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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 6.58 points or 0.18 per cent higher at 3,701.20, Dow Jones Industrial Average Index dipped by 9.64 points or 0.03 per cent lower at 30,189.67, and the technology benchmark index Nasdaq Composite traded higher at 12,619.74, up by 24.68 points or 0.20 per cent against the previous day close (at the time of writing, before the US market close at 10:45 AM ET).
US Market News: The major indices of Wall Street traded in the green amid the continuous rollout of the coronavirus vaccine across the nation. The US retail sales dropped by 1.1% in November 2020 in comparison to a decline of 0.1% during October 2020. Among the gaining stocks, Tilray stock gained around 24.02% after the Cannabis Company had decided to merge with Aphria. American Outdoor Brands rose by approximately 8.9% after it had reported a profit in its recent quarter. Similarly, shares of Aphria grew by 4.93% riding on the merger news. Among the declining stocks, shares of Penumbra plunged by close to 7.32% after it had recalled the certain type of catheter used during heart surgery. Dish Network shares dropped by around 5.49% after its plans to offer $2 billion in convertible notes used for its corporate purposes.
US Stocks Performance*
European News: The London and European markets traded in the green due to growing investor confidence regarding Brexit deal and US stimulus package. The consumer price index dropped to 0.3% in November 2020 driven by Black Friday sales, while it was 0.7% in October 2020. The UK Manufacturing PMI climbed to a 37-month high of 57.3 in December 2020. Among the gaining stocks, Dixons Carphone went up by around 14.10% after the company reported strong trading ahead of Christmas. Shares of Hargreaves Lansdown was up by around 4.02% and gained the most on FTSE-100 index. Travis Perkins gained close to 2.54% after the company said that it would repay Covid-19 related business rate relief. Among the decliners, shares of Goodwin dropped by 11.64% after the company reported a lower profit for the first half of the fiscal year. Bunzl was down by about 5.57% after the company had anticipated lower 2021 revenue. Petrofac slipped by around 5.09% after raising its target of cost-cutting.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 16 December 2020)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Rolls-Royce Holdings Plc (RR.); Barclays Plc (BARC).
Top 3 Sectors traded in green*: Real Estate (+2.36%), Utilities (+1.78%) and Healthcare (+1.59%).
Top Sector traded in red*: Basic Materials (-0.01%).
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 $51.06/barrel and $47.79/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,860.15 per ounce, up by 0.26% against the prior day closing.
Currency Rates*: GBP to USD: 1.3488; EUR to GBP: 0.9027.
Bond Yields*: US 10-Year Treasury yield: 0.918%; UK 10-Year Government Bond yield: 0.268%.
*At the time of writing
