This is what you need to know to trade today, Monday, November 21:
Equity markets are down ahead of the US open as China concerns weigh on sentiment. China has recorded its first covid death in more than six months. Equity markets in Asia fell as risk aversion became the dominant theme. This caused the dollar to rise, and oil also fell. This has held up in the European session. Disney (DIS) is one of the companies that has risen the most before the market opens, as its former CEO, Bob Igor, takes the helm again and investors rejoice as its shares rise 10%.
The Dollar Index is now at 107.75, while Gold is down to $1,745. Oil has dropped to $79.67 and Bitcoin is trading at $16,100.
European markets rise, while the EuroStoxx is down 0.4%.
US futures are also down, with the Nasdaq shedding 0.5%, while the Dow is flat, and the S&P down 0.4%.
Top Wall Street News
Reuters headlines
Imago Biosciences Y Merck & Co: The drugmaker said it would acquire cancer drug developer Imago BioSciences for a total share value of $1.35 billion.
Company walt disney: Bob Iger returns to media company as CEO.
BP: Workers at the Rotterdam refinery, which is currently out of commission, will not help restart operations unless their wage demands are met, union leaders have said.
broadcom Y vmware: Britain’s competition watchdog said it was looking into whether US chipmaker Broadcom’s $61 billion acquisition of cloud computing company VMware could substantially reduce competition.
Manulife Financial: The company has become the first foreign financial company to receive regulatory approval in China.
Suncor Energy: The company extinguished a small fire at a pump at its Commerce City, Colorado, refinery, which produces 103,000 barrels a day, on Saturday afternoon.
taiwan semiconductors: The Taiwanese chipmaker plans to produce technology-advanced 3-nanometer chips at its new factory in the US state of Arizona.
Tesla: The electric-vehicle maker is recalling more than 321,000 vehicles in the United States because taillights may stop flashing.
Ups and downs
Source: WSJ.com
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
