Central banks in Indonesia and Philippines are both predictable to keep interest rates on hold when policymakers meet on Thursday. Bank Indonesia will likely wait to cut interest rates until next year even as it’s looking ways to assist spur economic growth until turbulence that may arise from the U.S. Federal Reserve’s rate improvements and China’s slowdown subside. All 10 economists polled by the Wall Street Journal are expecting the central bank to keep the benchmark BI rate unchanged at 7.50%. In the Philippines, the Bangko Sentral ng Pilipinas is also predictable to hold off changes to its monetary policy stance through the first half of 2016. All 13 economists in a Wall Street Journal poll predict the BSP will keep policy rates unchanged at its meeting.
On Wednesday, Diamond Offshore Drilling Inc (NYSE:DO)’s shares inclined 0.50% to $21.99. DO open its trading session at $21.70. During the trading session the minimum price at which share price traded, recorded at USD 21.47 and share price hit to max level of USD 22.49. Its fifty two week range was $16.51 -$40.00. The total market capitalization remained $3.00 billion. The beta of the stock stands at 1.35.
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company provides services in floater market, such as ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up market.
WPX Energy Inc (NYSE:WPX)’s shares dropped -5.26% to $6.13. The company’s total market capitalization is $1.78 billion along with 275.28 million shares outstanding. 52 week range of the stock remained $5.24 - $14.65, while its day lowest price was $6.08 and its hit its day highest price at $6.62.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
At the end of Wednesday’s trade, Meritor Inc (NYSE:MTOR)‘s shares surged 0.92% to $7.70. MTOR has beta value stands at 2.63 times and earnings per share were $0.62. The company has total of 91.33 million outstanding shares and its total market capitalization is $696.85 billion. 52-week price range of the stock remained $7.51 - $15.65.
Meritor, Inc. designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors worldwide.
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