The day will feature earnings reports from consulting group Accenture, chipmaker Micron and cruise operator Carnival. stock markets are set to open modestly higher, supported by comments late Wednesday from President Donald Trump that a trade deal with China was “getting closer”. Smiledirect has fallen 30% since listing two weeks ago while Slack has fallen 24% in the last month.Įntertainment group Endeavor Group Holdings (NYSE:EDR) is due to price its IPO later, against a backdrop of reports it is considering a price below the bottom end of its marketing range. That comes as something of a relief to the equity capital markets after the unravelling of We Company’s IPO in recent days, not to mention the poor performance of a number of this year’s banner IPOs. That gave it a valuation of $8.2 billion. Peloton keeps the IPO market ticking overĮxercise bike-maker Peloton raised $1.16 billion in its IPO, selling 40 million shares at the top end of its marketing range of $26-$29. It’s raised the overnight funds on offer from $75 million to $100 million and has doubled the size of a similar two-week operation raised from $30 million to $60 million.Ĭhicago Fed President Charles Evans said Wednesday that a “flat out larger balance sheet” could be the answer to the problem of money-market volatility, but declined to be drawn on whether that would take the form of renewed outright purchases (quantitative easing) or new standing facilities that banks could use on an ad hoc basis.Ģ. The Federal Reserve will offer bigger injections of cash to the financial system later to smooth over the volatility that has plagued short-term funding markets for the last two weeks. Here's what you need to know in financial markets on Thursday, 26th September. And there's earnings due from Accenture (NYSE:ACN), Micron (NASDAQ:MU) and Carnival (NYSE:CCL). European Central Bankers meanwhile get the chance to comment on another shock resignation by one of its German officials. The Fed steps up its efforts to calm short-term funding markets, and gets plenty of opportunities to talk about the issue.
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