Global markets were in negative territory on Tuesday despite good data from Eurostat, which showed the Eurozone's economy expanded 2.7% last year. The figure beat the consensus estimate by 0.1%.
Shares of Callidus Software Inc. (CALD, Financial), however, were higher on news it is being acquired by SAP SE (SAP, Financial). The board unanimously approved the $2.4 billion deal.
"The addition of CallidusCloud aligns perfectly to SAP's innovation strategy to transform the front office,"Â SAP CEO Bill McDermott said. "SAP gives CallidusCloud the global scale to accelerate its already impressive growth."
After the acquisition, SAP will strengthen its position in the American cloud software market.
Gainers
- Qorvo Inc. (QRVO, Financial)
- Harris Corp. (HRS, Financial)
- Dr Pepper Snapple Group Inc. (DPS, Financial)
- Southern Co.”‹ (SO, Financial)
Losers
- Â MetLife Inc. (MET, Financial)”‹
- Harley-Davidson Inc.”‹ (HOG, Financial)
- Anthem Inc. (ANTM, Financial)
- Cigna Corp. (CI, Financial)
Global markets
The main European stock markets traded in the red. The U.K.'s FTSE 100 lost 1.09%, France's CAC 40 fell 0.87%, Germany's Dax declined 0.95% and Spain's Ibex slid 1.21%.
In Asia, Japan's Nikkei 225 lost 1.43%, Hong Kong's Hang Seng retreated 1.09%, China´s SSE Composite fell 0.99% and India’s BSE Sensex declined 0.69%.
Disclosure: The author holds no positions in any stocks mentioned.
