Written by Gary
Factory activity in New York slows again in November (SPY +0.9%). Stocks making the biggest moves in the premarket: Moderna, Casper Sleep, Uber, Tapestry.
Here is the current market situation from CNN Money | |
European markets are broadly higher today with shares in London leading the region. The FTSE 100 is up 2.04% while Germany’s DAX is up 1.21% and France’s CAC 40 is up 0.33%. |
What Is Moving the Markets
Here are the headlines moving the markets. | |
Blackrock and Fidelity Are Betting Big On This $130 Trillion Mega-TrendThis isnt just a megatrend. Its a movement in Big Money, and its the most profound redistribution of investment that the worlds biggest asset and wealth managers have recently seen. Big money is fleeing anything thats not sustainable. By 2022, PwC says that 77% of institutional investors will stop buying non-ESG products entirely. ESG fund assets will account for over 50% of all European fund assets by 2025. Thats nearly $8 trillion. And its only the beginning. Europe | |
25 Energy Stocks To Buy Or Sell After The ElectionThe current year has been a start-to-finish nightmare. Some pundits saw it coming thanks mainly to escalating trade tensions, yet current events have surpassed their expectations and blindsided everybody. After all, virtually nobody foretold a global pandemic that would devastate the global economy, and few predicted the snafu that would ensue after a hotly contested U.S. presidential election. The recent positive development of a new Covid-19 vaccine has been dampened by the growing specter of a sitting president refusing to concede and | |
Why The Oil Industry Is Set To Thrive For Decades To ComeModern innovation is helping the oil industry to keep up with the competition by cutting costs, addressing safety concerns, and incorporating better data analytics to continually improve upon existing systems. As we face increased global uncertainty over the demand for oil as well as its price, digitalization and the introduction of new technologies will help the industry to tackle these challenges head-on. Supply chain costs have always been one of the oil and gas industries major costs, a cost that has been rising in recent years. Due to | |
China Is Rapidly Expanding Its Oil Resources In AfricaChina is making a major power play to expand its global energy influence. The United States has long played an outsized role in global geopolitics and energy markets thanks to the shale revolution which jettisoned the country to the top of the fossil fuel food chain. But if youve been keeping up with any headlines out of the Permian Basin over the last few years, you know that the shale revolution is dead. As oil prices remain disastrously low, the U.S. is losing its foothold in global oil and energy markets, and when the dust clears and | |
Brazil Is Emerging As The Worlds Leading Offshore Oil ProducerSharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazils epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the worlds second-largest economy. The scale of Brazils deep-water offshore oil boom is underscored by the pre-salt Tupi oilfield which for the third quarter of 2020 reached the impressive milestone of having pumped two billion barrels of accumulated oil production in the decade since commercial | |
Is Tesla Too Ambitious For Its Own Good?A decade since its public debut, Tesla Inc. (NASDAQ:TSLA) has evolved from a somewhat nondescript if overreaching EV startup into one of Wall Street’s most popular growth stocks. TSLA has continued taking out fresh highs, going on another parabolic run that saw it climb a dizzying 400% in the year-to-date as the company continues to defy bearish expectations that low oil prices and a crippling pandemic would put a damper on its business. The EV king certainly did not disappoint during its latest earnings call, managing to not only beat delivery | |
Moderna says preliminary trial data shows its coronavirus vaccine is more than 94% effective, shares soarModerna said preliminary phase three trial data shows its coronavirus vaccine is more than 94% effective in preventing Covid-19. | |
The creator of the Pfizer-BioNTech vaccine says life could return to normal by next winterProfessor Ugur Sahin, co-founder and chief executive of BioNTech, also suggested the coronavirus vaccine could halve transmission of the virus. | |
Emirates, Etihad tap Israel for growth as new business ties deepenEtihad Airways is set to launch daily scheduled flights to Tel Aviv, in another sign that Emirati business is actively tapping Israeli markets for reciprocal growth opportunities. | |
Mall owners Simon and Taubman revise merger terms, with $800 million price cutUnder the new deal, Simon Property Group will now pay $43 per share for Taubman Centers, down from an original price of $52.50. | |
5 things to know before the stock market opens MondayDow futures soared Monday after Moderna said its preliminary trial data showed its coronavirus vaccine was more than 94% effective. | |
How real-time geolocation data could help your train run on timeThe tech that underpins rail networks is changing as operators attempt to boost performance. | |
‘We could effectively end this pandemic in 2021’ with Pfizer and Moderna Covid vaccines“If these full data sets hold, when the full data comes out, we may have two highly effective vaccines against Covid,” Dr. Scott Gottlieb told CNBC on Monday. | |
American slashes London flights in December due to weak demandAmerican is cutting flights from several hubs to London in December to match weak demand | |
National lockdown to contain Covid surge is a ‘measure of last resort,’ top Biden health advisor saysDr. Vivek Murthy, a former U.S. surgeon general, said on Sunday that widespread closures of businesses is a “measure of last resort.” | |
Walmart resumes counting customers in stores and grocers reinstate limits on toilet paper as coronavirus cases surgeWalmart beginning Saturday is starting to monitor and count the number of customers entering its stores, again, as Covid cases surge in the U.S. | |
Emirates working with Pfizer, others on vaccine transport ‘challenge’Emirates said it was working with Pfizer on the complex logistics of transporting its vaccine to the world. | |
Emirates eyes return to profitability in 2022 as new travel corridors openEmirates expects to return to profitability in the next two years, as new travel corridors open and the global aviation industry attempts to rebound from the worst crisis in its history. | |
First Europe, Then Japan, Now Australia Hit By Unprecedented Full-Day Trading Halt Due To “Software Glitch”First Europe, Then Japan, Now Australia Hit By Unprecedented Full-Day Trading Halt Due To “Software Glitch” Tyler Durden Mon, 11/16/2020 – 08:22 First, it was a “technical issue” in Europe which back on July 1 caused European stock markets to suffer a 3 hour outage. Then, in August, New Zealand’s stock market was forced to halt trading over four days in August after distributed-denial-of-service attacks overwhelmed its website. Then on October 1, another “technical issue” hit the Tokyo Stock Exchange, which resulted in an unprecedented all-day trading halt. And just a few weeks later, in late October, trading in all stocks and derivatives on Euronext NV markets was shut down for three hours affecting activity in countries including France and Belgium. The problem was traced to due to a software issue. Now, about a month later, the “glitching” rolling market blackout struck again, this time in Australia whose stock exchange opened for less than half an hour before a software issue forced it to close for the rest of Monday’s session, just as the country rolled out an “updated” trading system. According to a statement from the exchange, the software issue was limited to the trading of multiple securities in a single order, or combination trading … | |
New Jersey Follows Washington, Michigan By Tightening COVID-19 Restrictions: Live UpdatesNew Jersey Follows Washington, Michigan By Tightening COVID-19 Restrictions: Live Updates Tyler Durden Mon, 11/16/2020 – 08:10 Summary: NJ lowers limit on private indoor gatherings More states tighten restrictions Merkel urges more restrictions on private gatherings Mexico passed 1 million cases Global cases are nearing 54.5 million Hungary reported a record jump in cases Iran sees new record South Korea reports most new cases in 11 weeks * * * Update (0800ET): After reportng back-to-back records for daily case counts in the Garden State, New Jersey Gov Phil Murphy has just announced plans to lower the state’s limit on private indoor gatherings from 25 to just 10. * * * More US states tightened restrictions on operating hours for non-essential businesses (including restaurants and bars) on Sunday evening, including Washington State and Michigan, who imposed some of the most restrictive measures since the post-LDW surge began. As Dr. Fauci reminded us over the weekend, more data on the leading vaccine projects in the West is expected this week, with the FDA expected to deliver i … | |
The Housing Bubble Is Even Bigger Than The Stock Market BubbleThe Housing Bubble Is Even Bigger Than The Stock Market Bubble Tyler Durden Mon, 11/16/2020 – 08:07 Authored by Mike Shedlock via MishTalk, Economist Robert Shiller compares bubbles. | |
S&P Futures Surge, Nasdaq, Treasuries Plunge On “Game-Changer” Moderna Covid VaccineS&P Futures Surge, Nasdaq, Treasuries Plunge On “Game-Changer” Moderna Covid Vaccine Tyler Durden Mon, 11/16/2020 – 07:31 Last night, when discussing the euphoric surge in Sunday markets, we said that the move is on expectations that the “Moderna covid vaccine may hit as early as tomorrow, and a favorable outcome would have a similar result to last Monday’s Pfizer surprise which sent the S&P as high as 3,668 before fading much of the losses.” Well, we were right because just before 7am, Moderna picked up where Pfizer left off exactly one week ago last Monday, when the biotech company announced that Moderna’s Covid-19 vaccine was 94.5% effective in a preliminary analysis of a large late-stage clinical trial, or in other words even more effective than Pfizer’s vaccine which had shown 90% efficacy. Analysis from more than 30,000 volunteers showed the vaccine prevented virtually all symptomatic cases of Covid-19, while only five participants who received two doses of the vaccine became sick, compared with 90 coronavirus cases in participants who received a placebo. The vaccine also appeared to be effective in preventing the most serious infections. “That for me is a game-changer,” Moderna CEO Stephane Bancel said, noting perhaps most im … | |
Clintons boss: Supermarkets selling greeting cards ‘grossly unfair’Supermarkets should not be able to sell non-essential goods in lockdown, says boss of Clintons cards. | |
FTSE 100 and shares jump on second Covid vaccine hopesNews of a breakthrough by US drugs firm Moderna follows last week’s positive results from Pfizer. | |
Health and beauty boss Matthew Moulding in line for £830m payoutThe owner of the firm behind Lookfantastic is set for one of the biggest payments in UK corporate history. | |
Consumer sector companies report a faster sequential recovery in Q2While analysts believe that the trend may sustain, some economists expect a more gradual pace of recovery in anticipation of abatement in pent-up demand and moderation in spending after the festive season. | |
FinMin invites bids from actuarial firms for valuing LIC ahead of IPOIn the bid notice, the Department of Investment and Public Asset Management (DIPAM) said LIC needs to develop an Indian Embedded Value (IEV) reporting framework for necessary disclosures for the proposed Initial Public Offering (IPO). | |
Ruchi Soya to launch FPO next year, says Swami RamdevPatanjali Group has run Ruchi Soya efficiently after the acquisition last year, he said, and expected higher growth during the current fiscal year. | |
: Zoom, Peloton, Netflix stocks among stay-home names declining after upbeat Moderna vaccine announcementShares of stocks that benefitted from stay-at-home trends are falling again Monday after Moderna Inc. put out a news release saying that its COVID-19 vaccine candidate was found to be 94.5% effective in a Phase 3 trial. | |
: New ‘mega labs’ to open in early 2021, doubling U.K. government’s COVID testing capacityFacilities will employ 4,000 and increase the number of PCR tests by 600,000 a day. | |
Bond Report: Treasury yields climb after Moderna announces positive vaccine newsU.S. Treasury yields rise on early Monday’s trade as Moderna announces its COVID-19 vaccine candidate was 94.5% effective, bolstering sentiment in risk assets. |
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