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.
Financial and energy stocks are leading the charge today…
Mobility technology firm Magna International’s (NYSE: MGA) and technology company LG Electronics announced a joint venture on Tuesday evening that will see them manufacture e-motors, inverters, on board chargers and, for some automakers, related e-drive systems.
Shares of Scopus BioPharma are staging a strong rally on Wednesday despite there being no stock related news from the company.
Scopus shares are trading 37.79% higher at $18.05 following Tuesday’s close at $13.10.
The company debuted on the Nasdaq on the 16th of December, opening up at $7.70 before moving to highs of $47.86 before beginning to settle around the $16 mark.
Nikola Corp (NASDAQ: NKLA) shares are falling premarket on Wednesday after it was revealed that the electric vehicle company’s collaboration with Republic Services (NYSE: RSG) has been discontinued.
Reports and rumours are that a Brexit deal has been completed. Political Correspondent at Sky News, Joe Pike tweeted to say that a Downing Street source told him a deal is done.
The GBPUSD has taken off, up 1.44% at 1.3543.
Shares of independent oil and gas exploration company, Cairn Energy (LON: CNE) are surging on Wednesday after India was ordered to pay $1.2 billion following arbitration proceedings in a tax dispute.
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