Latest news update: BuzzFeed stock fluctuates on the first day of listing on NASDAQ

What to see in asia today

Japan: The country released household expenditure data for October, which is an important indicator of economic activity and confidence. It is expected to be 2.8% higher than in September, but still 3.9% lower than in October last year.

Australia: The Reserve Bank of Australia made a monetary policy decision today, setting the country’s cash interest rate target. It will also assess the country’s current economic situation in its monetary policy statement. The target is expected to remain unchanged at 0.1%, which has been set since November 2020.

market: Wall Street stocks rose on Monday, led by travel stocks, as fears that the Omicron coronavirus variant will cause a new lockdown have eased. The S&P 500 index rose 1.2% on Monday and closed down 0.8% on Friday. The technology-focused Nasdaq Composite Index closed up 0.9% on Monday. The Australian stock market rose in early trading, while Hong Kong futures rose.

As the market reassesss the risks of Omicron, travel stocks lead Wall Street higher

Wall Street stocks rose on Monday, led by travel stocks due to concerns Omi Kron The coronavirus variant will cause the new lockdown to relax.

The S&P 500 index rose 1.2% on Monday and closed down 0.8% on Friday.

Travel-related stocks rose, with Norwegian Cruise Line, United Airlines, Royal Caribbean Cruises and Carnival all rising more than 8%.

On Sunday, Dr. Anthony Fauci, Chief Medical Advisor to US President Joe Biden Call Early signs of the “encouraging” severity of Omicron.

He told CNN, “We are sure that there will be a certain degree or even a considerable degree of protection” and booster jabs. While scientists are waiting for conclusive data, the Omicron market may fluctuate.

The technology-focused Nasdaq Composite Index closed up 0.9% on Monday. In the past two weeks, the Nasdaq index has been lagging behind the S&P 500 index and its gains have narrowed.

As debt prices fell, the benchmark 10-year US Treasury bond yield rose by 0.09 percentage points to 1.43%.

Read more about the market trend of the day here.

Saudi Aramco to raise US$15.5 billion through the sale of shares in the natural gas pipeline business

Saudi Aramco announced a deal to sell a minority stake in a newly formed natural gas pipeline company to a consortium of investors, raising US$15.5 billion.

The world’s largest oil producer said on Monday that it would sell shares to the investment management department of the BlackRock-led group and the Saudi government agency Social Insurance General Organization.

The transaction marks Saudi Aramco’s second major pipeline transaction this year as it seeks to monetize assets and create cash for its major shareholder government.

Earlier in the day, the CEO of the company called on global leaders at the World Petroleum Congress in Houston to continue investing in fossil fuels in the next few years, otherwise they will face the risk of rising inflation and social unrest, which will force the company to announce this information. They abandon emission targets.

Read more about Saudi Aramco’s warning here.

BuzzFeed stock fluctuates on the first day of listing on NASDAQ

BuzzFeed’s first trading hour as a listed company proved to be volatile, and the stock price fell from an earlier increase of more than 50% to a negative area.

The media group went public on Monday through a merger with a blank check company or Spac, and most of the company’s investors had withdrawn from the company before going public.

BuzzFeed shares rose 53.5% in the first hour of trading on Monday to an intraday high of $14.77. By late in the morning, they reached $8, which was 16.8% lower than Spac’s adjusted closing price of $9.62 on Friday.

The stock price fell 8.9% in late afternoon trading.

Spacs was one of the most popular products on Wall Street earlier this year, but it has recently lost the favor of investors.

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