Watch List: Canadian Solar Inc. (NASDAQ:CSIQ), Deutsche Bank AG (USA) (NYSE:DB)
Trading the news is a technique to trade equities, currencies and other financial instruments on the financial markets. Trading news releases can be a noteworthy tool for financial shareholders. Economic news reports often drive strong short-term moves in the markets, which may create trading opportunities for traders. Declarations about corporate profits, a change in administration, rumors of a merger, are events that can cause a company’s share price to move wildly up or down. Interest rates, unemployment and export rates, or the central bank’s policy shifts, can cause a deep change of an exchange rate.
Shares of Canadian Solar Inc. (NASDAQ:CSIQ) gained 4.00% to $17.42 on Wednesday. The stock settled at $17.42 per share, after floating in a range of $17.05 to $18.12. The stock moved on high volume, traded at a volume of 3.57 million shares, as compared to its average daily volume of 1.41 million shares. The market capitalization billion for the company is reported at $1.02B.
Deutsche Bank AG (USA) (NYSE:DB) opened at $18.38. It reached an intraday trading high of $18.43 and closed at $18.38.
Deutsche Bank AG executives expect the lender will soon receive subpoenas or other requests for information from U.S. Justice Department special counsel Robert Mueller regarding the investigation into possible Trump campaign ties to Russia, the Guardian stated.
The stock price declined -0.59 points or -0.11% at the market. The total volume traded for the day is 2.54 million, as compared to its average daily volume of 3.75 million shares. The current EPS for the company has been recorded at $-1.01 and the beta value recorded by the company stands at 1.28 points.
The German lender and Mueller’s team have established informal contact in connection with the investigation, the newspaper said, citing an unidentified person close to the matter. Separately, the New York Times stated that banking regulators are reviewing hundreds of millions of dollars in loans made to businesses of President Donald Trump through Deutsche Bank’s private wealth administration unit, citing three unidentified people briefed on the review.
Monika Schaller, a spokeswoman for Deutsche Bank in Frankfurt, declined to comment. (Source: Bloomberg)