Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2016. REUTERS/Brendan McDermid
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Here are the major questions for markets and investors this week.Saudi Arabia hopes to raise $10bn-$20bn with bankers and investors expecting demand of up to $50bn for a sale of five-, 10- and 30-year bond issues.Establishing bond benchmarks will help the country to tap the debt market often, with the country's first bond sale seen as marking the start of more than $120bn in issuance over the coming years. Wall Street analysts expect companies to disclose another tepid quarter, with profits falling by about 1 per cent from the same three-month period in the previous year, according to data from S&P Global Market Intelligence.Rising gilt yields are also a sign of investor unease, with a quarter of the government debt market held by overseas investors.Since April, the currency has depreciated more than 4 per cent against the dollar and is at its weakest in six years.
FOLLOW THIS ARTICLE