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.
After a positive open US indices have closed in the red…
According to CNN BioNTech and Pfizer will seek Emergency Use Authorisation for its coronavirus vaccine on Friday.
The news comes after the company said its vaccine passed Phase 3 trials with 95% effectiveness, meeting all primary efficacy endpoints.
Financial and oil & gas stock looking the strongest so far today…
FTSE 100 +0.30%
STOXX 50 +0.37%
IBEX 35 +0.58%
CAC 40 +0.52%
NIO shares are down 5% at $44.26 despite the company reporting a record-breaking quarter.
Here’s our story on its third-quarter: ELECTRIC CARMAKER NIO REPORTS A RECORD-BREAKING QUARTER
Shares of Nikola Corp (NASDAQ: NKLA) have spiked after General Motors (NYSE: GM) mentioned Nikola’s EV technology on its website, suggesting that a partnership agreement is in place.
$NKLA +15.34% $25.44
$GM +3.76% $43.56
Micro Focus International +27.64%: MICRO FOCUS INTL (MCRO) SHARES SURGE 28.2% ON UPBEAT FULL-YEAR MARGINS
Anglesey Mining +19.15%
FTSE 100 -0.42%
STOXX 50 -0.18%
IBEX 35 -0.21%
CAC 40 -0.22%
Indexes in the APAC region were mixed following on from the negative close on Wall Street. US futures are currently down.
The UK government has been urged to strengthen tier restrictions or risk another surge in cases. Yesterday the death toll was 598, the biggest jump since May.
In Scotland, eleven local authorities entered level four of Scotlands five level tier system.
In the US, cases continue to surge, reaching record numbers in recent days.
France tops 2 million cased.
A report from the Telegraph says that France has understood to have accepted there will be reduced access to UK waters for fishing after the transition period ends. In the same report, it says that the Irish prime minister claims “landing zones” are in sight for a Brexit trade deal.
However, Downing Street is said to have pushed back on the idea of an imminent deal.
NIO reported strong sales momentum in its third-quarter results.
Companies reporting earnings today include Target, Nvidia, Lbrands, Sonos, TJX, and Kingsoft Cloud.
UK and Eurozone inflation data, Canadian inflation, and speakers from the Bundesbank, BoE, BoC, and Fed.
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