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.
US indexes have had a strong day…
S&P 500 +1.81%
$XSPA: +16.15% $2.23
Xpresspa shares have spiked in the last hour after news that the company will debut rapid COVID tests and New York’s JFK airport.
President Trump has tweeted to say that he will be leaving the Walter Reed Medical Centre today at 6:30 pm (EST).
Greenpro Cap +83.94%
Westwater Resources +44.80%
Nam Tai -23.54%
Cinemark Holdings -17.96%
AMC Entertainment -10.43%
It was a positive day all round for European indexes…
FTSE 100 +0.71%
STOXX 50 +0.90%
IBEX 35 +1.22%
CAC 40 +0.97%
$DKNG: -7.4% $59.06
DraftKings shares have plunged today after news that the company will offer 32 million shares of its Class A common stock.
The company said it intends to use the proceeds from the offering for “general corporate purposes.”
$MYOK: +58% $220.90
One of the biggest moving US stocks so far today is MyoKardia. The company and Bristol Myers Squibb announced a definitive merger agreement that will see Bristol Myer’s acquire MyoKardia in a deal worth $13.1 billion.
US Equities have started positively…
S&P 500 +0.98%
European equities are also trading higher so far today…
FTSE 100 +0.64%
STOXX 50 +0.72%
Regeneron Pharmaceuticals shares are up 5.35% at $30.20 premarket after US President Trump was treated with Regeneron’s experimental COVID-19 dual antibody.
Weir Group shares have surged as high as 1604p per share after the Glasgow-based company announced it is selling its oil and gas division to Caterpillar in a deal worth £314 million.
Weir has continued with its strategy of leaving the power and oil and gas markets.
Its shares are currently trading at 1481.5p, up 15.73%.
Cineworld shares have dropped over 50% as low as 15.64p after the company confirmed that all of its UK and US outlets will temporarily close.
The company also said it will be cutting jobs, with 45,000 workers affected worldwide.
Here is the full story: CINEWORLD SHARES CRASH 53% ON CINEMA CLOSURE PLANS
-We will start with Asia-Pac equities where it was an overall strong day. The Nikkei closed 1.23% higher while the ASX closed up 2.59%
-According to reports, US President Trump’s condition is improving and he could be discharged from hospital shortly
-Trump was treated with Regeneron’s experimental antibody treatment
-A call between UK Prime Minister Boris Johnson and the President of the European Commission, Ursula von der Leyen, has seen both sides agree to intensify trade talks. Goldman Sachs have said they believe there will be a thin zero-tariff FTA struck by early November
-On the calendar today we have European, UK and US PMI’s, European retail sales, and ISM non-manufacturing
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