European indices are still in the green, with the FTSE joining them at +0.14%.
US index futures are mixed, however, with the Dow up 0.18%, the S&P down 0.01% and the Nasdaq flat.
Twitter jumped 13% after Tesla CEO Elon Musk offered to acquire the social media giant for $54.20 per share.
Goldman Sachs stock is trading 1.23% higher premarket after beating earnings and revenue expectations. Morgan Stanley and Citigroup also exceeded expectations and are trading higher. While Wells Fargo is down more than 3% after missing revenue expectations.
IBM is up 1.79% premarket after Morgan Stanley said the stock is a “place to hide” during rising economic risks.
In the last few minutes, it has been revealed that Elon Musk proposed to acquire Twitter in an all-cash deal for $54.20 per share. Musk reportedly said the offer is “my best and final offer.”
The Tesla CEO believes Twitter should go private to go through the changes that need to be made. However, if the proposal is not accepted, Musk stated he would need to reconsider his position as a shareholder.
Twitter stock jumped 13% following the news.
ELON MUSK – PROPOSED TO ACQUIRE ALL OF TWITTER STOCK NOT OWNED BY THE REPORTING PERSON FOR ALL CASH CONSIDERATION VALUING STOCK AT $54.20 PER SHARE$TWTR
— *Walter Bloomberg (@DeItaone) April 14, 2022
However, the company said it sees the travel recovery starting to take shape as we move closer to the summer of 2022.
US equities rallied Wednesday, led by the Nasdaq, which closed the session up 2%.
Overnight, in the APAC region, indexes in Japan, Australia, China, and Hong Kong were higher.
FTSE 100: -0.35%
CAC 40: +0.42%
Stoxx 50: +0.37%
IBEX 35: +0.24%
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