US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 0.83 points or 0.03 per cent lower at 3,049.50, Dow Jones Industrial Average Index was down by 4.66 points or 0.02 per cent lower at 25,441.28, and the technology benchmark index Nasdaq Composite traded lower at 9,903.69, down by 5.47 points or 0.06 per cent against its previous day close (at the time of writing, before the U.S market close at 2:45 PM ET).
US News: The lower jobless claims number reported by the US Labor Department failed to support the stock market initially as the major indices opened in the red; however, the major indices gained later. The jobless claims were 1.48 million for the week ending 20th June, lower than 1.54 million reported a week before. Some of the gaining stocks were, Accenture, whose shares soared by close to 6.67 per cent as the reported first-quarter revenue beats the street's estimate. Catalent shares were up by about 3.61 per cent as the drugmaker signed a contract with Moderna for filling and packing of experimental coronavirus doses. The Delta Airline shares were up by close to 0.73 per cent as it plans to add 1,000 flights in August. The stocks which trended downward were - Walt Disney as the shares were down by close to 0.87 per cent as the company postponed the opening of California Disneyland. The shares of cruise operator Carnival tumbled by about 2.88 per cent after it plans to raise USD 1.5 billion via leveraged loan. The shares of KB Home, the house building company, were down by about 11.60 per cent after it reported lower numbers for second-quarter results.
S&P 500 (SPX)
Top Performers*: Accenture Plc (ACN), McCormick & Company Inc (MKC), and Ameriprise Financial Inc (AMP) stocks jumped by 6.97 per cent, 4.52 per cent and 4.38 per cent, respectively.
Non Performers*: American Airlines Group Inc (AAL), Viacom CBS Inc (VIAC) and Wynn Resorts Ltd (WYNN) shares decreased by 5.67 per cent, 4.83 per cent and 4.02 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Ekso Bionics Holdings Inc (EKSO), Sino-Global Shipping America Ltd (SINO) and Puhui Wealth Investment Management Co Ltd (PHCF) shares expanded by 85.81 per cent, 58.52 per cent and 42.07 per cent, respectively.
Worst Performers*: Urban Tea Inc (MYT), Xeris Pharmaceuticals Inc (XERS) and The9 Ltd (NCTY) shares plunged by 38.64 per cent, 28.44 per cent and 25.70 per cent, respectively.
Top Performing Sector*: Telecommunications Services (+0.33 per cent).
Top Worst Sectors*: Utilities (-1.66 per cent), Energy (-1.62 per cent) and Consumer Cyclicals (-1.28 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Walgreens Boots Alliance Inc (WBA), JPMorgan Chase & Co (JPM) and UnitedHealth Group Inc (UNH) shares zoomed up by around 0.68 per cent, 0.63 per cent and 0.40 per cent, respectively.
Worst Performers*: Boeing Co (BA), Intel Corp (INTC) and Walt Disney Co (DIS) shares plunged by 2.88 per cent, 2.18 per cent and 2.18 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded last at 23.45 points or 0.38 per cent higher at 6,147.14, the FTSE 250 index snapped at 38.71 points or 0.23 per cent lower at 17,112.12, and the FTSE All-Share Index ended 8.80 points or 0.26 per cent higher at 3,401.43, respectively. Another European index STOXX 600 ended up by 2.57 points or 0.72 per cent, at 359.74. Among other major European indices, DAX index closed the session at 12,177.87, up by 83.93 points or 0.69 per cent; CAC 40 index increased by 47.22 points or 0.97 per cent and ended the trading session at 4,918.58.
European News: London and European markets tumbled for a consecutive second day as the new set of earnings update underlined the financial implications of the COVID-19 pandemic. Meanwhile, the European Central Bank has decided to provide loans against collateral to the central bank to non-euro central banks. Among the gaining stocks, Mitie Group PLC jumped around 6.7 per cent as it intends to acquire Interserve’s facilities management arm for the consideration of over GBP 250 million. BAE Systems PLC rose over 0.5 per cent as it anticipates stronger performance in the second half of FY20. AstraZeneca PLC gained over 0.9 per cent as it unveiled focus on further growth in respiratory treatments business. Among the declining stocks, EasyJet PLC plunged about 6.8 per cent post reporting a massive loss for H1 FY20 due to the pandemic. Similarly, Non-Standard Finance PLC tumbled over 26.0 per cent due to halted lending amid the coronavirus crisis. Also, the Royal Mail PLC plummeted close to 8.5 per cent after reporting a 31 per cent decline in annual profits.
London Stock Exchange
Top Three Performers*: MITIE GROUP PLC (MTO), INTU PROPERTIES PLC (INTU) and ALLIED MINDS PLC (ALM) accelerated significantly by 17.50 per cent, 13.64 per cent and 7.74 per cent, respectively.
Worst Performers*: ROYAL MAIL PLC (RMG), HOSTELWORLD GROUP PLC (HSW) and AMIGO HOLDINGS PLC (AMGO) plunged by 13.68 per cent, 10.45 per cent and 10.33 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (June-25-2020), before the market closed (Source: Refinitiv, Thomson Reuters)
Best Gainers*: STANDARD LIFE ABERDEEN PLC (LON: SLA), SCHRODERS PLC (LON: SDR) & JD SPORTS FASHION PLC (LON: JD.) leapt up by 3.53 per cent, 3.01 per cent and 2.97 per cent, respectively.
Non Performers*: UNITED UTILITIES GROUP PLC (LON: UU.), COMPASS GROUP PLC (LON: CPG) and RIGHTMOVE PLC (LON: RMV) traded in the red zone and decreased by 4.36 per cent, 3.95 per cent and 3.69 per cent, respectively.
Shares traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (VOD) VODAFONE PLC.
Top Sectors traded in the positive zone*: Telecommunications Services (+0.89 per cent), Financials (+0.88 per cent), and Energy (+0.31 per cent).
Top Sectors traded in the negative zone*: Technology (-1.66 per cent), Consumer Cyclicals (-1.18 per cent), and Consumer Non-Cyclicals (-0.64 per cent).
Crude Oil Future Prices*: WTI crude oil (future) price was hovering at $38.77 per barrel & Brent future crude oil (future) price was trading at $41.14 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2410 and 0.9040, respectively.
Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.672 per cent, and the UK 10-Year Government Bond yield was hovering at 0.154 per cent, respectively.
*At the time of writing
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