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Vodafone Newsroom
USA stock market outlook | Three major equity index futures rise together, awaiting the results of the US election
On November 5th (Tuesday) pre-market trading, the three major U.S. equity index futures all rose.
Vodafone, Three's U.K. Merger Could Benefit Mobile Coverage -- Market Talk
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Vodafone (VOD.US) and Three UK's £15 billion merger is expected to be approved by the United Kingdom regulatory institutions.
Vodafone's merger with Three UK, a subsidiary of CK Hutchison in the United Kingdom, worth 15 billion British pounds (approximately 19.5 billion US dollars), is expected to be approved on condition that both companies commit to a large-scale upgrade of the UK mobile network.
European stocks started off soft across the board, anticipating the approval of a merger. British telecommunications company Vodafone rose by 1.8%. US stock futures stabilized.
Market sentiment is cautious ahead of the US presidential election and this week's Fed meeting. In the Asia-Pacific region, major stock markets were mixed in the afternoon of the 5th. Mainland A-shares in Shanghai and Shenzhen closed up 2.3% and 3.2% respectively outperforming the region. The Japanese stock market extended trading hours by 30 minutes today, with the Nikkei index rebounding by over 1% for the whole day. Mumbai, India was affected by capital outflows, opening high but then falling. Major European stock markets started off soft overall, but the declines were moderate. Germany's DAX fell 43 points or 0.2% to 19,105. The UK's FTSE 100 dropped 5 points or 0.06% to 8,179. France's CAC declined 21 points or nearly 0.3% to 7,350.
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Express News | Market news: If vodafone takes remedial measures, the United Kingdom may approve vodafone's three trades.
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European Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading
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