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.
Pfizer has cut its 2020 vaccine target by half after supply chain hurdles.
The company expects to ship half the dose it originally planned after finding raw materials in early production didn’t meet its standards the Wall Street Journal reported.
Pfizer shares are down 2.43%, while Moderna shares have jumped 9.11%.
Shares of Chinese audio entertainment platform LIZHI Inc (NASDAQ: LIZI) are up over 125% on Thursday after it was announced that it was linking up with Chinese electric vehicle company, Xpeng Motors (NYSE: XPEV).
Here’s the full story behind its move today: LIZHI INC STOCK SURGES 106% AFTER XPENG MOTORS COLLABORATION
Zscaler (NASDAQ: ZS) shares are rallying on Thursday after the cybersecurity company reported its earnings and provided a strong forecast.
Cinemark Holdings -14.6%
IMAX Corp -6.1%
Cinema stocks have plummeted after it was revealed that At&T’s Warner Bro’s will launch every 2021 movie on HBO Max at the same time as they hit cinemas.
Cloud-based data warehousing company, Snowflakes’ stock is up 15.71% at $333.68 per share after the company reported 119% revenue growth and narrower losses for the third quarter.
Investment bank JMP Securities raised its price target to $300 from $285 and maintained its market outperform rating on the stock following its earnings results.
FTSE 100 +0.40%
STOXX 50 -0.08%
IBEX 35 -0.24%
CAC 40 -0.16%
Budget airline Ryanair has ordered 75 additional Boeing 737 Max jets worth around $9 billion.
Boeing shares jumped 7.08% on the news to $239.61.
Ryanair shares are flat at +0.32%.
The Nasdaq composite index has hit record highs.
It is currently up 0.59% on the day.
Shares of Chinese audio entertainment platform LIZHI Inc (NASDAQ: LIZI) were up over 100% premarket on Thursday after it was announced that it was linking up with Chinese electric vehicle company, Xpeng Motors (NYSE: XPEV).
The company’s shares are now trading 75% higher at $4.14
The US dollar continues to weaken, now down at 90.74.
With Brexit rumours and comments flying in from everywhere, the GBP/USD is holding strong…
GBP/USD 1.3461 +0.76%
EUR/USD 1.2150 +0.30%
AUD/USD 0.7430 +0.20%
USD/CAD 1.2916 -0.01%
NZD/USD 0.7077 +0.17%
USD/JPY 104.03 -0.35%
Shares of live biotherapeutics company, N4 Pharma (LON: N4P) are rallying on Thursday after the company released an update regarding its ongoing research project with Nanomerics Limited.
N4Pharma shares are now up 45.50% at 8.72p.
FTSE 100 +0.07%
STOXX 50 -0.04%
IBEX 35 -0.35%
CAC 40 -0.16%
Markets in the APAC region were again mixed overnight. US Equity futures are flat so far.
There was a lot of Brexit talk yesterday, and while there is continued talk of progress, we are told there is still disagreement on fisheries and the level playing field.
France has threatened to veto a deal if the UK gives no ground according to reports.
JPMorgan has agreed to acquire fintech startup 55ip.
According to Reuters, more than 40 US states plan to sue Facebook next week.
Companies reporting earnings today include DocuSign, Cloudera, Dollar General, TD and Smith & Wesson.
Today we have European retail sales, initial jobless claims, and ISM non-manufacturing data from the US.
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