Market Update

marketsforu

Ferrari shares off to a good start

Substantial enthusiasm shown by investors after Ferrari shares go public. Ferrari garnered a cool $10 billion valuation on Wall Street yesterday after offing shares at $52 a share. Trading today under the ticker RACE, shares in Ferrari opened at $60 trading higher by 14% with strong bullish momentum in the stock which has generated much interest earlier this week.  
 

Positive start in US

US equities opened in positive territory this afternoon, with Ferrari being the stand out performer . GM also enjoyed a bright start gaining over 4% to trade at $34.85, whilst Boeing is up 1.92% at the time of writing, both gaining on positive Q3 results released earlier . Despite a small beat in earnings, Coca Cola opened down 0.64% as the revenue miss is shaping early trade more than the EPS beat.

Bank of Canada - interest rates unchanged

So in line with market expectations.