Rising Mental Distress During Pandemic Driving Virtual Consultation Service

  • May 19, 2020 08:05 PM AEST
  • Kunal Sawhney
    CEO Kunal Sawhney
    2781 Posts

    Kunal Sawhney is founder & CEO at Kalkine and is a richly experienced and accomplished financial professional with a wealth of knowledge in the Australian Equities Market. Kunal obtained a Master of Business Administration degree from University of T...

Rising Mental Distress During Pandemic Driving Virtual Consultation Service

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 47.36 points or 1.42 per cent higher at 3,381.05, Dow Jones Industrial Average Index expanded by 244.54 points or 0.88 per cent higher at 27,931.45, and the technology benchmark index Nasdaq Composite traded higher at 11,011.20, up by 228.38 points or 2.12 per cent against the previous day close (at the time of writing, before the US market close at 12:05 PM ET).

Gold MTF non-AMP

US Market News: The Wall Street opened in the green after the key indices inched upwards. The US Core CPI index increased by 1.6 percent month on month in July 2020. Among the gaining stocks, Tesla shares were up by about 8.2 percent after the company announced a share split. Qualcomm’s shares were up by 4.1 percent after the company won an antitrust ruling. Tencent’s shares were up by close to 2.6 percent after the company posted results better than market’s expectation. Among the decliners, Royal Caribbean Cruises was down by 5.8 percent after the company stated coronavirus testing as a part of the company’s plan to start operation. Moderna was down by about 0.5 percent, although the company received the contract for coronavirus vaccines from the US government.

US Stocks Performance (at the time of writing)

European News: London and European market traded in green after investors anticipate further stimulus by the central bank. The UK GDP declined by 20.4 percent in the second quarter ended in June 2020. The GDP expanded by 8.7 percent in June 2020 after the government lockdown measures eased. Meanwhile, the eurozone manufacturing output increased by 9.1 percent month on month in June 2020. Among the gaining stocks, Asos was up by about 13.1 percent after the company stated that the full-year sales to be above market expectation. Admiral’s shares were up by close to 7.5 percent after the company reinstated the dividend. Among the decliners, Capital & Counties Properties was down by close to 8.6 percent after the company reported lower rental income in Q2 FY2020. Balfour Beatty’s shares were down by about 1.6 percent after the company reported pre-tax loss. Hostelworld was down by close to 1.4 percent after the company reported increased booking cancellations due to the pandemic.

European Indices Performance (at the time of writing)

FTSE 100 Index Chart

1 Year FTSE 100 Index Performance (12 August 2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE PLC; (BT.A) BT GROUP PLC.

Sectors traded in the positive zone*: Utilities (+2.70%); Energy (+2.33%), and Healthcare (+2.32%).

London Stock Exchange: Stocks Performance (at the time of writing)

Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $42.72 per barrel and $45.48 per barrel, respectively.

Gold Price*: Gold price was trading at USD 1,944.20 per ounce, down by 0.11% from previous day closing.

Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3032 and 0.9048, respectively.

Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.666 per cent and 0.226 per cent, respectively.

*At the time of writing

 

 


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