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.
General Motors (GM) said it plans to hire 3,000 new employees across engineering, design and IT to help its efforts to develop more electric vehicles and the software that runs them.
$GM shares are up 4.80% at $39.27 heading into the last half hour of trading on Monday.
Beyond Meat shares spiked higher momentarily after a spokesperson for the company said “Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform.”: Via @CNBCnow
European equity markets have closed after a strong day. Of course, the reason for the surge was the announcement about Pfizer’s coronavirus vaccine…
FTSE 100 +4.66%
STOXX 50 +6.35%
IBEX 35 +8.68%
CAC 40 +7.57%
Cogent Biosciences +295.51%: Cogent reports Q3 earnings
AMC Entertainment +56.02%: AMC Entertainment shares rise to $3.89 per share after Pfizer vaccine announcement.
Hawaiian Holdings +42.13%: Airline stocks surge after Pfizer announcement
The vaccine news has also impacted gold’s price…
The yellow metal has plummeted over 4.5% to $1,862 after starting the day around $1,960.
With markets rallying all over the place, here’s how US equity futures are getting on…
The Dow is set to surge 5.93% at the open to record highs
The S&P is up 4.54%
And te Nasdaq is up 1.27%.
In big coronavirus news, Pfizer and BioNTech have announced that their jointly developed coronavirus has proven to be 90% effective.
Pfizer shares have rallied 14% premarket to $41.68,
Countrywide +44.83%: COUNTRYWIDE SHARE PRICE EXPLODES ON TAKEOVER BID FROM CONNELLS
Chariot Oil & Gas +28.64%
One Media IP +19.03%: One Media released a trading update saying it expects to report revenue for the year at £4 million, a 14% increase compared to 2019. The company also announced the formation of a subsidiary, TCAT Limited.
Braime Group +15.94%
Tanfield Group -21.19%
FTSE 100 +1.55%
STOXX 50 +1.72%
IBEX 35 +1.58%
CAC 40 +1.71%
-There is only one place to start, on Saturday a number of media outlets declared Joe Biden as the winner of the election, of course, current President Trump is yet to concede
-APAC indices traded positively with the Nikkei gaining 2.12%
-US equity futures are all up over 1% on optimism of a Biden presidency
-The US dollar continued to weaken as risk-on currencies made gains
-There is very little on today’s economic calendar with the German balance of trade the main data point to look out for
-Company’s reporting earnings today include Plug Power, Beyond Meat, Novavax, Nikola Corp, Workhorse, McDonald’s, Tilray, Inovio, Aurora, Norwegian Cruise Line, and Nautilus
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