Having declined sharply, there is a possibility of a pullback rally in the short term, which is expected to be a ‘sell on rise’ opportunity. Important resistance to be watched at 21,700-21,800 levels.
Global Market: Amazon diversifies debt funding with first Sterling bond offering
Amazon has launched its first sterling-denominated bond sale, with four maturities ranging from three to 19 years, as hyperscalers diversify funding sources to finance heavy