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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 18.78 points or 0.43 per cent lower at 4,355.60, Dow Jones Industrial Average index dipped by 12.59 points or 0.04 per cent lower at 34,920.64, and the technology benchmark index Nasdaq Composite traded lower at 14,510.30, down by 134.70 points or 0.92 per cent against the previous day close (at the time of writing – 12:15 PM ET).
US Market News: The major indices of Wall Street traded in a red zone after Jerome Powell came up with defensive remarks regarding temporary inflation. Among the gaining stocks, Morgan Stanley (MS) shares rose by about 2.57% after the Company’s second-quarter revenue and earnings came out to be more than the consensus estimates. UnitedHealth Group (UNH) shares went up by about 0.88% after the Company reported quarterly top-line and bottom-line business more than the estimates. Among the declining stocks, NortonLifeLock (NLOK) shares fell by about 3.62% after the news that it was in talks to buy cybersecurity firm Avast. Netflix (NFLX) shares went down by about 1.37% after the Company had hired former Facebook executive Mike Verdu to lead the video games unit.
UK Market News: The London markets traded in a red zone after the release of the UK jobs data. Moreover, the unemployment rate had increased to 4.8% during May 2021, while it was around 4.7% for April 2021. Furthermore, consumer spending on credit and debit cards in Britain had witnessed a drop of around 4% during June 2021 as compared to May 2021.
Cybersecurity firm Avast shares climbed by around 17.62% after the Company responded to press speculations and confirmed that it was in discussion with NortonLifeLock for a possible merger deal.
Just Eat Takeaway.com shares plunged by around 9.31%, although the Company had expected to report a profit as new orders rose by more than 50% during the first six months of 2021.
Experian had lifted the full-year expectations after reporting a solid growth of around 31% in top-line revenue during the first quarter. Furthermore, the shares went up by around 3.12%
FTSE 100 listed Kingfisher shares grew by around 1.13% after it stated that the adjusted pre-tax profit during H1 FY22 would remain significantly ahead of the previous expectations.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 15 July 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BP Plc (BP.).
Top 1 Sector traded in green*: Basic Materials (+0.02%).
Top 3 Sectors traded in red*: Healthcare (-2.97%), Energy (-1.99%) and Consumer Cyclicals (-1.52%).
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 $73.92/barrel and $72.12/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,829.05 per ounce, up by 0.22% against the prior day closing.
Currency Rates*: GBP to USD: 1.3807; EUR to GBP: 0.8550.
Bond Yields*: US 10-Year Treasury yield: 1.302%; UK 10-Year Government Bond yield: 0.6535%.
*At the time of writing
