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Germanys DAX index rose by about 0.7%, hitting a record high. A German government spokesman said earlier that German Chancellor Merz and Trump agreed on the need to quickly resolve the trade dispute during a phone call.Germanys DAX30 index opened up 131.20 points, or 0.56%, at 23480.50 points on May 9 (Friday); Britains FTSE 100 index opened up 39.42 points, or 0.46%, at 8571.03 points on May 9 (Friday); Frances CAC40 index opened up 38.04 points, or 0.49%, at 7732.48 points on May 9 (Friday); Europes STOXX 50 index opened up 14.01 points, or 0.26%, at 5302.95 points on May 9 (Friday); Spains IBEX35 index opened up 26.36 points, or 0.20%, at 13504.06 points on May 9 (Friday); Italys FTSE MIB index opened up 242.70 points, or 0.62%, at 39217.00 points on May 9 (Friday).Bank of America: U.S. stocks saw $9.3 billion in outflows in the week ending Wednesday, and the four-week cumulative outflow was the largest since May 2023.Switzerlands consumer confidence index in April was -43, expected to be -33, and the previous value was -34.8.May 9th, the U.S.-UK trade deal initially prompted optimism that deals with other countries might follow. However, analysts say the initial positive impact on the market is fading because the agreement is limited in scope and 10% tariffs remain in place in most cases. "The agreement (or rather its lack of an agreement) is not very significant and does not necessarily give the impression that more substantial results are expected in negotiations with other countries," said Volkmar Baur, an analyst at Commerzbank, in a report.

Twitter Shares Fall as Musk's $44 Billion Take-Private Deal Faces "Serious Danger"

Charlie Brooks

Jul 08, 2022 11:08


During Thursday's after-hours trade, it was reported that Twitter's $44 billion take-private plan with Elon Musk is in "serious danger" as a result of Musk's decision to pull back fundraising efforts owing to continuous worries over spam accounts.


After-hours trading for Twitter Inc (NYSE:TWTR) declined by more than 3 percent following the news.d


According to unnamed sources cited by the Washington Post, Musk and his team suspended fundraising efforts for the acquisition after concluding that Twitter's data on spam accounts are unverifiable.


Twitter has stated that it deletes over 1 million spam accounts everyday and believes that bot accounts account for less than 5% of its user base. In an attempt to allay Musk's concerns, the social media behemoth has recently disclosed a plethora of data, but Musk's team remains skeptical and believes "they do not have enough information to analyze Twitter's financial prospects," according to a report citing sources.



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