Analytics, 11 December 2019
Daily comment Dec 11
- Wall St opens mixed ahead of Fed rate decision later today
- Its’s the last day of UK election campaign
- Saudi’ Aramco +10% after the stellar IPO
- Disney+ app surpasses 22mn downloads
- Tesla to produce 500k in Germany
- Dropbox’ CCO to step down
- WTI -0.4%
Corporate news:
- Aramco shares jumped 10% to SAR35.2 in the world’s biggest IPO today, increasing the Co’ value to $1.88tn. https://bloom.bg/36qQInq
- Disney (+1.0%): According to mobile app tracking firm Apptopia, Disney+ downloads reached 22mn. https://cnb.cx/2LKEr5k
- Tesla (+1.2%): Tesla is planning to produce 500k cars a year at its Berlin factory. https://reut.rs/38tx0sT
- Dropbox (-2.8%): Chief Customer Officer Yamini Rangan will resign as soon as 3 Jan with a transition payment of $500k. https://bit.ly/2YEvn7p
- US Attorney General expects the DOJ probes of the big tech platforms (Facebook. Google, Apple and Amazon) to be completed next year. https://reut.rs/2PboUxt
Macro:
- Chinese officials expect the US to delay the coming round of tariffs hike. https://bloom.bg/2E891l9
- US CPI for November: +2.1% y/y vs est. 2.0% and 1.8% prior month. Core CPI +2.3% (in-line with est). https://bloom.bg/2EdSHiB
Commodities:
- WTI (-0.4%): US crude inventories rose 1.41mn bls: API data showed.
Coming up:
- On (12/12): The UK election
- On (12/12-12/13): The EU leaders’ summit
- On (12/15): Scheduled date of Imposition of 15% tariffs on China imports by the US