Dax remains in an overall downtrend
The German Dax index recovered along with global equities following the recent bout of volatility, but a look at the charts reveals that it remains in a longer-term downtrend.
Saxo Bank head of equity strategy Peter Garnry takes a closer look at China’s electronic and software giant Xiaomi, known as the ‘Apple of China’, as it gears up for its IPO.
Beijing-based Xiaomi, reportedly the world’s fifth-largest smartphone company, is expected to sell shares in July with its market valuation rumoured to be around $70 to $80 billion.
On May 3, Xiaomi filed to list its shares on the Hong Kong stock exchange.