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.
Reuters is reporting that Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology.
Apple shares are rising, currently up 0.60%.
Tesla’s stock price has fallen on the news and is now down 6.59% for the day.
The Financial Times’ Whitehall correspondent, Sebastien Payne has sent out a tweet suggesting that the EU and UK are edging towards a deal on fishing rights with December 30th eyed as the date to pass it into law.
Payne said that the compromise may be a 35% cut in EU access to UK waters over a five year period.
The pound has reclaimed most of Mondy’s losses, trading at 1.3473, having briefly touched the 1.35 level.
Anterix (NASDAQ: ATEX) today announced its first long term 900 MHz broadband spectrum lease agreements, covering Ameren Corporation’s (NYSE: AEE) service territories for 30 years.
No financial details were provided.
Anterix shares rose over 60% following the news and are now up 54.84% at $45.63.
Ameren’s share price has seen little reaction to the news, down 2.50% at $76.89.
Facebook said it is rolling out a new video calling library to all the relevant products across its apps and services, including Instagram, Messenger, Portal, Workplace chat, etc.
Facebook shares are down 1.97% from Friday’s close, at $270.97.
European Equities regained some losses following the earlier fall:
FuboTV shares are rising after a report from Axios said the company is looking at forming exclusive sports content deals.
FuboTV: +16.71% $45.81
IBM (NYSE: IBM) today announced an agreement to acquire Nordcloud, a European leader in cloud implementation, application transformation and managed services.
IBM shares are down 1.94% at $123.41.
Markets across the board are falling on fears of a new coronavirus strain.
European equity markets have taken a hit with the FTSE 100 down 2.80%, the DAX down 3.37% and the CAC 40 down 3.35%.
In FX markets the US dollar is gaining strength as money flows into safe-haven assets with sterling is down 2.05% against the dollar at 1.3243 having initially fallen as low as 1.3187, while the EURUSD is trading at 1.2163, down 0.73% on the day.
Gold is down, trading at $1,875 having dropped to lows of $1,855 while Brent crude oil is down over 5% at $49.66, with WTI crude down 4.61% at $46.77.
Elsewhere, Bitcoin hasn’t escaped the fall, currently trading at $22,791, falling nearly 3%.
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