Aramco, the world’s biggest Co2 producer, is now world’s largest listed company after floating today
- Newsflash: Stock surges 10% as trading begins
- Value jumps to $1.88trn, from $1.7trn
- Will investors heed environmental worries?
- Expert: Aramco will hit $2trn soon
- Introduction: Saudi Aramco shares are floating today
NEWSFLASH: US inflation has hit its highest level in a year.
Consumer prices rose by 2.1% per year in November, up from 1.8% in October, partly due to rises in energy, rent and gasoline bills.
INFLATION WATCH: U.S. consumer prices rise 0.3% in November. Core CPI (minus food & energy) up 0.2%. Yearly increase in overall CPI climbs to 2.1% from 1.8%. Highest in a year. Core rate flat at 2.3%. Inflation bubbling higher?
Pre-election jitters also appear to be hitting UK stocks.
The FTSE 250 index of medium-sized listed companies is down 1% today, with every sector in the red. It’s a better barometer of UK economic prospects than the FTSE 100 (which is broadly unchanged today).