Stocks making the biggest moves midday: Tesla, FedEx, Airbnb, and Winnebago (SPY -0.4%). U.S. LNG exports surge.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The IPC is up 0.43% while the Bovespa gains 0.04%. The S&P 500 is off 0.31%.
What Is Moving the Markets
Here are the headlines moving the markets.
Coal Consumption Set to Jump In 2021 Coal consumption is set for a rebound of 2.6 percent next year as the worlds heavy industry emerges from the pandemic crisis, the International Energy Agency said in its latest report on the fossil fuel. The forecast is, of course, based on the assumption that the global economy will begin to recover next year, which is far from certain. Chinas and Indias recovery, however, has a higher degree of certaintyboth countries are already on the mend. The IEA acknowledged this in its report, noting the rebound in coal consumption
Borosil Renewables Ltd announces Successful Completion of Rs 200 crores QIP
Posted On: 2020-12-18 03:26:55 (Time Zone: Arizona, USA)
Borosil Renewables Limited (BRL) announced the successful completion of fund raising of Rs. 200 Cr through a Qualified Institutions Placement (Issue). The Securities Issue Committee of BRL approved opening of the Issue on December 14, 2020 and approved the closing of the Issue on 17th December 2020. BRL allotted 1,58,04,030 shares of face value of Re. 1 each at Rs. 126.55 per share. Post the QIP issue, the holding of promoter and promoter group will be 61.92%.
Commenting on the QIP s response, Pradeep Kheruka, Executive Chairman of Borosil Renewables Ltd., said, We are overwhelmed with the response from the investors and thank them for showing confidence in the business and management team of Borosil Renewables. The funds raised through this QIP will help us undertake our planned expansion and we are excited to capitalise on the business oppo
PE firm Convergent Finance invests $27m in solar glass maker Borosil Renewables
Photo: Pixabay Premium
Convergent Finance LLP, an investment advisor to Infinity Investment Management, on Friday said it has invested ₹200 crore ($27 million) into Borosil Renewables Ltd, India’s only solar glass manufacturer.
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Oil, Gas Rigs Increase For Fourth Week In A Row (SPY -0.4%). November 2020 leading economic index improvement continues.
The Market in Perspective
Here are the headlines moving the markets.
Energy Stocks Soar And Oil Prices Climb Optimism about COVID-19 vaccines is driving oil prices higher and energy stocks are now on course to see their largest quarterly gain since 1989For Global Energy Alert members there are now two new free reports available in your dashboard. The first of these reports is on how to interpret stock charts and the second outlines the three biggest mistakes made by traders today. Make sure you become a member to read these reports and many more.Friday, December 18th, 2020Crude oil prices held their gains this week and pushed to new highs. In midday trading