Asia markets set for mixed open ahead of Australia inflation data, Japan set to extend

11 Hours Ago

Juniper Networks stock pops on HPE deal report

Shares of Juniper Networks jumped more than 23% in premarket trading Tuesday, continuing to rise after the Wall Street Journal reported on Monday evening that cloud-services provider Hewlett Packard Enterprise is in “advanced talks” to acquire the company for about $13 billion.

A deal between the two companies could be announced as soon as this week, the Journal reported. The acquisition could bolster HPE’s efforts to challenge Cisco, which has long competed with Juniper in the networking equipment market.

Juniper’s stock price underperformed the tech industry last year, losing about 8%. HPE added nearly 10%, on the other hand.

— Pia Singh, Jordan Novet

4 Hours Ago

Oil prices bounce back after selloff

Oil prices bounced back Tuesday after yesterday’s selloff.

The West Texas Intermediate futures contract for February rose $1.47, or 2.08%, to settle at $72.24 a barrel. The Brent futures contract for March gained $1.39, or 1.76%, to trade at $77.46 a barrel.

The two benchmarks settled more than 3% lower on Monday after Saudi Arabia slashed crude prices to Asian customers by $2 a barrel, heightening fears about global demand.

“Volatility is high and if you don’t like the price just stick around,” Phil Flynn with the Price Futures Group wrote in a note Tuesday morning.

Flynn said prices are bouncing back Tuesday because the selling yesterday was “out of balance.”

Geopolitical risk also persists as tensions rise in the Middle East and Libya’s largest oilfield remains shut down.

8 Hours Ago

Trade deficit fell more than anticipated in November

The U.S. trade deficit declined by a greater than expected margin in November as the goods shortfall with both Europe and China fell.

In a report Tuesday, the Commerce Department said the goods and services deficit decreased to $63.2 billion, a drop of $1.3 billion, or 2%, from October. The move mirrored lower shortfalls in both imports and exports on the month. Economists surveyed by Dow Jones had been looking for a deficit of $64.7 billion.

The goods deficit with the European Union decreased to $15.6 billion and to $21.5 billion with China.

—Jeff Cox

4 Hours Ago

Cybersecurity funds among best performing ETFs

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Cybersecurity stocks were a rare bright spot during Tuesday’s trading session.

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