All You Need to Know About the Global Market Performance in the December 05 Market Session

  • Dec 05, 2019 GMT
  • Team Kalkine
All You Need to Know About the Global Market Performance in the December 05 Market Session

Global Markets: Global equity benchmarks of the United States traded in green with the broader S&P 500 index traded 4.58 points or 0.15% higher at 3,117.34, the price-weighted Dow Jones Industrial Average Index traded 35.77 points or 0.13% higher at 27,685.55 and the technology weighted Nasdaq Composite traded 3.73 points or 0.04% higher at 8,570.40 (before the US market close at 3:30 PM ET).

Global News: On 5th December 2019, the Wall Street rallied further, even though China maintained its stringent outlook towards lower tariffs for a phase 1 deal. United Airlines stock was down by 2 per cent after an announcement was made from the company regarding their CEO Oscar Munez’s stepping down from his post and the fact that he will be replaced by the current President Scott Kirby. An analyst on the Wall Street upgrade Nike's outlook to "buy" from neutral, following which its stock was up by 2.1 per cent. Slack Technologies posted revenue above the estimates of the market as well as above the guidance previously made by the company, as a reflection of which, its stock jumped 3.9 per cent. Tiffany and company also beat the market's anticipations for its revenue and its stock also jumped by 0.27 per cent. Signet Jewellers displayed a surprise lower than expected loss in its earnings report, following which its stock was up by 7.6 per cent.

 

S&P 500 (SPX)

Top Performers*: Tractor Supply Co, Fastenal Co and Nike Inc are top gainers and increased by 2.90%, 2.62% and 2.02% respectively.

Worst Performers*: F5 Networks Inc, Brown-Forman Corp, and Synopsys Inc are the top three laggards and decreased by 5.04%, 2.74% and 2.60% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Aurinia Pharmaceuticals Inc, IMAC Holdings Inc, and Duluth Holdings Inc are top gainers and increased by 88.56%, 57.14% and 39.69% respectively.

Worst Performers*: Sage Therapeutics Inc, Akers Biosciences Inc and Sunesis Pharmaceuticals Inc are the top three laggards and decreased by 59.01%, 41.82% and 41.64% respectively.

Top Performing Sectors*: Technology (up 0.39%), Energy (up 0.31%), and Financials (up 0.27%).

Worst Performing Sectors*: Consumer Cyclicals (down 0.02%), Utilities (down 0.15%) and Telecommunication Services (down 0.37%).

Dow Jones Industrial Average (DJI)

Top Performers*: Nike Inc, Apple Inc and International Business Machine Corporation are top gainers and increased by 2.02%, 0.97% and 0.72% respectively.

Worst Performers*: UnitedHealth Group Inc, Boeing Co, Merck & Co Inc are the top three laggards and decreased by 0.53%, 0.50%, and 0.46% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 50.65 points or 0.70% lower at 7,137.85, the FTSE 250 index snapped 41.85 points or 0.20% higher at 20,707.33, and the FTSE All-Share Index ended 21.08 points or 0.53% lower at 3,969.84 respectively. Another European equity benchmark index STOXX 600 ended at 402.66, down by 0.53 points or 0.13 per cent.

European News: In economic news, the new car sales figures in the United Kingdom have taken a dip in the month of October on account for falling demand for Diesel vehicles, as per the new data supplied by Society of Motor Manufacturers and Traders, the industry body for car manufacturers. The report, however, also stated that the demand for electric and hybrid vehicles have continued to rise during the period. In other economic news, the Office of National Statistics has revealed that the household debt levels in the United Kingdom have increased during the 2016-18 period by about 4 per cent as compared to where it was during the 2014-16 era, raising concerns about the average financial health of the British citizen. In business news, Glencore the FTSE 100 mining giant has been in limelight by SFO bribery investigation. The investigation related to the 2017 paradise papers investigation which has revealed the company loaning amount a significant sum to influential individuals in order to secure mining contracts in the Democratic Republic of Congo.

London Stock Exchange (LSE)

Top Performers*: DUNELM GROUP PLC (DNLM), ASTON MARTIN LAGONDA GLOBAL HOLDING (AML) and RAVEN PROPERTY GROUP LIMITED (RAV) are top performers of the day and up by 19.59%, 17.42% and 6.02% respectively.

Worst Performers*: GLENCORE PLC (GLEN), SMITH (DS) PLC (SMDS) and MOTORPOINT GROUP PLC (MOTR) are the top three laggards of the day and down by 6.73%, 6.52% and 5.88% respectively.

FTSE 100 Index

FTSE 100 Index Chart: 5-days Price Performance (as on December-5-2019), before the market closed. (Source: Thomson Reuters)

Performers*: NMC HEALTH PLC (NMC), BURBERRY GROUP PLC (BRBY) and MORRISON (WM.) are the top three gainers in today’s session and up by 5.34%, 4.07% and 2.28% respectively.

Laggards*: GLENCORE PLC (GLEN), SMITH (DS) PLC (SMDS), and TUI AG (TUI) are top laggards at the FTSE 100 index and down by 7.22%, 6.23% and 4.62% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), GLENCORE PLC (GLEN), and BARCLAYS PLC (BARC).

Top Performing Sectors*: Utilities (+0.38%).

Worst Performing Sectors*: Energy (-1.14%), Basic Materials (-1.13%) and Consumer Non-Cyclicals (-0.59%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3157 and 0.8437, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.797%, and the UK 10-Year Government Bond yield was trading at 0.768%, respectively.

*At the time of writing

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