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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 6.08 points or 0.18 per cent higher at 3,380.93, Dow Jones Industrial Average Index accelerated by 5.44 points or 0.02 per cent higher at 27,698.32, and the technology benchmark index Nasdaq Composite traded higher at 11,223.65, up by 77.19 points or 0.69 per cent against the previous day close (at the time of writing, before the US market close at 12:15 PM ET).
US Market News: The US Labor Department reported an increase in jobless claims to 1.106 million against expected 923,000 for the week ended 16 August 2020. Among the gaining stocks, Intel was up by close to 2.1 percent after the company reported a share buyback program of USD 10 billion. Nvidia’s shares were up by around 1.5 percent after the company highlighted strong quarterly outlook and reported better than expected earnings. Facebook was up by close to 1.1 percent after the company won preliminary approval for the settlement of a lawsuit. Among the decliners, Estee Lauder fell by around 7.4 percent after the company reported loss wider than market’s expectation. Nio was down by about 1.9 percent after the company launched a battery rental service for electric vehicles. Alibaba’s shares were down by about 1.5 percent, although the company reported profit above expectation.
US Stocks Performance (at the time of writing)
European News: The London and the European markets traded in the red. As per the industry expert’s data, the median rise in the annual salary was 0.5 percent during the three months ended July 2020 lower than 2.2 percent increase recorded in the last three readings. Among the gaining stocks, Fraser Group surged by about 13.8 percent after the company reported an increase in H1 FY20 revenue. AO World’s shares were up by about 3.5 percent after the company stated resilient business performance for four months period ended July 2020. Intercontinental Hotels were up by around 0.4 percent after talks for a merger with Accor Group. Among the decliners, Premier Oil’s shares plunged by close to 23.2 percent after the company reported lower oil production in H1 FY20. Antofagasta was down by close to 5.5 percent after the company reported a fall in H1 FY20 earnings. John Laing was down by around 5.5 percent after the company stated difficulty in meeting investment targets.
European Indices Performance (at the time of writing)
FTSE 100 Index Char
1 Year FTSE 100 Index Performance (20 August 2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (GLEN) GLENCORE PLC.
Sector traded in the positive zone*: Consumer Cyclicals (+0.02%).
Sectors traded in the negative zone*: Energy (-1.44%); Utilities (-1.26%), and Financials (-1.21%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $42.78 per barrel and $44.91 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,959.50 per ounce, down by 0.55% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3217 and 0.8973, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.648 per cent and 0.224 per cent, respectively.
*At the time of writing
