The tech company Microsoft (MSFT) and luxury company Tiffany (TIF) lifted the US stocks in the opening on Monday. Microsoft´s deal with the Pentagon cloud computing service, the value of over 10 billion dollars, raised the company shares. Microsoft was up 2,23 % and was trading at 143,87 dollars in New York.
The shares of the luxury house Tiffany rose over 30 % in the opening, after the French luxury group LVMH (LVMH) has made 120 dollar a share takeover bid of the US company during the weekend.
Tiffany´s shares opened at 127,65 dollars and was trading at 129,95 dollars after some analysts have raised the target price and upgraded their recommendations. Some market analysts think that Tiffany may get also interest from luxury rivals such as the Swiss Richemont (CFR) and the French Kering ( KER).
Richmond was also trading up, 2,93 % at 77,22 francs in Zurich, while the French Kering was trading down 0,66 % at 510 euros in Paris.
S&P 500 -index traded record high, while Nasdaq and Dow Jones are still some behind from their peaks. S&P 500 -index was up 0,5 % to 3039 points, Dow Jones was up 0,51 % to 2709 points and Nasdaq 0,84 % to 8312 points.
In London, where the Brexit-delay is now granted to the end of January 2020 if needed, the FT-SE 100 -index was trading also up 0,15 % to 7335 points. The UK Parliament will debate today about the elections and the possible days for it.