Morning Report 13 Nov 22: US sharemarkets rebounded on Monday

The New York Federal Reserve released consumer survey data showing inflation expectations declined in November. Shares of Microsoft rose by 2.9% following the tech giant's cloud deal worth US$2 billion to buy a 4% stake in the London Stock Exchange Group. Biotech firm Horizon Therapeutics shares surged 15.5% following a buyout offer from Amgen (-0.7%). Shares of Coupa Software soared 26.7% after agreeing to sell itself to private equity firm Thoma Bravo. Boeing shares gained 3.8% following reports that the airline is close to a deal with Air India. The Dow Jones index closed up by 529 points or 1.6%. The S&P 500 index gained 1.4% and the Nasdaq index added 139 points or 1.3%.

 

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