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US Markets: The US indices had a mixed closing in the last session, with tech heavy Nasdaq Composite losing around half a per cent for the day. Today, in the pre-market session, all three major indices are deep in red, Dow was down by 0.60% to 35,600.30, Nasdaq has plunged further by around 0.80% to 15,645.03, and S&P was lower by 0.57% to 4,663.07 at 9.34 AM.
The markets are showing a sharp fall despite the report that weekly jobless claims declined substantially to 199,000, the lowest level seen since 1969. Also, traders seem to have overlooked the second-quarter GDP growth, which had revised slightly higher to 2.1%
UK Market News: The UK stock market continued the cautious trade on Wednesday (November 24); the oil stocks that had lifted the markets in the previous session were consolidating as now the major focus has turned to the possibility of a rate hike in December and a probable third wave. Both Royal Dutch Shell (LON: RDSA) and BP Plc (LON: BP.) were trading near the neutral line at the time of writing.
US Stocks Close Flat on Upbeat Labor Data | ASX set to fall
Mulberry Group Plc (LON: MUL): The shares of the prominent fashion retailer surged following its half-yearly results announcement. The company’s sales for the reported period returned to pre-covid levels with a growth of 34 per cent.
DARKTRACE PLC (LON: DARK): Shares of the newly listed technology company slumped on Wednesday on reports that the company may drop out of the FTSE 100 in the next quarterly review of the index to be announced on 1 December. The company, meanwhile, has said that it is well-positioned to lead the way in cyber security.
European Indices Performance (at the time of writing):
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD), Barclays (BARC).
Top 2 Sectors traded in green*: Household Goods (1.14%) and Industrial Metals (1.06%)
Top 2 Sectors traded in red*: Automotive (-2.47%), Industrial Transportation and (-1.36%)
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $82.21/barrel and $78.49/barrel, respectively.
Gold Price*: Gold price quoted at US$ 1,782.7 per ounce, down by 0.11% against the previous day closing.
Currency Rates*: GBP to USD: 1.333; EUR to USD: 1.12.
Bond Yields*: US 10-Year Treasury yield: 1.637%; UK 10-Year Government Bond yield: 1.000%.
*At the time of writing
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