Basic Materials & Healthcare Shares Propelled FTSE 100 Higher; Dow Jones up 600 Points

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 67.67 points or 1.59 per cent higher at 4,326.30, Dow Jones Industrial Average Index surged by 607.86 points or 1.79 per cent higher at 34,569.90, and the technology benchmark index Nasdaq Composite traded higher at 14,489.40, up by 214.40 points or 1.50 per cent against the previous day close (at the time of writing – 12:05 PM ET).

US Market News: The major indices of Wall Street traded in a green zone driven by a flurry of corporate announcements. Among the gaining stocks, International Business Machines (IBM) shares rose by about 2.94% after the Company’s quarterly revenue and earnings remained more than the consensus estimates. Nasdaq (NDAQ) shares grew by about 2.78% after the exchange operator had announced plans to spin off the Nasdaq Private Markets. Travelers Companies (TRV) shares went up by about 1.39% after the Company’s second-quarter earnings came out to be more than the consensus estimates. Among the declining stocks, PPG Industries (PPG) shares dropped by about 4.80% after the Company’s quarterly earnings fell short of the consensus estimates.

UK Market News: The London markets traded in a green zone after making a heavy loss in the previous trading session.

Easyjet shares went up by about 0.94% after the Company had narrowed down the third-quarter loss of the current fiscal year as compared to the equivalent period of the prior year. Moreover, the Company had reported a significant jump in revenue.

FTSE 100 listed Anglo American shares grew by around 0.97% after the Company had reported strong growth of around 20% in the second-quarter production boosted by the strong output of platinum and diamond.

BHP Group shares jumped by around 2.42% after the Company stated that it remained in great shape as the Company achieved record production for iron ore, coal, and copper.

Transact owner IntegraFin Holdings had recorded the highest ever third-quarter gross inflows. Furthermore, the shares climbed by around 3.07%

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 20 July 2021)

1 Year FTSE 100 Chart (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BP Plc (BP.).

Top 3 Sectors traded in green*: Basic Materials (+1.70%), Healthcare (+0.84%) and Energy (+0.82%).

Top 2 Sectors traded in red*: Technology (-0.46%) and Utilities (-0.26%).

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 $69.44/barrel and $67.30/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,810.75 per ounce, up by 0.09% against the prior day closing.

Currency Rates*: GBP to USD: 1.3621; EUR to GBP: 0.8650.

Bond Yields*: US 10-Year Treasury yield: 1.209%; UK 10-Year Government Bond yield: 0.5550%.

*At the time of writing

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from an appropriately authorised and/or qualified financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.