Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.34 | +0.46 | +0.40 | +0.54 | +0.40 | +0.40 | +0.40 | +0.50 | +0.50 | +0.50 | +0.62 | +0.50 |
The communication sector is trading upbeat this month, anchored by Deutsche Telekom’s $13 billion record IPO—the largest in the sector’s history—which has buoyed investor confidence and signaled strong demand for telecom assets. This landmark transaction has lifted valuations across the space, reinforcing the sector’s resilience amid broader market volatility. The positive read reflects both the deal’s scale and its demonstration of robust investor appetite for established communication infrastructure.
How this mood is scored ▾
President Clinton signed the first comprehensive rewrite of communications law since 1934, opening local phone, long distance and media markets to competition. The act triggered a torrent of mergers, CLEC startups and network buildout that defined late-1990s capital markets. Telecom would become the decade's biggest source of equity and debt issuance.
In 1996, Deutsche Telekom raised $13 billion in the largest IPO ever, with Goldman Sachs as joint global coordinator. The German government retained majority ownership, listing shares in Frankfurt, New York, and Tokyo. The oversubscribed offering signaled strong investor confidence and marked a milestone in European telecom privatization.