Zabka Group SA Shares Surge Then Slide on Warsaw Debut
Shares in Zabka Group SA initially surged but quickly lost steam, indicating a tepid debut in Warsaw. This marks Europe’s fourth-largest IPO of the year.
Articles for category: Business
Hyundai Motor India’s IPO Oversubscribed Amid Strong Institutional Demand
Hyundai Motor India Ltd. saw its record initial public offering oversubscribed more than two times on Thursday. This surge was fueled by robust demand from institutional investors, although interest from smaller investors remained lukewarm.
ECB Slashes Interest Rates Again Amid Growing Economic Concerns
The European Central Bank is preparing to cut interest rates for the second consecutive meeting. This decision comes as inflation continues to fall quickly, but the economy shows signs of weakening.
Iron Ore Drops as Investor Confidence in China’s Recovery Wavers
Iron ore prices have fallen to a three-week low as investors express concerns that China's recent efforts to support the property market may not be sufficient to increase construction activity and steel demand.
Chinese Stocks Slip into Correction After Disappointing Policy Briefing
Chinese stocks dropped significantly, entering a correction phase after a widely awaited policy briefing fell short of expectations. Investors were hoping for pro-growth stimulus measures, but the announcement did not deliver the support needed, leading to widespread sell-offs in the market.
Gold Hits Record High Amid Tight Presidential Race and US Data
Gold prices soared to a record high as traders anticipated key U.S. economic data later today. The growing uncertainty from a closely contested presidential race has also heightened demand for safe-haven assets.
Oil Prices Stabilize Amid Middle East Production Concerns and China Briefing
Oil prices steadied today after four days of declines. Traders are weighing potential risks to production from the Middle East. However, another briefing from China left some investors feeling underwhelmed.
Asian Stocks Retreat as Chinese Property Market Hopes Fade
Asian equities lost some momentum today as gains in Chinese stocks faded. This followed a press briefing from various ministries that left investors disappointed regarding the state of the property market.
BHP Iron Ore Output Increases 2% Amid Supply Concerns
BHP Group Ltd. announced that its iron ore output increased by 2% in the first quarter compared to last year. This rise in production comes as major miners boost their output, raising concerns about potential over-supply in the market.
Treasury Futures Unwind Sparks Renewed Bond-Market Wager Interest
Traders are unwinding their positions in Treasury futures, which could reignite a popular bond-market strategy. This comes as expectations for large interest-rate cuts by the Federal Reserve are being scaled back.
