Invest, investors can start buying exchange-traded funds, as the company focuses on offering passive investment strategies.

Over60: CNN

[Markets] Just last week, share trading volumes in Amsterdam overtook those in London. Reports now suggest that Amsterdam will be the European hub for all SPAC activity. LVMH founder Bernard Arnault has already picked Amsterdam as the venue for his new blank cheque company. 

Over60: FT

[Sovereign Debt] Italy’s new €10 billion 10-year bond sale received record demand as the country received bids in excess of €110 billion. Investors have increased their optimism over the long term prospects of the Italian GDP as Mario Draghi looks to repair the economy. The bonds were priced at a yield of 0.604%, one of the lowest yields to date. 

Over60: FT

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