Market Analysis Video

 

Not the best IPO

Alibaba-backed Best Inc. cuts expected IPO price range. Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand. Wall Street opened slightly higher on Tuesday amid growing optimism. Gold prices unchanged, markets eye FOMC statement. Among today’s economic events are the EUR Economic Bulletin, the BoJ Interest Rate Decision and the USD Initial Jobless Claims and Continuing Jobless Claims, measuring the numbers of people filing for first-time claims for state unemployment insurance and individuals who are unemployed and are currently receiving unemployment benefits. Alibaba's Best slices forecasts - Alibaba-backed Best Inc cuts expected IPO price range. Investor sentiment optimistic ahead of Fed meeting - Wall Street opened slightly higher on Tuesday amid growing optimism. Gold traders continue to wait for Fed - Gold prices unchanged, markets eye FOMC statement. BMW - Less Volatility may be expected. Summary: Strong Buy. EUR/USD - Less Volatility may be expected. Summary: Strong Buy. GBP/USD - High Volatility may be expected. Summary: Strong Buy. Crude Oil - Less Volatility may be expected. Summary: Strong Buy. Read More +
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