Capital Access has launched its quarterly survey. The survey focuses on consensus forecasts for listed companies and how investors use these post-MiFID II. All responses are appreciated greatly and there is a prize draw for a bottle of champagne, should you be the closest guess to the FTSE 100's level come June 2018.
Asian tech shares were spooked overnight by a warning from Taiwan Semiconductor, the world's largest chipmaker, saying the market is slowing down. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8%, weighed on by a fall in tech stocks. Japan's Nikkei regained ground to rise 0.1%.
Japan's Nikkei hit a seven-week high, as a meeting between Donald Trump and Japanese Prime Minister Shinzo Abe came to an end. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.8%.
Data out today: U.K. retail sales, G20 Finance and Central Bank Deputies meeting
Capital Access today launches its fourth quarterly survey focusing on the current position and outlook for consensus forecasts for listed companies.
On 4th October 2017 we published a short article highlighting the risks posed by MiFID II constraints on the public provision of consensus forecasts. At that time, ahead of the implementation of the new regulations, we speculated that putting analysts’ research behind a paywall would reduce the amount of data provided to third parties such as Bloomberg.