Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
S&P 500 +0.81%
A positive day for both European and US indices.
$GME +19.44 $11.15
$MSFT +0.13% $210.0
GameStop shares are up 18% after the company announced a multi-year strategic partnership with Microsoft.
Cannabis stocks have rallied after US Vice President candidate Kamala Harris said that a Biden administration would decriminalise marijuana.
European equities close green…
FTSE 100 +0.53%
STOXX 50 +0.71%
IBEX 35 +1.19%
CAC 40 +0.61%
AgeX Therapeutics +274.36% – Stock soars on strong volume after Juvenescence discloses 50% stake in the company
Eaton Vance +47.68% – Morgan Stanley to Acquire Eaton Vance
Consumer Portfolio Services +37.39% – CONSUMER PORTFOLIO SERVICES (CPSS) STOCK SURGES, HERE’S WHY…
Cytokinetics -43.88% – Mixed results shown in company’s heart failure study
CVD Equipment Corp -21.60%
Ocean Power Technologies -20.81% – stock pulling back after a strong performance yesterday
Here’s how US equities are trading shortly after the open…
S&P 500 +0.48%
$SQ: +2.24% $184.21
Square, Inc. Invests $50 Million in Bitcoin.
Business Wire: “The investment underscores Square’s purpose of economic empowerment.”
$EV +44.48% $59.15
Morgan Stanley has entered into a definitive agreement to acquire Eaton Vance in a deal valued at approximately $7 billion.
“Shares of Sareum Holdings Plc (LON: SAR) surged 16% after the biotech company announced that it was close to winning US patent protection for its cancer immunotherapy programme.”
Full Story: SAREUM SHARE PRICE SURGED 16% TODAY, HERE’S WHY
FTSE 100 -0.25%
STOXX 50 +0.09%
IBEX 35 +0.77%
CAC 40 -0.04%
Shares of Asiamet Resources have jumped 67% to 4.19p after the company announced that it has signed a Heads of Agreement with PT Wasesa Indo Nusa (PT WIN) for the sale of Asiamet’s wholly-owned subsidiary Indokal Limited.
As part of the transaction, PT WIN will also acquire Aeturnum Energy International. PT WIN plans to IPO on the Indonesian Stock Exchange in early 2021.
PT WIN will pay $163.4 million in total, based on various milestones and factors with $10 million paid on the execution of the Sale and Purchase Agreement.
Good morning everyone…
-The majority of Asia-Pac markets traded positively with the Nikkei closing 0.96% higher and the ASX up 1.09%
-In the US the Vice Presidential debate took place with both sides attempting to discredit each other’s record. Senator Harris stated she would not take a Trump approved vaccine
-Regeneron’s share price is up 3% after-hours after President Trump provided positive comments on the company’s COVID-19 antibody drug
-In FX markets risk on currencies are gaining this morning
-On today’s calendar we have the ECB monetary policy meeting and US initial jobless claims
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