DAILY MARKET REPORT

DAILY MARKET REPORT

FedEx shares plunged to more than 5% on Tuesday after the shipping giant reported a second-quarter earnings miss. Revenue: $17.3 billion vs. $17.66 billion expected & Adjusted earnings per share: $2.51 vs. $2.78 expected. EQUITIES Japanese shares ended lower on Wednesday after data showed that the trade-reliant economy’s exports shrunk for the 12th straight month...
DAILY MARKET REPORT

DAILY MARKET REPORT

Today, the voters go to polls in an election that will cover the plan for Brexit under Prime Minister Boris Johnson or move Britain via another referendum that could eventually change the decision to transmit the European Union. EQUITIES UK shares and European shares rose slightly on Thursday as investors awaited the outcome of a...
DAILY MARKET REPORT

DAILY MARKET REPORT

Saudi Aramco (SE: 2222) IPO begins trading on Tadawul Exchange (Saudi Exchange). Shares surge 10% on their debut. EQUITIES Shares in Aramco, the Saudi-owned oil giant, spiked 10% Wednesday when they hit the market in the world's biggest-ever IPO. The shares leapt to 35.2 riyal ($9.39) each, up from the IPO price of 32 riyals...
DAILY MARKET REPORT

DAILY MARKET REPORT

Former Managing Director of the International Monetary Fund Christine Lagar delivers her first monetary policy announcements as ECB president on Thursday. Markets are not expecting any changes to monetary policy after the ECB announced fresh stimulus in September. EQUITIES Asian markets traded lower on Tuesday as investors and traders are awaiting clues about the status...