European markets started the week on a positive note, buoyed by overnight trade in Asia-Pacific.
Oil giant led by COP28 boss to spend an ‘eyewatering' $1 billion a month on fossil fuels this decade, Global Witness says
"It's very fashionable or favorable to be underweight on China. But we think there's way too much negative news priced in and sentiment is too bearish," said Catherine Yeung, a Hong Kong-based investment director focused on equities at Fidelity International. Semiconductor and software design company Arm will reportedly seek a listing price from $47 to $51 per share,This would translate to a valuation between $50 billion and $54 billion.Sources told Reuters that"SoftBank could possibly raise this range before the IPO prices, should investor demand prove strong." Japanese investment holding company SoftBank is the parent company of Arm.Unemployment ticks up to 3.8% in August, average hourly wages rise less than expectedto 3.
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