New wave of Coronavirus Fear, Apple’s revenue warning & Euro Near Three Year Low

  • Feb 18, 2020 GMT
  • Team Kalkine
New wave of Coronavirus Fear, Apple’s revenue warning & Euro Near Three Year Low

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 7.79 points or 0.23% lower at 3,372.37, Dow Jones Industrial Average Index declined by 104.89 points or 0.36% lower at 29,293.19, and the technology benchmark index Nasdaq Composite traded lower at 9,718.05, down by 13.13 points or 0.13% against its previous day close (at the time of writing, before the U.S market close at 10:05 AM ET).

 US News: On 18th February 2020, US Stocks opened in red, primarily on the back of the sales downfall warning from Apple amid coronavirus outbreak and downfall in productivity during the month of February. During the trading session, HSBC stocks were down by 4.6 per cent. Medtronic stocks were also down by 2.8 per cent, after the company reported that there was a decline in the number of orders received during the period. Apple shares plunged by 2 per cent, after the above-mentioned sales downfall warning. Walmart shares were up by 0.9 per cent, first gains after a long disappointing fourth quarter and a poor start to the current year. Legg Mason stocks, on the back of a cash acquisition rumour were up by 24 per cent, while the company that is going to make the cash offer was Franklin Resources, whose own stocks were up by 14 per cent.


S&P 500 (SPX)

Top Performers*: Kroger Co, Flowserve Corp, and Biogen Inc are top gainers and increased by 5.74%, 4.12% and 2.10% respectively.

Worst Performers*: KLA Corp, Lam Research Corp, and Vulcan Materials Co are the top three laggards and decreased by 4.41%, 3.82% and 3.36% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Bellorophon Therapeutics Inc, Senmiao Technology Ltd, and Atlas Technical Consultants Inc are top gainers and increased by 97.08%, 36.50% and 35.32% respectively.

Worst Performers*: Senestech Inc, Summer Infant Inc, and Westwater Resources Inc are the top three laggards and decreased by 15.80%, 13.32% and 11.67% respectively.

Top Performing Sectors*: Consumer Cyclicals (up 0.32%), Utilities (up 0.30%), and Telecommunications Services (up 0.22%).

Worst Performing Sectors*: Technology (down 0.63%), Energy (down 0.50%), and Financials (down 0.23%).

Dow Jones Industrial Average (DJI)

Top Performers*: Microsoft Corp, UnitedHealth Group Inc, and American Express Co are top gainers and increased by 0.64%, 0.56% and 0.52% respectively.

Worst Performers*: Apple Inc, Intel Corp, and United Technologies Corp are top laggards and decreased by 2,09%, 1.26% and 1.05% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 51.24 points or 0.69% lower at 7,382.01, the FTSE 250 index snapped at 147.88 points or 0.68% lower at 21,678.46, and the FTSE All-Share Index ended 28.26 points or 0.68% lower at 4,118.84 respectively. Another European equity benchmark index STOXX 600 ended down by 1.65 points or 0.38 per cent at 430.33.

European News In economic news, the IHS Markit Household finance index has registered a value of 47.6 in February 2020 .The index which  mimics the consumer confidence in United Kingdom, this value is the highest ever recorded on the index since its inception eleven years ago. This jump in the index value comes as several other leading economic indicators have also been moving in the upward direction since the past two months. It is worth mentioning here that United Kingdom went into General elections on 12 December 2019 which saw a sizeable majority victory for Prime Minister Boris Johnson followed by a 31 January 2020 Withdrawal of United Kingdom form European Union.

In business news, InterContinental Hotels Group Plc today lost nearly two per cent in trading on the London stock exchange on account of its fall in revenue per room on account of the recent corona virus scare and last year’s Hong Kong protests. On the other hand, shares of AIM listed tech firm Tekmar Group Plc also lost 34 per cent in its stock price today as it warned on higher than anticipated hit on its bottom lines on account of the halt in shipments to and from China which is currently under lockdown on account of the corona virus outbreak.

London Stock Exchange (LSE)

Top LSE Companies in the Gainers list*: AMIGO HOLDINGS PLC (AMGO), NMC HEALTH PLC (NMC), and PURETECH HEALTH PLC (PRTC) zoomed up by 11.47%, 5.53% and 3.75% respectively.

Top LSE Companies traded in red zone*: INDIVIOR PLC (INDV), PETRA DIAMONDS LD (PDL) and HSBC HLDGS PLC (HSBA) were hammered by 8.88%, 6.47% and 6.06% respectively.

FTSE-100 index 5-day performance – February 18th, 2020 (Source: Thomson Reuters)

Top FTSE 100 Companies traded in green zone*: NMC HEALTH PLC (NMC), UNITED UTILITIES GROUP (UU.), and HIKMA PHARMACEUTICALS PLC (HIK) surged by 3.65%, 2.67% and 1.97% respectively.

Top FTSE 100 Companies traded in red zone*: HSBC HLDGS PLC (HSBA), SMURFIT KAPPA GROUP PLC (SKG), AUTO TRADER GROUP PLC (AUTO) were hammered by 6.13%, 3.76% and 3.58% respectively.

Shares traded with high volume*: LLOYDS GRP. (LLOY), VODAFONE GRP. (VOD) and HSBC HLDGS PLC (HSBA).

Sectors in the positive zone*: Health care (Up 0.98%), Utilities (Up 0.72%) & Telecommunications Services (up 0.22%)

Sectors in the negative zone*: Financials (-2.14%), Basic Materials (-1.03%) and Technology (-0.95%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3001 and 0.8303, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.558%, and the UK 10-Year Government Bond yield was trading at 0.612%, respectively. 

*At the time of writing

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