Only 0.02% of Stock Bids Are Awarded in China IPO Market Frenzy

Global electric vehicle (EV) sales growth has slowed to its lowest rate since February 2024, primarily due to a plateau in the Chinese market and recent policy changes in the United States. This decline reflects a significant shift in consumer demand and market dynamics, particularly in China, where car sales have also seen a notable decrease.

Oil prices have rebounded from their lowest close since October, driven by a wave of optimism in broader financial markets. This rally indicates a shift in market sentiment, reflecting increased investor confidence in various sectors.

The S&P 500 index reached a new record high, closing at an all-time peak, despite a decline in Oracle shares following disappointing earnings results. This market close was covered extensively on Bloomberg Television and other platforms, highlighting the contrasting performance of the index and Oracle's stock.

Peru's central bank has decided to maintain its key interest rate at a three-year low, reflecting a stable economic environment with inflation rates well below the target range. This decision underscores the bank's confidence in the ongoing economic growth, which has been steady despite global uncertainties.

Thailand is experiencing a significant surge in capital flight, with domestic investors increasingly relocating their funds overseas. This trend is contributing to the pressure on Thailand's stock market, which is currently the worst-performing equity market in Asia this year.

A significant exodus of foreign investors from Indonesia's bond market has resulted in the lowest holdings in nearly two decades, reflecting a decline in confidence amid ongoing political instability. This trend highlights the challenges facing Indonesia's financial landscape as it grapples with investor sentiment.

Luxury furniture retailer RH experienced a significant surge in its stock price after reporting higher growth compared to its competitors, despite facing challenges from tariffs and a sluggish housing market.

Lululemon Athletica Inc. announced that Chief Executive Officer Calvin McDonald will step down, with Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini appointed as interim co-CEOs. This leadership change comes as the company seeks to revitalize growth amid increasing competition and scrutiny from its founder, Chip Wilson.