U.S. markets traded lower, but off their intraday lows, on Tuesday, with Wall Street slumping in the face of uncertainty around efforts to overhaul tax policy and a downturn in crude-oil futures. The Dow Jones Industrial Average traded off 30.23 points, or 0.1%, to 23,409, but the blue-chip gauge had been down by as much as about 170 points on the session. Declines in shares of Goldman Sachs Group Inc., Apple Inc., Walt Disney Co. and DowDuPont Inc. dragged the average lower.
U.K.stocks also closed with a tiny loss on Tuesday, with miners weighing the most after Chinese data suggested economic growth in the world’s second-largest economy is slowing down.
Airbus has struck its biggest single deal with an order for 430 aircraft worth $49.5bn.
Indigo Partners, whose airlines include Europe's Wizz Air and Volaris in Mexico, is buying Airbus's medium-range A320neo family of aircraft.The order comes after a long and difficult week for Airbus.Indeed A380 announcement was cancelled minutes before a press conference convened. It is thought that Emirates asked for last-minutes changes.
The Indigo deal more than doubles Airbus's existing order book for the year, which stood at about 290 aircraft as of the end of October.
Airbus makes the A320 family at different sites around the world, including its main factory in Toulouse, France, as well as in Hamburg, Germany. The company also builds the plane at an assembly line in China, and has recently pushed into the U.S. with a plant in Mobile, Alabama.
The Indigo deal more than doubles Airbus's existing order book for the year, which stood at about 290 aircraft as of the end of October.
Hong Kong: A New Journey for the ‘New Economy’ IPO’s
The Gaming Company Razer, which is best known for its gaming laptops and computer mice, made its debut in Hong Kong on Monday. Razer’s shares traded at HK$4.69 ($0.60) more than 20 percent above the company's issue price.Prior to its debut, retail demand for Razer's IPO had exceeded the number of shares offered to the public by 291.24 times, the company said last week.Razer CEO Min-Liang told CNBC that going publicwould give the company a great chance to make further investments in research and development, and to develop more new products. Indeed the company released its first smartphone on November.
Razer's debut followed China Literature's public offering on the Hong Kong Exchange last week, which saw the online literature and e-book platform close up nearly 90 percent on its first day of debut. IPO market in Hong Kong boomed due to the optimistic investors view about the future of the “New Economy’.
Disclaimer:
This article was issued by Linda De Luca, Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.