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The funds, according to the Better Markets review of more than 25 years in data, have historically caused an uptick in futures market prices as they periodically exit expiring contracts and roll into a new batch of deals.
Although the total amount in the first batch of deals signed on Monday was small, less than 14 million renminbi, or $2 million, state media said around 400 Chinese companies had already won approval to conduct renminbi business and predicted that the program would have huge potential.
As if to confirm that, another batch of deals was announced just after the quarter ended on March 31, including Vivendi's $11.3 billion buyout of Vodafone's stake in SFR of France, an $11.3 billion rival bid for NYSE Euronext by the Nasdaq OMX Group and IntercontinentalExchange, and Texas Instruments' $6.5 billion takeover of National Semiconductor.
Recent batch of deals creating headaches: Apollo-owned casino giant Harrah's avoided bankruptcy via debt exchange in April.
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Investors are taking in a fresh batch of deal news and earnings reports–as well as the latest reading on the gross domestic product, which wasn't so hot.
A flurry of deals in 2008 brought in Jet Tours (£56m), Canada's TriWest Travel (£57m), Hotels4U (£22m) and Gold Medal (in two batches: £25m plus £47m).
The U.S. firm announced a similar batch of investment deals back in late 2015, and this latest round of deals comes off the back of some serious politicking in China, a market that accounts for more than half of its revenue.
The Pentagon's F-35 program office said it remained in negotiations with Lockheed over long-delayed contracts for the next two batches of F-35 jets – deals worth about $15bn.
Channel Intelligence represented the largest deal of the batch, with Google paying $125 million to continue its charge on the eCommerce front as well.
Four players each receive 13 cards in batches of four-four-four-one; the last cardealtltothethe dealer is turned faceup to establish a preferred trump suit.
And central government is betting on big-city regions to drive growth, as the recent batch of "City Deals" giving metropolises more powers and cash made clear.
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