US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 20.34 points or 0.65 per cent lower at 3,095.00, Dow Jones Industrial Average Index contracted by 227.13 points or 0.87 per cent lower at 25,852.97, and the technology benchmark index Nasdaq Composite traded lower at 9,912.24, down by 30.82 points or 0.31 per cent against its previous day close (at the time of writing, before the U.S market close at 1:30 PM ET).
US News: The Wallstreet opened higher despite the increasing coronavirus cases but turned negative in the second half of the trading session. Brent crude was trading at USD 42.68 per barrel and was up 1.17 per cent by amid signs of a gradual recovery in demand. OPEC and other oil producer reaffirmed to cut oil production. Among the transcending stocks, AMC Entertainment Holdings Inc zoomed up by ~4.8 per cent as it planned to open 450 theatres from 15th July 2020 in US. Energy stock, Occidental Petroleum surged around 5.7 per cent as the US crude oil futures were trading above USD 40 per barrel. Facebook Inc shares were trading up by about 1.6 per cent; it acquired Swedish start-up Mapillary to strengthen its mapping platform. The stock which lost the ground was CarMax Inc., and its shares were trading about 3.9 per cent lower after it reported fiscal first-quarter numbers. The share price of Broadcom Inc dipped over 1.2 per cent as its CEO sold 57,171 shares of the Company. The Host Hotels & Resorts Inc shares were down by over 2.4 per cent; the Company rejected the mini-tender offer made by Mackenzie Capital Management, LP.
S&P 500 (SPX)
Top Performers*: Marathon Petroleum Corp (MPC), Devon Energy Corp (DVN), and Occidental Petroleum Corp (OXY) stocks jumped by 4.60 per cent, 4.36 per cent and 4.02 per cent, respectively.
Non Performers*: Carmax Inc (KMX), Amcor Plc (AMCR) and H&R Block Inc (HRB) shares decreased by 3.23 per cent, 1.56 per cent and 1.28 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Broadway Financial Corp (BYFC), Urban One Inc (UONEK) and Pintec Technology Holdings Ltd (PT) shares expanded by 189.41 per cent, 88.56 per cent and 50.23 per cent, respectively.
Worst Performers*: BeyondSpring Inc (BYSI), Yatra Online Inc (YTRA) and Acasti Pharma Inc (ACST) shares plunged by 18.67 per cent, 17.53 per cent and 17.23 per cent, respectively.
Top Performing Sectors*: Energy (+1.50 per cent), Basic Materials (+1.38 per cent) and Healthcare (+1.22 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Dow Inc (DOW), Walgreens Alliance Inc (WBA) and International Business Machine (IBM) shares zoomed up by around 2.04 per cent, 1.74 per cent and 1.56 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 68.53 points or 1.10 per cent higher at 6,292.60, the FTSE 250 index snapped at 169.00 points or 0.97 per cent higher at 17,687.26, and the FTSE All-Share Index ended 37.32 points or 1.08 per cent higher at 3,486.77, respectively. Another European index STOXX 600 ended up by 2.05 points or 0.56 per cent, at 365.46. Among other major European indices, DAX index closed the session at 12,330.76, up by 49.23 points or 0.40 per cent; CAC 40 index increased by 20.70 points or 0.42 per cent and ended the trading session at 4,979.45.
European News: London and European markets witnessed a sharp rebound as 12 per cent increase in British retail sales in May after an unprecedented slump of 18 per cent in April gave euphoria to investor sentiments to endure the concerns of rising coronavirus cases. Meanwhile, there is a dramatic surge in public sector net borrowings of the UK, which rose to GBP 55.2 billion in May 2020. Among the gaining stocks, BP PLC and Royal Dutch Shell PLC gained around 1.8 per cent and 1.5 per cent, respectively, as oil prices surged over-commitment to supply cut by OPEC and allies. Among the declining stocks, Wood Group PLC shed around 3.6 per cent post projecting a 19 per cent decline in core earnings in first-half FY20 results. Costain Group PLC slid around 2.2 per cent after releasing its trading update. Wirecard AG plummeted over 26.0 per cent after missing USD 2.1 billion in accounts.
London Stock Exchange
Top Three Performers*: LAMPRELL PLC (LAM), STUDIO RETAIL GROUP PLC (STU) and GEM DIAMONDS LIMITED (GEMD) accelerated significantly by 14.44 per cent, 14.29 per cent and 9.93 per cent, respectively.
Worst Performers*: TED BAKER PLC (TED), AMIGO HOLDINGS PLC (AMGO) and HAMMERSON PLC (HMSO) plunged by 9.50 per cent, 9.09 per cent and 7.03 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (June-19-2020), before the market closed (Source: Refinitiv, Thomson Reuters)
Best Gainers*: TAYLOR WIMPEY PLC (LON: TW.), AVEVA GROUP PLC (LON: AVV) & DIAGEO PLC (LON: DGE) leapt up by 4.66 per cent, 4.49 per cent and 3.60 per cent, respectively.
Non Performers*: BRITISH LAND COMPANY PLC (LON: BLND), BERKELEY GROUP HOLDINGS (LON: BKG) and LAND SECURITIES GROUP PLC (LON: LAND) traded in red zone and decreased by 1.77 per cent, 1.76 per cent and 1.73 per cent, respectively.
Shares traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BP.) BP PLC; (BARC) BARCLAYS PLC.
Top Sectors traded in the positive zone*: Utilities (+1.98 per cent), Technology (+1.86 per cent), and Consumer Non-Cyclicals (+1.71 per cent).
Crude Oil Future Prices*: WTI crude oil (future) price was hovering at $39.69 per barrel, and Brent future crude oil (future) price was trading at $42.24 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2364 and 0.9052, respectively.
Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.702 per cent, and the UK 10-Year Government Bond yield was hovering at 0.233 per cent, respectively.
*At the time of writing