Posted in company, funds, sectors, tickers

June 23

Recession nowhere in sight and on a positive note businesses have continuously paid dividends albeit at lower annualized rates. The energy, vehicles, and railroad infrastructure sectors at the moment are requiring greater chunks of investment dollars since millennial groups are taking over the already more fragmented policy-and-financial structure in each of the fifty American states. Meanwhile, geopolitical uncertainty has posed unprecedented challenges ahead of the defense industries worldwide.

Today in the U.K. citizens voted in a referendum whether to remain in the European Union or leave the trade-committed gild after months of “radical” division.

Posted in company, funds, sectors, tickers

IPOs Europe

Dong Energy, Denmark’s largest integrated energy company listed 17.4% of its stock on the Nasdaq OMX in Copenhagen, raising 17.1 billion kroner ($2.6 billion) at an IPO price of DKK 235 per share. Shares jumped 12% on the first trading day, June 9. The Danish government owns over 50% of Dong.

Oxxy Group Plc, the Norway-based provider of web design and online publishing is readying an initial public offering, expected on a local bourse. Among partner countries of the offering are Bulgarian staff members, a EU website said.

Game Digital Plc (GMD:LN) is listed in the leisure goods sector of the London Stock Exchange. The company’s last closing price was 95 pence for market cap of £145.23 million. The U.K. video game retailer priced its IPO at 220 pence in June 2014.

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Monthly Gains

Markets trimmed earlier weekly gains across major indexes that are still hovering in positive territory on a monthly annualized basis. The U.S. dollar surged to the British pound and the Japanese yen. The euro currency fell 0.63% or 0.0072 to 1.1323 to the dollar.

Restoration Hardware Holdings Inc (RH) fell 20.29% or $7.32 to $28.75 after the luxury home furnishings retailer reported first-quarter net loss of $2.1 million or $0.05 per share compared to net income of $9.8 million or 23 cents earnings last year.

Apple Inc (AAPL) opened its gaming applications and categories to its subscription-based user content. The company will be friendlier to game developers who in turn would create games of higher quality and advantageous features.

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Sidle-up to FRB

The interest rate hike is just around the corner, evident from the latest speech of Federal Reserve Chair Janet Yellen at Harvard University and the slowdown in consumer credit, increasing by only $13.4 billion in April.

Gold prices, while expected to grow in the second year-half, may instead hover at $1,253.00 per ounce. Given the strong U.S. dollar, investing in gold is less risky and so pension funds acquire positions from units like royal funds and many more international groups.

Investors pushed stocks to mid-week gains worldwide, aiming at bigger returns than bond offerings. The technology sector is recovering from earlier segmentation and global hardware revenue is seen rising as much as $2.3 billion this year.