It is far less than the $ 2 billion reported by the company to increase earlier this year. The company…
It is far less than the $ 2 billion reported by the company to increase earlier this year. The company did not specify when it is expected to debut on the New York Stock Exchange.
It would still be the third largest Chinese stock market launch in the US since the beginning of 2018, according to data provider Dealogic. Streaming video platform iQiyi (IQ) increased $ 2.3 billion and social shopping app Pinduoduo (PDD) increased 1.6 billion dollars.
The company, which dominates music streams in China, is owned by the Chinese internet giant Tencent (TCEHY). Tencent’s shares were trading 1.1 percent higher in Hong Kong.
2nd Trade truce confusion: Investors are trying to figure out exactly what the United States and China agreed on during the G20 summit in Argentina.
The language used in the Trump Administration Notification of Trade Detention was much different from the Chinese Government’s statements, especially about Beijing’s promises to buy more US goods and the ability to remove existing fees. There is also confusion as to whether China has agreed to reduce tariffs on cars imported from the United States.
“Such inconsistent messages will lead to markets guessing and struggling to reach a conclusion, leading to volatile price measures in financial assets,” said Hussein Sayed, Marketing Manager at FXTM.
3rd Global Market Overview: US stock options were lower.
European markets opened in negative territory, while stocks in Asia ceased to blend. Japan’s Nikkei shed 2.25% and Korea’s Kospi dropped 0.8%, while shares in China reported modest gains.
US oil utilization increased 2.4% before an important meeting between Saudi Arabia’s led OPEC and Russia later this week. Investors expect that the oil-producing countries agree to collaborate on production cuts.
The British pound received 0.7% against the dollar after legal adviser to the supreme court of the European Union argued that the British government has the opportunity to unilaterally stop the Brexit process. [1
9659011] Dowen climbed 1.1% on Monday, reinforced by signs of a trade weapon between the US and China. S & P 500 increased by 1.1% and Nasdaq increased 1.5%.
China-focused stocks were the largest recipients of the rally. Apple (APPL), Boeing (BA), Caterpillar (CAT), Deere (DE) and Nvidia (NVDA) all closed significantly higher.
US markets will be closed Wednesday for National Mourning Day to honor former President George H.W. Bush.
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4. Company: Bank of Montreal (BMO) and Dollar General (DG) will release profits before the opening. Hewlett Packard Enterprise (HPE) will follow after the end.
5. Coming Week:
Tuesday – Bank of Montreal (BMO), Dollar General (DG) and Restoration Hardware (RH) Profit
Wednesday – US Financial Markets Closed
Thursday – OPEC meeting Kroger (KR), Ulta (ULTA) and Broadcom (AVGO) profit; Trial for Government Appeal of the AT & T-Time Warner Agreement Starting
Friday – Job Number