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.
A positive end to the day on Wall Street…
Netflix shares spiked after the company raised the price of its standard and premium plans to $13.99 and $17.99 per month from $12.99 and $15 respectively.
Its share price is currently up 4.78% at $509.70.
Universal Security Instruments +67%
Polar Power +40%
Rekor Systems +34%
Inphi Corp +29%
FTSE 100 +0.01%
STOXX 50 -0.19%
IBEX 35 -0.93%
CAC 40 -0.03%
Exxon Mobil plans to slash its global workforce by 15% meaning up to 1,900 jobs across the US could go.
US GDP Q3 QoQ
Royal Dutch Shell reported better than expected Q3 earnings and has announced plans to raise its dividend.
The company reported adjusted earnings of $955 million compared to a net profit of $4.77 billion in 2019 with adjusted earnings of $638 million.
Shell revealed it will raise its dividend by approximately 4% for Q3 2020 and annually going forward.
FTSE 100 +0.33%
STOXX 50 +0.50%
IBEX 35 +0.33%
CAC 40 +0.52%
-APAC equity markets followed Wall Street, trading mostly lower, although the majority of Chinese bourses traded positively
-The BoJ kept interest rates on hold
-Regeneron’s COVID-19 outpatient trial prospectively demonstrates that its REGN-COV2 antibody cocktail significantly reduced virus levels and need for further medical attention. Regeneron shares are up 2.29% after-hours
-Twitter and Facebook stock jumped after-hours following Pinterest’s huge earnings beat. Pinterest shares rallied 31% to $64.90
-On the economic calendar today we have German unemployment, EZ consumer confidence, US GDP and initial jobless claims, and the ECB’s interest rate decision
-Its a big day for earnings with Shopify, Nokia, Moderna, Spotify, Activision Blizzard, Apple, Amazon, Facebook, Twitter, and Alphabet all reporting along with a host of other companies
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