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Investing.com – Markets will be focused this week on the release of the US core Personal Consumption Expenditure (PCE) index on Friday, along with the personal income and spending indexes.
This comes one day after the release of the final reading of the gross domestic product during the second quarter of this year, in addition to a speech from Federal Reserve Chairman Jerome Powell.
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As for the euro zone, investors will follow the release of the Ifo business confidence index in Germany on Monday, and then the preliminary inflation data on Thursday, in addition to a speech from the President of the European Central Bank during a conference in Paris.
In Saudi Arabia, investors are following Lumi Car Rental stock on its first day in the Saudi market, where it has now jumped by 30% to 85.8 Saudi riyals. The daily price fluctuation limits are 30% increase or decrease, with fixed price fluctuation limits applied at 10% increase or decrease. These limits will be applied only during the first three days of listing, and starting from the fourth day of trading, the daily price fluctuation limits will be reset to 10% increase or decrease, and the fixed price fluctuation limits will be cancelled.
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Important statements and a speech by the Federal Reserve Chairman
This week, the markets are awaiting important data that will influence the decisions of the US Federal Reserve and the European Central Bank regarding monetary policies.
Monday
European Central Bank President Christine Lagarde is scheduled to make statements today. In addition to statements also from the European Central Bank member, Isabel Schnabel.
Ifo Business Confidence Index in Germany.
Tuesday
Fed members Neel Kashkari and Michael Bowman are scheduled to speak.
Building permits in America
US consumer confidence index for September.
US new home sales in August.
Wednesday
Non-monetary policy meeting of the European Central Bank.
Speech by Andrea Enera, member of the European Central Bank.
Durable goods orders in America
US crude oil stocks
Thursday
Monthly report issued by the European Central Bank.
US unemployment claims.
US GDP (quarterly) (Q2).
Pending home sales index in America.
Speaking by Lisa Cook, US Federal Reserve Member.
Speech by Jerome Powell, Chairman of the US Federal Reserve.
Friday
British GDP.
Speech by European Central Bank President Christine Lagarde.
Preliminary inflation data for the region.
The US Personal Consumption Expenditures Price Index, which is the US Federal Reserve’s preferred measure of inflation.
US Michigan Index readings.
Speech by US Federalist John Williams.
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Lome Car Rental Company’s shares jumped by 30% during these moments of trading, today, Monday, with the start of listing and trading of the company’s shares on the main market, with the trading symbol 4262 and the international symbol SA15SH122J13. The daily price fluctuation limits are 30% increase or decrease, with fixed price fluctuation limits applied at 10% increase or decrease.
These limits will be applied only during the first three days of listing, and starting from the fourth day of trading, the daily price fluctuation limits will be reset to 10% increase or decrease, and the fixed price fluctuation limits will be cancelled.
The subscription period for individual investors, which took place on September 12, 2023, witnessed the subscription of 124,888 investors at the final offering price of 66 riyals per share, as the total demand from the segment of individual investors reached 1.25 billion riyals, almost ending with coverage amounting to 11.5 times.
The number of shares allocated to the individual investor segment reached 1.65 million shares, representing 10% of the total offering shares.
At the same time, HSBC Saudi Arabia (LON:) in its capacity as the financial advisor, offering coordinator, lead manager, institutional bookrunner and underwriter in the initial public offering of Saudi SAL Logistics Services Company “SAL”, announced the determination of the price range for the offering and the start of the construction process period. Order history for the enterprise segment.
The company said in a statement on the Saudi Tadawul on Monday that the price range was set between 98 and 106 riyals per share.
The process of building the order book for the institutional segment begins today, Monday, September 25, 2023 AD, until 2:00 PM, Kingdom time, on Sunday, October 1, 2023 AD.
2023-09-25 08:05:00
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