News
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Carvana, CRH gain on S&P 500 inclusion
Shares of Carvana CVNA.N rise 8.9% to $435.38, while CRH CRH.N adds 6.8% to $127.56 premarketOnline used car retailer CVNA and construction materials maker CRH set to join the S&P 500 .SPX, effective prior to the opening of trade on December 22Construction firm Comfort Systems USA FIX.N also set...Reuters
Mon, Dec 8
Confluent soars after report IBM nears $11 bln acquisition deal
Shares of data-streaming platform Confluent CFLT.O jump 31.6% premarket to $30.45IBM IBM.N is in advanced talks to acquire CFLT for about $11 billion - WSJ reportsReuters reported in October that CFLT was weighing a potential sale and had tapped an investment bank for the process CFLT has a market c...Reuters
Mon, Dec 8
Tesla slips after Morgan Stanley downgrade on limited upside
Tesla TSLA.O shares slip nearly 1% to $451.08 premarketMorgan Stanley analyst Andrew Percoco in note dated Sunday assumes coverage of the stock with "equal-weight" down from "overweight"; MS last downgraded Tesla in 2023With shares trading at 30-times estimated 2030 EBITDA, Morgan St...Reuters
Mon, Dec 8
Robinhood rises on bitcoin surge; co plans to enter Indonesia
Shares of online trading platform Robinhood Markets HOOD.O up 2.3% at $134.92 premarket after bitcoin up almost 2%Co plans to enter Indonesia via acquisitions of brokerage Buana Capital Sekuritas and licensed crypto trader Pedagang Aset KriptoDeal marks HOOD's first push into Southeast Asia, tap...Reuters
Mon, Dec 8
Deutsche Bank picks Heidelberg, Holcim on stable fundamentals
Deutsche Bank picks Heidelberg Materials HEIG.DE, Holcim HOLN.S as "top picks" in building materials sectorCites resilient fundamentals across 11 key countries, notes Ukraine ceasefire would boost sentiment furtherDecarbonisation remains a structural tailwind, with cement producer margins co...Reuters
Mon, Dec 8
Deutsche Bank downgrades 3M to 'hold' on limited upside potential
Shares of Post-it maker 3M MMM.N fall nearly 1% to $165.63 before the bell Deutsche Bank downgrades stock rating to "hold" from "buy"; trims PT to $178 from $199 Brokerage says co's CEO, Bill Brown, has outlined a credible 2025–27 plan and provided regular updates showing faster-...Reuters
Mon, Dec 8
'Born digital' - Auto1 rises after Jefferies initiates at 'buy'
Shares in AUTO1 Group AG1G.DE are up 4.1% after Jefferies initiates coverage of the German online car platform with "buy"Jefferies says the "born digital" company is driving a long overdue digitalisation of the European automotive wholesaling and retailing industry"As a born-digi...Reuters
Mon, Dec 8
J.P. Morgan starts SanDisk coverage with 'neutral' rating
Shares of data-storage device maker SanDisk SNDK.O rise 1.9% to $232.85 premarketJ.P. Morgan initiates coverage with "neutral" rating and $235 PT, implying a 2.8% upside to stock's last close. Shares have more than doubled this yearSNDK's data center revenue is set to triple in FY25,...Reuters
Mon, Dec 8
Carvana set to join S&P 500, shares jump
Dec 8 (Reuters) - Shares of Carvana CVNA.O rose in premarket trading on Monday, as the online used‑car dealer secured a spot in the benchmark S&P 500 index.The stock was last up 8.6% at $434.35 premarket, looking to extend its 10-day winning streak.S&P Dow Jones Indices said late on Friday t...Reuters
Mon, Dec 8
LIVE MARKETS-Nudging down
STOXX 600 down 0.15%, U.S. futures up slightly Magnum lists after spinoff from Unilever Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com. NUDGING DOWN European shares are down a t...Reuters
Mon, Dec 8
GLOBAL MARKETS-Stocks hold ground as markets eye Fed rate cut
Global stocks flat, Wall Street fractionally firmerChina stocks gain as Nov exports top forecasts Fed expected to deliver hawkish rate cut on WednesdayRates set to stay on hold in Canada, Switzerland, AustraliaBy Iain Withers and Wayne Cole LONDON/SYDNEY, Dec 8 (Reuters) - Stocks held their g...Reuters
Mon, Dec 8
PRECIOUS-Gold rises on Fed rate cut expectations, weaker dollar
Dollar near over one-month lows Silver hit a record high of $59.32/oz on FridayMarket price in 87% chance of Dec rate cut- CME FedWatchBy Pablo Sinha Dec 8 (Reuters) - Gold prices rose on Monday, driven by growing expectations of a U.S. interest rate cut that pressured the dollar, ahead of a Fed...Reuters
Mon, Dec 8
EMERGING MARKETS-EM assets pause as Fed decision looms, geopolitics in focus
Stocks up 0.04%, currencies 0.03% lowerData shows China exports topped forecastBorder clashes hit Thai equitiesBy Niket Nishant Dec 8 (Reuters) - Emerging market assets were flat on Monday following two days of gains, as investors held their moves ahead of the U.S. Federal Reserve's interest...Reuters
Mon, Dec 8
Premarket Movers | Big Techs Mostly Jump With TSMC, Oracle, Broadcom, Micron, Netflix Rising over 1%; Crypto Shares Gain With BitMine up over 5%; SBET up 4%
Big tech stocks mostly rose in premarket trading. TSMC, Oracle, Broadcom, Micron, Netflix shares rose over 1%.Crypto shares jumped in premarket trading. Strive, BitMine up over 5%; SharpLink Gaming up 4%; Canaan, Strategy, Riot Platforms DeFi Tech, MARA Holdings, Circle, Coinbase up over 2%.Tiger News
Mon, Dec 8
Premarket Movers | Confluent Rockets 27%; iRobot Soars 12%; Carvana Pops 9%, CRH Rises over 6% After S&P 500 Inclusion; DXYZ Advances 7%; Marvell Falls 3%
IBM is in advanced talks to acquire data infrastructure company Confluent for about $11 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Confluent shares surged about 27% on the news in premarket trading.Shares of Carvana Co. rallied 9% in premarket tradin...Tiger News
Mon, Dec 8
Japan's Nikkei buoyed by stable yen; SoftBank's slide caps gains
By Kevin BucklandTOKYO, Dec 8 (Reuters) - Japan's Nikkei share average edged higher on Monday, supported by a pause in recent yen strength and a rebound in property shares, but was held back by sharp declines for heavyweight stock SoftBank Group.Although market expectations are building for a Ba...Reuters
Mon, Dec 8
Whirlpool of India falls after Reuters reports talks with Advent for $1 billion stake collapse
Whirlpool of India WHIR.NS falls 3.78% to 913.60 rupeesPrivate equity firm Advent International's talks to acquire WHIR for up to $1 billion collapse due to disagreements over valuation, Reuters reportsAdvent had emerged as front-runner to acquire 31% stake in WHIR from U.S.-based parent Whirlpo...Reuters
Mon, Dec 8
UK's PureTech climbs after successful US FDA meeting
Shares of PureTech Health PRTC.L up 4.1% at 127pStock among top gainers on FTSE Small Cap index .FTSC, which is flatCo announces successful End-of-Phase 2 Meeting with FDA for Deupirfenidone (LYT-100) in Idiopathic Pulmonary FibrosisYTD, including session’s gains, stock down about 15%, while .FTSC i...Reuters
Mon, Dec 8
UK Stocks-Factors to watch on December 8
Dec 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening little changed on Monday, with futures FFIc1 down 0.02%.SMITH & NEPHEW: Smith & Nephew SN.L raised its 2025 free cash flow forecast to around $800 million and unveiled new medium-term targets ahead of its Capital Markets Da...Reuters
Mon, Dec 8
LIVE MARKETS-Europe before the bell: Watch rate sensitive sectors
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com. EUROPE BEFORE THE BELL: WATCH RATE SENSITIVE SECTORS It could be a muted start to the week in European stocks. At least, that'...Reuters
Mon, Dec 8
