Snap’s shares slide 3% in premarket trading as lockup ends

Shares of Snap Inc, owner of the Snapchat messaging app, fell 3 percent in premarket trading on Monday as a share lockup ended, allowing for sales by early investors and pushing it further below its March initial public offering price. Starting on Monday and extending into August, early investors, employees and other insiders will be […]

Adidas shares are surging

Adidas is once again proving its mettle against Nike after once again lifting its profit forecast. Shares in the German sportswear company were up 8.62% in Frankfurt, changing hands at €192.30, extending a three month gain of 3.37%. Adidas Friday in an ad hoc statement said that it now expects sales to grow at a […]

Tech stocks pull down European markets after Amazon miss

European markets were pulled down by technology stocks Friday after Amazon worse-than-expected earnings Thursday sent waves through the sector. The Euro Stoxx 600 Technology index was 1.63% down at 11:17 BST, compared with a year-to-date increase of 13.61% and outpacing the fall of 1.15% in Stoxx 600 index. Chip equipment maker ASML Holdings was down […]

After 3-year break, Greece returns to bond market with 5-year bonds

Greece will return to the bond market after a three-year hiatus, banking on investor interest in its recovery story. The country, which was the epicentre of the European sovereign crisis that began in 2009, is looking to sell five-year bonds, according to an Athens Stock Exchange filing. It is also inviting holders of 4.75 percent […]

Global shares mixed as attention turns to fed meeting

Global shares meandered Monday as market attention turned to the U.S. Federal Reserve meeting later in the week. Japanese shares languished as the yen strengthened against the dollar. KEEPING SCORE: France’s CAC 40 edged down nearly 0.2 percent in early trading to 5,110.17. Germany’s DAX was also lower at 12,208.73, down 0.3 percent. Britain’s FTSE […]

Positive corporate results strengthen investor sentiment in Nigerian equities

The overall attitude of investors toward Nigerian equities strengthened Thursday as market breadth (advancers/decliner’s ratio) rose to 1.5x from Thursday’s close of 1.0x after 29 stocks advanced against 19 decliners, thus pushing the benchmark index up 0.5%. The general tone of the market revealed a positive belief about future outcomes and risks (though not justified […]

China bulls keep stocks near record high

Strong data from China kept world shares near a record high on Monday, sent copper to a 4-1/2 month peak and left emerging market stocks buyers cheering a near five percent gain in the last five days. Figures from Beijing showed China’s economy grew at a faster-than-forecast 6.9 percent year-on-year in the second quarter thanks […]

NSE goes live with Nasdaq SMARTS Market Surveillance Technology

Nigerian Stock Exchange (NSE) together with Nasdaq officially announced the launching of a new market surveillance platform powered by SMARTS, Nasdaq’s flagship surveillance solution. According to report by koreabizwire.com, the technology amongst other things, enables NSE to proactively monitor market manipulation (including spoofing and layering), detect and deter manipulative tendencies, gather intelligence, carry out traders’ monitoring […]