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Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3
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2021-08-02
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09:47","market":"other","language":"en","title":"Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3","url":"https://stock-news.laohu8.com/highlight/detail?id=1152505740","media":"DailyFX","summary":"CRUDE OIL FUNDAMENTAL FORECAST DOWNGRADED FOR Q3\n\nWTI crude oil prices surged 25% in 2Q largely owin","content":"<p><b>CRUDE OIL FUNDAMENTAL FORECAST DOWNGRADED FOR Q3</b></p>\n<ul>\n <li>WTI crude oil prices surged 25% in 2Q largely owing to supply-demand imbalances</li>\n <li>OPEC+, Iran nuclear deal could drive an increase in crude oil production during Q3</li>\n <li>Oil price action could face headwinds from seasonal factors or risks materializing</li>\n</ul>\n<p>Crude oil prices made an explosive move higher during 2Q-2021. On balance, WTI and Brent oil surged about 25% and 21% over the last three months respectively. This aligned with our bullish fundamental forecast for the second quarter, which was largely predicated on the prospect of accelerating demand amid vaccination and reopening efforts. Due to the likelihood that bullish drivers start to sputter, however, crude oil outlook seems less sanguine for 3Q-2021. Such has already been the case with crude oil price action down nearly -10% so far this month as the commodity plunges into critical support.</p>\n<p><b>THIRD QUARTER SEASONALITY POINTS TO LESS FAVORABLE CONDITIONS FOR CRUDE OIL PRICES</b><img src=\"https://static.tigerbbs.com/73e68c592542e8ceabdb9409b5504fe7\" tg-width=\"624\" tg-height=\"126\" referrerpolicy=\"no-referrer\"></p>\n<p>Historically speaking, crude oil tends to perform quite well throughout Q2 and often faces headwind in Q3. This is illustrated by the crude oil seasonality table above. Seasonally less favorable conditions for crude oil could be one force that works against bullish impetus. Average seasonal performance is arguably neutral on balance during the months of July, August, and September. Correspondingly, signs of fading upward momentum for crude oil might motivate momentum traders and speculators betting on higher prices to start unwinding their positions. That could weigh negatively on the commodity’s direction in turn.</p>\n<p><b>OPEC & ALLIES UNWINDING OIL PRODUCTION CUTS, IRAN NUCLEAR DEAL TO UNLEASH SUPPLY</b><img src=\"https://static.tigerbbs.com/086797b574363254be4936ffa8eca17d\" tg-width=\"624\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p>More importantly, the broader direction of crude oil price action during Q3-2021 likely hinges on supply considerations from OPEC and its allies. The cartel of oil producers is expected to continue unwinding voluntary output cuts made in the wake of the covid pandemic. To be fair, this increase in oil production is anticipated to be gradual, and the oil market is very tight due to excess demand right now.</p>\n<p>Key OPEC ministers, like Saudi Arabia’s Prince Abdulaziz, have voiced how there is a ‘need to be cautious’ with bringing back supply too. This will require considering odds of an Iran nuclear deal being reached, which would lift sanctions and see the country’s oil exports possibly double from about 1-million/bpd to 2-million/bpd. That said, crude oil prices have potential to face downward pressure in 3Q due to the risk of rising oil output.</p>\n<p><b>OVX COMPRESSION RISKS BREWING COMPLACENCY TO THE THREAT OF NEW COVID VARIANTS</b><img src=\"https://static.tigerbbs.com/494f080c898227995f277a686da245af\" tg-width=\"624\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n<p>Chart by @RichDvorakFX created using TradingView</p>\n<p>It is also worth mentioning that relatively low readings of implied volatility can suggest that the market is beginning to grow complacent. After all, volatility, much like the economy, behaves in cycles. Relatively subdued volatility levels are likely to eventually mean-revert higher while comparatively elevated measurements of volatility are likely to normalize back lower. If market sentiment deteriorates broadly, that would likely send measures of volatility, like the OVX Index, snapping higher and crude oil price action tumbling lower in accordance. This brings to focus the possibility that the market may be underappreciating covid-variant risks.</p>\n<p>To that end, it seems as though the covid delta-variant is becoming a more prevalent concern of the public. New cases of this strain have been rising rapidly, leading to delays of reopening efforts and even new lockdowns, yet the market has barely batted an eye. Seeing that renewed restrictions on economic activity to curb the spread of covid would likely send oil demand and prices sharply lower, this space is surely worth keeping near the top of the radar for crude oil outlook.</p>","source":"lsy1568971417606","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrude Oil Price Outlook: Bullish Drivers to Sputter in Q3\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 09:47 GMT+8 <a href=https://www.dailyfx.com/forex/fundamental/article/special_report/2021/07/07/crude-oil-price-outlook-bullish-drivers-to-sputter-in-q3.html><strong>DailyFX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CRUDE OIL FUNDAMENTAL FORECAST DOWNGRADED FOR Q3\n\nWTI crude oil prices surged 25% in 2Q largely owing to supply-demand imbalances\nOPEC+, Iran nuclear deal could drive an increase in crude oil ...</p>\n\n<a href=\"https://www.dailyfx.com/forex/fundamental/article/special_report/2021/07/07/crude-oil-price-outlook-bullish-drivers-to-sputter-in-q3.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.dailyfx.com/forex/fundamental/article/special_report/2021/07/07/crude-oil-price-outlook-bullish-drivers-to-sputter-in-q3.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152505740","content_text":"CRUDE OIL FUNDAMENTAL FORECAST DOWNGRADED FOR Q3\n\nWTI crude oil prices surged 25% in 2Q largely owing to supply-demand imbalances\nOPEC+, Iran nuclear deal could drive an increase in crude oil production during Q3\nOil price action could face headwinds from seasonal factors or risks materializing\n\nCrude oil prices made an explosive move higher during 2Q-2021. On balance, WTI and Brent oil surged about 25% and 21% over the last three months respectively. This aligned with our bullish fundamental forecast for the second quarter, which was largely predicated on the prospect of accelerating demand amid vaccination and reopening efforts. Due to the likelihood that bullish drivers start to sputter, however, crude oil outlook seems less sanguine for 3Q-2021. Such has already been the case with crude oil price action down nearly -10% so far this month as the commodity plunges into critical support.\nTHIRD QUARTER SEASONALITY POINTS TO LESS FAVORABLE CONDITIONS FOR CRUDE OIL PRICES\nHistorically speaking, crude oil tends to perform quite well throughout Q2 and often faces headwind in Q3. This is illustrated by the crude oil seasonality table above. Seasonally less favorable conditions for crude oil could be one force that works against bullish impetus. Average seasonal performance is arguably neutral on balance during the months of July, August, and September. Correspondingly, signs of fading upward momentum for crude oil might motivate momentum traders and speculators betting on higher prices to start unwinding their positions. That could weigh negatively on the commodity’s direction in turn.\nOPEC & ALLIES UNWINDING OIL PRODUCTION CUTS, IRAN NUCLEAR DEAL TO UNLEASH SUPPLY\nMore importantly, the broader direction of crude oil price action during Q3-2021 likely hinges on supply considerations from OPEC and its allies. The cartel of oil producers is expected to continue unwinding voluntary output cuts made in the wake of the covid pandemic. To be fair, this increase in oil production is anticipated to be gradual, and the oil market is very tight due to excess demand right now.\nKey OPEC ministers, like Saudi Arabia’s Prince Abdulaziz, have voiced how there is a ‘need to be cautious’ with bringing back supply too. This will require considering odds of an Iran nuclear deal being reached, which would lift sanctions and see the country’s oil exports possibly double from about 1-million/bpd to 2-million/bpd. That said, crude oil prices have potential to face downward pressure in 3Q due to the risk of rising oil output.\nOVX COMPRESSION RISKS BREWING COMPLACENCY TO THE THREAT OF NEW COVID VARIANTS\nChart by @RichDvorakFX created using TradingView\nIt is also worth mentioning that relatively low readings of implied volatility can suggest that the market is beginning to grow complacent. After all, volatility, much like the economy, behaves in cycles. Relatively subdued volatility levels are likely to eventually mean-revert higher while comparatively elevated measurements of volatility are likely to normalize back lower. If market sentiment deteriorates broadly, that would likely send measures of volatility, like the OVX Index, snapping higher and crude oil price action tumbling lower in accordance. This brings to focus the possibility that the market may be underappreciating covid-variant risks.\nTo that end, it seems as though the covid delta-variant is becoming a more prevalent concern of the public. New cases of this strain have been rising rapidly, leading to delays of reopening efforts and even new lockdowns, yet the market has barely batted an eye. Seeing that renewed restrictions on economic activity to curb the spread of covid would likely send oil demand and prices sharply lower, this space is surely worth keeping near the top of the radar for crude oil outlook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805850865,"gmtCreate":1627871303157,"gmtModify":1703496900273,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805850865","repostId":"1170312436","repostType":4,"repost":{"id":"1170312436","pubTimestamp":1627864359,"share":"https://ttm.financial/m/news/1170312436?lang=&edition=fundamental","pubTime":"2021-08-02 08:32","market":"other","language":"en","title":"Bitcoin Pares Weekend Rally That Took Coin to Highest Since May","url":"https://stock-news.laohu8.com/highlight/detail?id=1170312436","media":"Bloomberg","summary":"Bitcoin retreated Monday back toward $40,000 after climbing over the weekend to the highest levels s","content":"<p>Bitcoin retreated Monday back toward $40,000 after climbing over the weekend to the highest levels since May.</p>\n<p>The largest cryptocurrency fell as much as 3% and was trading at $40,380 as of 7:03 a.m. in Hong Kong. Other virtual coins including second-ranked Ether also fell. A trigger for the declines beyond possible profit-taking wasn’t immediately apparent.</p>\n<p><img src=\"https://static.tigerbbs.com/04da3d6e57f3f801bf6532b2aff048b3\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Bitcoin has rallied over the past two weeks, breaking past the upper bound of a prolonged trading range between $30,000 and $40,000. It’s been bolstered by supportive comments from billionaire Elon Musk and Ark Investment Management LLC’s Cathie Wood, as well as speculation over Amazon.com Inc.’s possible involvement in the cryptocurrency sector.</p>\n<p>At the same time, scrutiny of the industry is intensifying. That includes apushby U.S. legislators for stricter rules on cryptocurrency investors to collect more taxes to fund a portion of a planned $550 billion investment into transportation and power systems.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Pares Weekend Rally That Took Coin to Highest Since May</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Pares Weekend Rally That Took Coin to Highest Since May\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 08:32 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-08-01/bitcoin-pares-weekend-rally-that-took-coin-to-highest-since-may><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin retreated Monday back toward $40,000 after climbing over the weekend to the highest levels since May.\nThe largest cryptocurrency fell as much as 3% and was trading at $40,380 as of 7:03 a.m. ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-01/bitcoin-pares-weekend-rally-that-took-coin-to-highest-since-may\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-08-01/bitcoin-pares-weekend-rally-that-took-coin-to-highest-since-may","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170312436","content_text":"Bitcoin retreated Monday back toward $40,000 after climbing over the weekend to the highest levels since May.\nThe largest cryptocurrency fell as much as 3% and was trading at $40,380 as of 7:03 a.m. in Hong Kong. Other virtual coins including second-ranked Ether also fell. A trigger for the declines beyond possible profit-taking wasn’t immediately apparent.\n\nBitcoin has rallied over the past two weeks, breaking past the upper bound of a prolonged trading range between $30,000 and $40,000. It’s been bolstered by supportive comments from billionaire Elon Musk and Ark Investment Management LLC’s Cathie Wood, as well as speculation over Amazon.com Inc.’s possible involvement in the cryptocurrency sector.\nAt the same time, scrutiny of the industry is intensifying. That includes apushby U.S. legislators for stricter rules on cryptocurrency investors to collect more taxes to fund a portion of a planned $550 billion investment into transportation and power systems.","news_type":1},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805888307,"gmtCreate":1627869891209,"gmtModify":1703496864151,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"Will it rise? ","listText":"Will it rise? ","text":"Will it rise?","images":[{"img":"https://static.tigerbbs.com/25e0dd281009348c925b99d4ee025ce1","width":"1125","height":"2584"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805888307","isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":151631140,"gmtCreate":1625078310480,"gmtModify":1703735693542,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151631140","repostId":"2148881060","repostType":2,"repost":{"id":"2148881060","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1625073360,"share":"https://ttm.financial/m/news/2148881060?lang=&edition=fundamental","pubTime":"2021-07-01 01:16","market":"us","language":"en","title":"Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut","url":"https://stock-news.laohu8.com/highlight/detail?id=2148881060","media":"Dow Jones","summary":"MW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n\n\n By Levi Sumagaysay \n\n\n Didi","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n</p>\n<p>\n By Levi Sumagaysay \n</p>\n<p>\n Didi among ten companies debuting on crowded IPO day ahead of July Fourth holiday \n</p>\n<p>\n Didi Global Inc.'s shares rose more than 20% in their U.S. public market debut Wednesday as the Chinese ride-hailing giant rode a wave of initial public offerings ahead of the July Fourth holiday. \n</p>\n<p>\n Didi opened at $16.65 after declaring an offering price of $14 a share. It raised $4.4 billion by selling 316.8 million shares, more than the 288 million American depositary shares it had planned to offer. The IPO came on a day when at least ten companies had their trading debuts, including legal-tech provider LegalZoom.com Inc . \n</p>\n<p>\n The company's market cap reached about $77 billion immediately after trading opened, putting it behind U.S. counterpart Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>, which has a market value of about $95 billion. Didi, which was founded in China in 2012, bought Uber's Chinese business in 2016, and has since grown to serve 377 million annual active users in China alone while operating in 15 other countries. Besides ride-hailing, the company has delivery and freight businesses and more. \n</p>\n<p>\n For more: 5 things to know about Didi as it goes public \n</p>\n<p>\n Didi has no ride-hailing business in the United States but has a research and development office in Silicon Valley that's mostly focused on autonomous vehicles. \n</p>\n<p>\n -Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n June 30, 2021 13:16 ET (17:16 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDidi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-07-01 01:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n</p>\n<p>\n By Levi Sumagaysay \n</p>\n<p>\n Didi among ten companies debuting on crowded IPO day ahead of July Fourth holiday \n</p>\n<p>\n Didi Global Inc.'s shares rose more than 20% in their U.S. public market debut Wednesday as the Chinese ride-hailing giant rode a wave of initial public offerings ahead of the July Fourth holiday. \n</p>\n<p>\n Didi opened at $16.65 after declaring an offering price of $14 a share. It raised $4.4 billion by selling 316.8 million shares, more than the 288 million American depositary shares it had planned to offer. The IPO came on a day when at least ten companies had their trading debuts, including legal-tech provider LegalZoom.com Inc . \n</p>\n<p>\n The company's market cap reached about $77 billion immediately after trading opened, putting it behind U.S. counterpart Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>, which has a market value of about $95 billion. Didi, which was founded in China in 2012, bought Uber's Chinese business in 2016, and has since grown to serve 377 million annual active users in China alone while operating in 15 other countries. Besides ride-hailing, the company has delivery and freight businesses and more. \n</p>\n<p>\n For more: 5 things to know about Didi as it goes public \n</p>\n<p>\n Didi has no ride-hailing business in the United States but has a research and development office in Silicon Valley that's mostly focused on autonomous vehicles. \n</p>\n<p>\n -Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n June 30, 2021 13:16 ET (17:16 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"S":"SentinelOne, Inc","UBER":"优步","DIDI":"滴滴(已退市)","LZ":"LegalZoom.com, Inc"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148881060","content_text":"MW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n\n\n By Levi Sumagaysay \n\n\n Didi among ten companies debuting on crowded IPO day ahead of July Fourth holiday \n\n\n Didi Global Inc.'s shares rose more than 20% in their U.S. public market debut Wednesday as the Chinese ride-hailing giant rode a wave of initial public offerings ahead of the July Fourth holiday. \n\n\n Didi opened at $16.65 after declaring an offering price of $14 a share. It raised $4.4 billion by selling 316.8 million shares, more than the 288 million American depositary shares it had planned to offer. The IPO came on a day when at least ten companies had their trading debuts, including legal-tech provider LegalZoom.com Inc . \n\n\n The company's market cap reached about $77 billion immediately after trading opened, putting it behind U.S. counterpart Uber Technologies Inc. $(UBER)$, which has a market value of about $95 billion. Didi, which was founded in China in 2012, bought Uber's Chinese business in 2016, and has since grown to serve 377 million annual active users in China alone while operating in 15 other countries. Besides ride-hailing, the company has delivery and freight businesses and more. \n\n\n For more: 5 things to know about Didi as it goes public \n\n\n Didi has no ride-hailing business in the United States but has a research and development office in Silicon Valley that's mostly focused on autonomous vehicles. \n\n\n -Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n June 30, 2021 13:16 ET (17:16 GMT)\n\n\n Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9987102501,"gmtCreate":1667836532303,"gmtModify":1676537972082,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/AMZN\">$Amazon.com(AMZN)$</a><v-v data-views=\"0\"></v-v>","text":"$Amazon.com(AMZN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987102501","isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890708260,"gmtCreate":1628131523750,"gmtModify":1703501814864,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890708260","repostId":"1152505740","repostType":4,"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805850865,"gmtCreate":1627871303157,"gmtModify":1703496900273,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805850865","repostId":"1170312436","repostType":4,"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805888307,"gmtCreate":1627869891209,"gmtModify":1703496864151,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"Will it rise? ","listText":"Will it rise? ","text":"Will it rise?","images":[{"img":"https://static.tigerbbs.com/25e0dd281009348c925b99d4ee025ce1","width":"1125","height":"2584"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805888307","isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":151631140,"gmtCreate":1625078310480,"gmtModify":1703735693542,"author":{"id":"3552790388588156","authorId":"3552790388588156","authorIdStr":"3552790388588156","name":"AMeow","avatar":"https://static.tigerbbs.com/a7469f72b779995e421e80123836cd83","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3552790388588156"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151631140","repostId":"2148881060","repostType":2,"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
