Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
European equities sag
On Friday, European financial stocks dived after a delayed vote on tax reform in America deflated a soar in the sector, thus forcing regional benchmarks to start December with a descend.
Euro zone stocks STOXXE headed south 0.6%, while Britain's FTSE that has been affected by a strong pound this week, edged down 0.1%.
Financials turned to be the biggest weight after the U.S. Senate postponed a vote on a tax reform bill, which traders consider to be beneficial for financial institutions.
Lloyds, BNP Paribas and Barclays brought the index down.
UK pharma company Indivior rallied 11.7% right after its opioid addiction medicine was officially approved by the US Food and Drug Administration.
Meanwhile, struggling French telecom company Altice, whose equities dived 59% in November after gloomy results, inched up 4.6% after the company told it would sell data center as well as Swiss telecoms businesses for the purpose of reducing its 50 billion euro debt pile.
Similar
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Latest news
Nonfarm Payrolls is in Focus Today
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
No More US Debts in Sight
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
Gold Rises as Central Banks Buy More
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
