Global stocks are broadly lower, along with government-bond yields and commodity prices, amid renewed anxiety around the Delta variant of Covid-19 and inflation. Here’s what we’re watching ahead of Monday’s open. Full market wrap here.
investors are high-fiving each other this morning. Videoconferencing service
plans to acquire the cloud-based customer-service software provider in an all-stock deal valued at $14.7 billion. Five9 shares jumped 8.7% premarket; Zoom slid 2.2%.
- U.S. crude prices are down 2.8% this morning, and the shares of major producers are slip-sliding on down with them.
was down 4.1% premarket,
Mobil fell 2.4% and
- Shares of
bucked the downbeat mood of the day to jump 3.4% premarket. It is merging with
in an all-stock deal. Kite’s shares haven’t budged.
- A SPAC deal and a price bump: Shares of blank-check company
added 2% premarket. Italian luxury group Ermenegildo Zegna plans to raise around $880 million by combining with the U.S. SPAC.
the blank-check company led by hedge-fund manager
said it won’t proceed with its proposed acquisition of a 10% stake in Universal Music Group. The SPAC’s shares slipped 0.6% ahead of the bell.
are among the companies reporting earnings Monday.
Chart of the Day
- Growth likely hit a high point in the second quarter and will slow as the boosts from fiscal stimulus and reopenings fade, economists say.
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