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.
DOW JONES +1.59% 29,100
S&P 500 +1.56% 3,581
NASDAQ +0.98% 12,056
A positive day all round for European and US indices.
Have a good evening all.
Kansas City Southern shares have spiked after Dow Jones reported that “a group of buyout investors has made a takeover offer for railroad operator Kansas City Southern, according to people familiar with the matter.”
KSU shares are up 4.55% at $192.68 per share.
Concept Therapeutics has surged 40% over word via Bloomberg that exclusivity of its one drug, Korlym (which $TEVA has filed to develop as a generic) is faring well during today’s hearing.
CORT shares are currently trading at $18.
Amarin stock has plunged over 30% today as traders reacted to the news that judges have been assigned in its appeal of a ruling by a Nevada court that meant other companies were able to produce generic versions of Vascepa.
Its shares are currently trading at $5.17, down 28.86%.
FTSE 100 +1.36% 5,941
DAX +2.05% 13,239
STOXX 50 +1.81% 3,337
Tesla stock has plummeted over 6% so far today.
It is currently trading at $46.02 per share.
SmileDirectClub Stock has surged 24% to $9.77 per share after its CEO and Chairman, David Katzman increased his stake by 12.78 million shares, at prices ranging from $7.63 to $8.25.
S&P 500 +0.54%
Macy’s stock is up 6% at $7.43 premarket after the company reported its second-quarter financial earnings.
Atlantia +15% Talks with state-backed lender Cassa Depositi e Prestiti are close to an agreement
Ted Baker +10% Ted Baker founder Ray Kelvin returns to active role
Computacenter +10% Company upgrades forecasts
ImmuPharma -18% Shares fall after the company announces it has raised £6.5 million via an oversubscribed placing of new ordinary shares priced at 11p per share.
FTSE 100 +1.41% 5,944
DAX +1.48% 13,165
STOXX 50 +1.35% 3,325
A strong morning so far.
Good morning people…
-Asian markets traded mixed (again) overnight. Both the ASX and Nikkei closed higher, but the Hang Seng and the Shanghai composite are currently trading lower.
-US President Trump reiterated that he wants to see the US ‘compensated’ for the TikTok deal.
-AMC shares surged post-market after the company said 70% of its locations will be open by Friday.
-In FX markets the USD showed some strength yesterday afternoon and has stayed stable since, with the EURUSD still hovering just above 1.19.
-Australia’s GDP came in lower than expected.
-On the data calendar, we have already seen German retail sales for July came in below expectations, later on, today we have US ADP employment, US factory orders and a whole host of central bank speakers from the Fed and BoE.
-Names on the earnings calendar include Guess, Macy’s, Cloudera, Rocket Mortgage, Ambarella, and Guidewire.
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