Honda Merger, Tech Stocks Rally, UK Economy Grows

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. Two companies announced on Monday that they are merging. 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's stock rose 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 0.3% 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%. CNBC Pro used data to show that MicroStrategy has 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 bitcoin holdings. 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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