Pre-market Movers: TUSK, AQB, LGVN, CNTB, UWMC…

Special edition Interceptor, Continental GT 650 revealed

Royal Enfield has revealed special editions of the Interceptor and Continental GT 650 twins to mark the company’s 120th anniversary. The company’s first motorcycle was launched at the Stanley Cycle Show in London in November 1901. The special 120th Anniversary Editions of the 650 twins feature multiple cosmetic differences.

The bikes will be available in a limited production run of only 480 units, distributed as 120 units each for India, Europe, Americas and South-East Asia. While there are no mechanical differences, the bikes feature a black-chrome colour scheme and handcrafted brass tank badges that represent the brand’s 120-year journey.

Other changes include completely blacked-out components, with the engine, silencer and other elements finished in black. The limited edition Royal Enfield Interceptor and Continental GT 650 will be available in India via an online sale on December 6, 2021. Registrations for sale have already begun on the company’s website.

Royal Enfield has not revealed the prices for the bikes as yet but has said details for the sale process will be shared directly on registered email addresses.

Skoda Kodiaq facelift to roll out in January

Skoda is set to launch the Kodiaq facelift in India in January, Zac Hollis, director, sales, service and marketing, Skoda Auto India, has revealed via Twitter.

The Kodiaq rejoins Skoda’s India range after it was discontinued in the India market last April, due to the move to BS6 norms. With the recent facelift, Skoda has subtly updated the Kodiaq’s styling with a new, more upright grille, an elevated bonnet, re-profiled front and rear bumpers and updated LED Matrix headlights with a new design. From the side and rear, the SUV’s sleek and well-proportioned design has remained more or less unchanged compared to the older model.

On the inside too, Skoda has made some changes to the Kodiaq with the two-spoke steering being the most noticeable. Besides this, the India-spec model is expected to come with all the features that the older model had, such as Skoda’s 10.25-inch virtual cockpit digital instrument cluster, an 8-inch touchscreen infotainment system, ambient lighting and automatic climate control. It remains to be seen if the larger 9.2-inch infotainment touchscreen available abroad will be offered here.

Under the hood, the SUV will make the switch from diesel to petrol power. There will be a sole 190hp, 2.0-litre, four-cylinder TSI turbo-petrol engine on offer (compared to the old 150hp, 2.0-litre diesel). The engine will be paired to a 7-speed automatic gearbox with an all-wheel drive being standard fit.

Rupee slips 16 paise to 74.68 against U.S. dollar in early trade

On Thursday, the rupee had closed at 74.52 against the U.S. dollar.

The Indian rupee depreciated by 16 paise to 74.68 against the U.S. dollar in opening trade on Friday, tracking the negative domestic equity market and a firm American dollar.

Further, unabated foreign fund outflows weighed on investor sentiment, traders said.

At the interbank foreign exchange, the rupee opened on a weak note at 74.60, then lost further ground and touched 74.68 against the American dollar, registering a decline of 16 paise from the last close.

On Thursday, the rupee had closed at 74.52 against the U.S. dollar.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell by 0.05% to 96.72.

Meanwhile, global oil benchmark Brent crude futures declined 2.26% to $80.36 per barrel.

Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth ₹2,300.65 crore, as per exchange data.

On the domestic equity market front, the 30-share Sensex was trading 1201.47 points or 2.04 % lower at 57,593.62, while the broader NSE Nifty declined 360.90 points or 2.06% to 17,175.35.

European Economics Preview: Germany Revised GDP, Consumer Confidence Data Due

Revised quarterly national accounts and consumer sentiment survey results are due from Germany on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis releases Germany’s GDP data for the third quarter. According to initial estimate, the economy had expanded 1.8 percent sequentially, after rising 1.9 percent in the second quarter.

In the meantime, the market research group Gfk is slated to issue Germany’s consumer confidence survey results. The forward-looking sentiment index is seen at -0.5 in December versus +0.9 in November.

At 3.00 am ET, Spain’s INE is slated to issue producer prices data for October. Prices had advanced 23.6 percent annually in September.

Half an hour later, Sweden’s central bank announces its monetary policy decision. In the meantime, Statistics Sweden issues producer prices and household lending data.

At 4.00 am ET, Poland’s unemployment data is due. The jobless rate is seen at 5.5 percent in October versus 5.6 percent in September.

At 6.00 am ET, the Confederation of British Industry releases Distributive Trades survey results.

At 7.30 am ET, the European Central Bank publishes the account of the monetary policy meeting of the governing council held on October 27 and 28.

Pre-market Movers: TUSK, AQB, LGVN, CNTB, UWMC…

The following are some of the stocks making big moves in Friday’s pre-market trading (as of 07.05 A.M. ET).

In the Green

Mammoth Energy Services, Inc. (TUSK) is up over 37% at $3.03
Longeveron Inc. (LGVN) is up over 28% at $8.85
UWM Holdings Corporation (UWMC) is up over 24% at $6.86
BioHiTech Global, Inc. (BHTG) is up over 24% at $1.28
Aurora Innovation, Inc. (AUR) is up over 22% at $12.24
Intuit Inc. (INTU) is up over 10% at $692.10
BIMI International Medical Inc. (BIMI) is up over 8% at $1.05
OrganiGram Holdings Inc. (OGI) is up over 7% at $2.16
Alzamend Neuro, Inc. (ALZN) is up over 5% at $2.25

In the Red

AquaBounty Technologies, Inc. (AQB) is down over 29% at $2.21
Connect Biopharma Holdings Limited (CNTB) is down over 27% at $8.78
Farfetch Limited (FTCH) is down over 22% at $35.39
Flora Growth Corp. (FLGC) is down over 22% at $2.87
RedHill Biopharma Ltd. (RDHL) is down over 10% at $3.49
Ecovyst Inc. (ECVT) is down over 9% at $9.65
Workday, Inc. (WDAY) is down over 8% at $275.00
ClearSign Technologies Corporation (CLIR) is down over 7% at $1.90
Sono Group N.V. (SEV) is down over 6% at $27.28
Borr Drilling Limited (BORR) is down over 4% at $1.04