Honda and Sony announced a merger, aiming for 30 trillion yen in revenue. MicroStrategy's stock surge is fueled by its bitcoin holdings, now worth $42 billion. The UK economy grew by 0.2% in the third quarter, defying previous expectations.
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 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.
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 prices. Trading is likely to be thin this week. Markets in the U.S. will close early on Tuesday and take a break on Wednesday for Christmas Day.
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