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.
Aurora Cannabis +70.15%
Modine Manufacturing +44.99%
Tilray Inc +33.89%
FTSE 100 +0.08%
IBEX 35 -0.77%
CAC 40 -0.46%
$GBT -33.94% $39.85
Global Blood Therapeutics stock has plummeted almost 34% after JPMorgan Chase & Co and Raymond James downgraded the stock due to underwhelming third-quarter results.
Urban & Civic +65.17%: The Welcome Trust Limited announce an agreement to acquire Urban&Civic for £506 million or 345p per share.
Sportech +34.94%: Sportech confirms it has received two approaches from Standard General about a possible cash offer for Sportech. The first offer was 25p per share and the next was 28.5p per share
Mears Group +27.92%: Mears Group announces it has entered into an agreement to sell TerraQuest Solutions to a new corporate private company. The deal values TerraQuest at £72 million
FTSE 100 -0.18%
STOXX 50 -0.42%
IBEX 35 -0.51%
CAC 40 -0.37%
-Still no confirmation on who will be the next US President, although Biden is edging ever close. Trump says that he wins “easily” with legal vote counts.
-The Federal Reserve has held interest rates near zero as the economy continues to grow, but not near pre-pandemic levels. The Fed kept its benchmark interest rate between 0%-0.25%.
-APAC markets were mixed overnight with Chinese Bourses moving lower
-Uber’s delivery revenue for Q3 was up 125%
-In FX markets, risk currencies are continuing to make gains
-On the economic calendar today we have Canadian unemployment data, Ivey PMI, and US non-farm payrolls
-The earnings calendar sees names such as CVS Health, ViacomCBS, Immunogen, and Marriott reporting
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