1. Stocks boom: Investors are feeling downright cheery on Monday. Asian stocks turned in a banner day, with some major indexes posting gains of 1% or more. European markets opened in positive territory.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +104.00 | | +43.50 | | +8.75 | | +0.41% | | +0.61% | | +0.31% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | +354.83 | | +19.53 | | -4.54 | | 21,824.03 | | 3,326.70 | | 7,219.97 | | +1.65% | | +0.59% | | -0.06% | | | |
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| | | Biggest Winners | | Broadcom Ltd | +3.34% | | | | Micron Technology Inc | +3.15% | | | | Regeneron Pharmaceuticals Inc | +2.11% | | | | Western Digital Corp | +1.46% | | | Biggest Losers | | TechnipFMC PLC | -0.81% | | | | Red Hat Inc | -0.61% | | | | Perrigo Company PLC | -0.53% | | | | Newmont Mining Corp | -0.42% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Happy investors; Intel takeover talk; Prada optimism | By Alanna Petroff
Monday, March 12th, 6:17am | | | | 1. Stocks boom: Investors are feeling downright cheery on Monday. | | | | Asian stocks turned in a banner day, with some major indexes posting gains of 1% or more. European markets opened in positive territory. | | | | US stock futures were also higher. The Nasdaq, which hit a record on Friday, was poised to hit new highs. | | | | 2. Tangled takeovers: Tech shares could be on the move Monday after the Wall Street Journal reported that Intel is considering a bid for Broadcom. | | | | Broadcom has pursued a hostile takeover of rival Qualcomm in recent months, but it has so far been rebuffed. | | | | Intel does not want the Broadcom-Qualcomm deal to happen. The Wall Street Journal said that Intel could step in with a big offer for Broadcom if the takeover starts to appear likely. | | | | The Committee on Foreign Investment in the United States has expressed concerns that a Broadcom takeover of Qualcomm would undermine US efforts to stay ahead of China in the development of 5G tech. | | | | Shares in E.ON and RWE rose over 5% after the German energy companies announced a complicated asset swap. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. High fashion: Shares in Prada gained 15% in Hong Kong after the luxury brand reported a positive outlook for 2018. | | | | "We are starting to see concrete benefits from the numerous strategic initiatives currently under way and we are expecting a return to growth in 2018," said Prada CEO Patrizio Bertelli. | | | | 4. Deutsche Bank: The German lender has released more details ahead of an IPO of its asset management unit. The bank plans to sell 20% of the unit at a price of €30 ($37) to €36 ($44) a share. | | | | Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now! | | | | | | | |
| | | | | | Monday -- Toys 'R' Us expected to announce it's shutting in the US down after filing for bankruptcy in September
Tuesday -- Consumer Price Index report; Dick's Sporting Goods earnings
Wednesday -- Signet Jewelers earnings; US retail sales
Thursday -- Dollar General, Broadcom earnings
Friday -- Tiffany earnings | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $61.74 | -0.30 / -0.48% | | | Gold | $1,317.50 | -6.50 / -0.49% | | | 10-yr | 2.89% | 0.00 / 0.00% | | | Euro | $1.23 | +0.00 / +0.05% | | | |
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