Traders are bracing for continued market volatility, with significant attention on Thursday’s report regarding US jobless claims. The options market suggests a 1.2% move in the S&P 500 Index. Recent unemployment figures have raised concerns, and the jobless claims data will be key in understanding labor market trends and potential market impacts.
Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Great Eastern Shipping experienced a surge in its stock prices following the announcement of its inaugural share buyback scheme. The company has proposed to repurchase