Key Points To Watch Out For:
- Tesla shares rise 1.5% following launch of robotaxi service
- Northern Trust rises 4% on merger interest from BNY Mellon
- Fiserv jumps 6% on news of crypto and stablecoin platform
Exxon (XOM), Chevron (CVX), BP (BP), Occidental Petroleum (OXY): rebound after attack in Iran
Energy stocks rose modestly in premarket trading after the United States attacked nuclear facilities in Iran over the weekend. The event elevated tensions in the Middle East and raised alarms about a possible blockade of the Strait of Hormuz, which is key to global oil transportation. Investors rushed to oil-related assets, driving up the prices of major oil companies.
IAG (IAG), Air France-KLM (AF), Singapore Airlines (SG:C6L): declines after flight suspensions
Airline stocks fell slightly after several companies, including Air France, canceled flights to the Middle East after the attack. Although US airlines operated with little change, geopolitical unrest directly affected major European and Asian carriers.
Tesla (TSLA): rises after launching its long-awaited robotaxi service
Tesla rose 1.5% before the opening bell after formally launching its robotaxi service over the weekend. The rollout marks a key step in its autonomous driving and electric mobility strategy. The positive reaction mirrors expectations for continued growth in the autonomous segment.
Northern Trust (NTRS): jumps on possible merger with BNY Mellon
Northern Trust gained nearly 4% in premarket trading after reports that Bank of New York Mellon approached the firm to explore a potential merger. If completed, the deal would combine two key players in the trust industry. The market reacted favorably to the expected synergies.
Fiserv (FI): surges after announcing stablecoin platform
Fiserv shares rose 6% before the opening bell, boosted by the announcement of a new stablecoin platform designed for its 3,000 regional banking customers. The move looks to position the company as a key player in blockchain solutions. The initiative was well welcomed by the traditional financial market.
Novo Nordisk (NVO): falls after weak results from CagriSema
Novo Nordisk fell 2.6% on the Danish stock exchange after trial data for its experimental obesity drug, CagriSema, failed to live up to market expectations. The decline reflects the company’s high dependence on the clinical success of its new treatments.
Stellantis (STLA): down after internal restructuring under new CEO
Stellantis fell 2% in Milan after announcing an executive restructuring led by its new CEO, Antonio Filosa. The change marks a first step in his management, aimed at improving operational inefficiency. The market reacted carefully to the early adjustments.
Zhejiang Sanhua Intelligent Controls: weak debut in Hong Kong despite strong fundraising
Sanhua shares got off to a weak start in Hong Kong, despite raking in more than $1 billion in one of the biggest IPOs of the year. The muted initial reception suggests a lukewarm market response, despite the scale of the stock market debut.
