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.
S&P 500 -1.13%
A slight recovery in US stocks.
$NNOX: -18% $28.60
Nanox Imaging shares have tumbled today.
The seems to be down to a report released by Citron Research saying that the stock is heading to $0 and that “the headline of their corporate homepage is fraudulent.”
Here is the full report…
$MSFT: -0.08% $200.22
Microsoft announced plans to acquire ZeniMax Media for $7.5 billion in cash earlier today.
ZeniMax, a gaming company, owns a number of high-profile publishers and will see games such as Elder Scrolls, Doom and Fallout come under Microsoft’s control.
FTSE 100 -3.39%
STOXX 50 -3.74%
The plunge in stocks has continued into the US session…
FTSE 100 -3.61%
STOXX 50 -3.81%
S&P 500 -2.52%
S&P 500 -1.94%
US indexes following their European counterparts into the red.
$NKLA: -27.46% $24.80
Shares of Nikola Corporation are set to gap lower on Monday after its founder Trevor Milton abruptly resigned from the position of the Executive Chairman on Sunday following Hindenburg’s scathing research report into the company. Here is the full story on its executive chairman stepping down…
Softcat shares are down 3.38% so far today trading at 1202p.
Shares of Supply@Me Capital PLC (LON: SYME) surged 67.4% after the company announced a strategic inventory funding agreement with a new “captive bank” worth up to €8 billion over the next five years…
Shares of a number of banks have plummeted this morning after leaked US government documents showed a number of large banks have ignored money laundering crackdowns.
Deutsche Bank -5.23%
Banco Santander -4.52%
Standard Chartered -3.51%
Here is the story from the BBC –
FTSE 100 -2.34%
STOXX 50 -1.84%
-Asian equity markets traded mostly lower overnight while US index futures are trading in the red
-Over the weekend, US President Trump said the Oracle deal for TikTok has his blessing
-Rumours circulated yesterday that Nikola Corp Executive Chairman, Trevor Milton has resigned
-In FX markets the US dollar is seeing a little strength so far this morning after weakening overnight
-On the calendar today we have speeches from ECB President Lagarde, and the Fed’s Brainard, Williams and Kaplan
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