Xi forcing for Asian digital union on the weekend, followed by GlobalWafers acquisition of European Siltronic. S&P Global to build financial data powerhouse acquiring IHS Markit. GM to rework Nikola’s partnership. What were the Monday’s top market news?
Global Insights
Chinese president Xi Jinping pledged to cooperate with Southeast Asia to establish a digital port to enhance digital connectivity. S&P Global to acquire IHS Markit, combining financial data providers in a record $39 billion transaction, the second-biggest deal this year.
S&P 500 3,610.75 -0.71%
NASDAQ 12,225.00 -0.26%
DJIA 29,526.00 -1.16%
FTSE 6,266.19 -1.59%
DAX 13,303.00 -0.36%
NIKKEI 26,433.00 -0.79%
HSI 26,341.49.75 -2.06%
SHANGHAI 3,391.76 -0.49%
VIX 22.90 +0.33%
WTI Oil 44.84 -1.60%
Nat Gas 2.9160 +2.57%
GOLD 1782.30 -0.32%
US Dollar Index 91.802 +0.01%
U.S. 10 Treasury Yield +0.84%
Corporate Stories
Taiwan’s GlobalWafers announced it is in final talks to buy German peer Siltronic AG for 3.75 billion euros or $4.5 billion.
General Motors announced a reworked agreement on a fuel-cell partnership with Nikola. EV startup lost almost aquarter of its valuation.
Market Sentiment
The market was bearish on Monday. Stocks cooled from last week’s gains, while VIX rose. The dollar index gained marginally on stock weaknesses. Oil fell due to OPEC+ discord on output cuts and 2021 policy.
