European markets are set to start the new trading week on a positive note, buoyed also by trade in Asia-Pacific markets overnight.
She told CNBC that in general, it's taken different parts of the world about 15 months to fully recover from Covid lockdowns.Arm targets $47 to $51 per share in IPO: Reuters
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.
The jobless rate was expected to be 3.5%, according to economists polled by Dow Jones, equal with what it was in the prior month. Average hourly earnings rose 0.24% for the month, or 4.29% year-over-year. That was less than the 4.4% increase expected by economists. Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the 170,000 expected by economists polled by Dow Jones. However, job numbers first reported for June and July were revised down by a combined 110,000.European markets are heading for a lower open Thursday.
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