Spreadex Market Update

$12 billion takeover move keeps markets above water



KKR made a $12 billion bid for Telecom Italia today, pushing UK telecom companies higher.

This optimism was extended thanks to a Bloomberg report that the maker of Corona beer, Constellation Brands, is exploring a deal to join with energy drink company, Monster Beverage.

Both Vodafone and BT are up over 2% today, allowing the FTSE (+0.61%) to gain despite continued fears of COVID-19 lockdowns, and high energy prices.

However, these gains could be short lived as there are talks of Germany following Austria’s actions of going into another lockdown, as cases continue to rise across Europe.

Energy prices also continue to dampen any large advances, especially with news today that the 7th largest energy supplier, Bulb Energy, has gone into administration.

US stocks opened positively today as the White House confirmed Jerome Powell as their nomination for chairman of the Federal Reserve.

The DOW and the S&P are both flying at +0.76% and +0.72% respectively, as Financials and technology stocks jumped with the news.

US markets are likely to be slightly more volatile this week, considering the number of important announcements this week from GDP data, to figures affecting inflation.

SEARCH FOR AN ARTICLE:

Enter a keyword and search for all relevant articles

MARKET ANALYSIS

RECENT POSTS

Economic Diary

14.11.24

Read More

Financial Trading Blog

Alibaba, Tencent Brace for China's Economic Challenges

Read More

Daily Market Update

13.11.24 Wednesday Morning

The euro has slumped to near a one-year low against the US dollar as traders fretted about the chance of higher tariffs...

Read More

Economic Diary

13.11.24

Read More

Daily Market Update

12.11.24 Tuesday Afternoon

In the wake of Donald Trump's victory, cryptocurrencies have surged with Bitcoin at record highs near $90,000 and other...

Read More

Daily Market Update

12.11.24 Tuesday Morning

Bitcoin soared to nearly $90,000 amid strong flows into US Bitcoin ETFs as President-elect Trump’s Republican Party...

Read More

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.