To The Moon

1357 GMT - JD Sports Fashion's turnaround of its fortunes in the U.S. seems key to improve investor confidence, Shore Capital Markets analysts David Hughes and Clive Black say. The U.K. sneaker and fashion retailer reported a slowdown in October sales, particularly in its home market and the U.S., due to elevated promotional activity and mild weather. "Despite this set back we remain positive on the medium-term outlook," they write in a note. The analysts add that the group's decision to protect margins by not chasing short-term sales through increased promotions shows a mature long-term strategy. Shares are up 2.3% at 103.95 pence.

Shopify (NYSE:SHOP) reported quarterly sales of $2.162 billion which beat the analyst consensus estimate of $2.113 billion by 2.30 percent. This is a 26.14 percent increase over sales of $1.714 billion the same period last year.U.S.-listed shares of the company rose 13% in premarket trading.