Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
Not a good day for bulls…
It’s not just stocks that have fallen today as both Brent crude oil and WTI crude oil prices have dipped.
Brent is trading at $40.44 per barrel, down 2.98% while WTI is down 3.03% at $38.51 per barrel
Document Securities Systems +40.97%
Muscle Maker +35.62% – MUSCLE MAKER (GRIL) STOCK SURGES 60%, HERE’S WHY
Mid-Con Energy Partners +18.27%
BioSig Technologies -41.64% – BIOSIG TECHNOLOGIES (BSGM) STOCK PLUMMETS 45%, HERE’S WHY
Biondvax Pharmaceuticals -25.14%
SAP -23.36% – SAP SHARE PRICE JUST CRASHED OVER 20%. HERE’S WHY
FTSE 100 -1.17%
STOXX 50 -2.89%
IBEX 35 -1.35%
CAC 40 -1.91%
In a week where there are more than a third of S&P 500 companies reporting earnings, it begins with a sea of red…
It’s not a pretty sight at the moment with both US and European equities all trading in the red.
The DOW is down 2.22%, the S&P is down 2.07% and the Nasdaq is down 1.47%.
Meanwhile, the DAX is down over 3.5%, and the FTSE 100 is trading 0.91% lower.
Mirati Therapeutics (NASDAQ: MRTX) stock is up 13.73% t $204.95 after the company said that preliminary data from two studies showed its experimental drug, adagrasib, caused tumours to shrink or disappear in 45% of patients with non-small cell lung cancer (NSCLC).
The company said it plans to submit a marketing application for accelerated approval of adagrasib as a monotherapy in advanced NSCLC in the second half of 2021
China has demanded that Chinese based branches of ABC, The Los Angeles Times, Minnesota Public Radio, Bureau of National Affairs, Newsweek, and Feature Story News report information about their operations in the country within seven days.
China is seeking information on staff, finances, and real estate holdings.
The Nasdaq is regaining some earlier losses…
Alien Metals shares are up 12.24% at 1.910p after the company announced it has been granted a 208 km exploration licence in northern Greenland, surrounding the Citronen zinc-lead project owned by Ironbark Zinc Limited.
According to Alien’s press release, the Citronen project “is believed to be one of the world’s largest underdeveloped zinc-lead projects.”
Here are some of the companies reporting earnings before the US cash open…
Alliance Resource Partners
Bank of Hawaii
A bad start for European equities…
FTSE 100 -0.50%
STOXX 50 -1.65%
IBEX 35 -0.59%
CAC 40 -0.87%
Good morning all…
-APAC markets traded mostly lower as investors worry about the rise in coronavirus cases
-France and Italy saw record surges in coronavirus cases
-Chinese health authorities reported 137 new cases on Sunday in Xinjiang province
-AstraZeneca and Oxford University’s COVID-19 vaccine reportedly produced a robust immune system response in elderly people the Financial Times has reported
-Elsewhere according to reports, Airbnb is to split privately held shares 2-for-1 ahead of an IPO
-Post-Brexit trade talks have been extended
-In FX markets the USD has strengthened
-On today’s calendar we have German Ifo business climate data and US new home sales.
-This week is a packed one for earnings with over a third of S&P 500 companies reporting
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