world markets news

World Markets Daily News – In Brief – Sunday

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. REUTERS (CANADA)

Wall Street Week Ahead: Beaten-down growth stocks alluring as Fed slows US economy

Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as the Federal Reserve fights to slow the US economy and tame red-hot inflation.

. ECONOMIC TIMES (INDIA)

Dalal Street Week Ahead: Any runaway move for Nifty highly unlikely in holiday-truncated week

The beginning of the previous week saw Nifty testing important pattern resistance levels. After a strong performance on Monday, the next three days of the week were spent by Nifty showing a weak and corrective bias as it came off rapidly from the high levels witnessed in the beginning of the week.

. GULF NEWS (UAE)

Dubai’s DEWA IPO to raise Dh22.3b, giving utility giant a market value of Dh124b at listing

The initial public offering (IPO) of Dubai Electricity and Water Authority (DEWA) is expected to raise Dh22.3 billion ($6.1 billion), which gives the utility giant a market valuation of Dh124 billion at listing.

. BLOOMBERG (USA)

Russia Cut to Selective Default by S&P After Ruble Payments

S&P Global Ratings cut Russia’s unsolicited foreign currency issuer credit ratings to selective default

. AFRICAN MARKETS (AFRICA)

Johannesburg Stock Exchange to amend listing regulations to permit actively managed ETFs

The Johannesburg Stock Exchange (JSE), has announced its intention to amend the JSE Listings Requirements to enable the listing of actively managed exchange-traded funds (ETFs). The closing date for comments is Monday, 2 May 2022 at 17h00.