Global Markets Update: Honda Merger, UK Economic Growth, MicroStrategy's Bitcoin Surge

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. The two companies announced on Monday. The merged group has the potential to deliver revenue of 30 trillion yen ($191.4 billion) and operating profit of more than 3 trillion yen, said Honda CEO Toshihiro Mibe. Shares of Honda popped 12.7% after Mibe's news conference.

Taiwan Semiconductor Manufacturing Company on the back of a strong showing by large tech stocks. The New York Stock Exchange closes early Tuesday for Christmas Eve. Europe's regional economy grew by 0.2% in the three months ending September, according to revised figure from the Office for National Statistics, published Monday. Previous estimates had pegged third-quarter gross domestic product at 0.1%. Earlier this month, data from the ONS showed the U.K. economy had unexpectedly enjoyed two successive years when it's gained more than 20%. And there are still stocks with plenty of room to grow in 2025. CNBC Pro usedFeeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly newsletter. MicroStrategy shares slumped 8.8% on its first day in the Nasdaq-100 index, following the cryptocurrency's price falling to below $93,000 on Monday. That said, MicroStrategy is still among the best-performing U.S. tech companies valued at $5 billion or more, according to FactSet data. Its shares have rocketed 426% so far this year, mostly thanks to the company's heavy bitcoin investments. With the rally in bitcoin following Donald Trump's election victory, MicroStrategy's bitcoin holding is now worth around $42 billion. It's the basis for the company's market capitalization ballooning to $82 billion from roughly $1.1 billion from the time it began buying bitcoin in bulk. Investors looking to ride on MicroStrategy's explosive rise should remember that the company's share price is currently trading on the back of bitcoin price

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Global Markets Roundup: Honda Merger, UK GDP Growth, and MicroStrategy's Bitcoin SurgeThis news roundup covers a range of global market developments, including the announcement of a merger between two major companies, positive economic growth in the UK, and MicroStrategy's success in the cryptocurrency market.
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Fed Rate Cut Expected, Honda-Nissan Merger Rumors Stir MarketsInvestors anticipate the Federal Reserve's third consecutive rate cut, focusing on economic projections and Chair Jerome Powell's comments for insights into future rate actions. Meanwhile, rumors of a possible merger between Honda and Nissan are adding volatility to the market. The Dow Jones Industrial Average continued its decline, and oil prices fluctuated as traders await the Fed's decision and consider the impact of new sanctions on Russia's energy exports.
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Asia markets begin Christmas week higher; Nissan-Honda merger deal in focusInvestors will be looking out for any official announcement related to the merger of Japanese automakers Honda Motor and Nissan Motor.
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Asia-Pacific markets begin Christmas week higher; Nissan-Honda merger deal in focusInvestors will be looking out for any official announcement related to the merger of Japanese automakers Honda Motor and Nissan Motor.
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