British & European Markets’ Ended in Green; FTSE 100 up 0.76%

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 34.14 points or 0.81 per cent higher at 4,235.70, Dow Jones Industrial Average Index surged by 165.47 points or 0.48 per cent higher at 34,714.00, and the technology benchmark index Nasdaq Composite traded higher at 13,818.96, up by 186.12 points or 1.37 per cent against the previous day close (at the time of writing - 11:30 AM ET).

US Market News: The major indices of Wall Street traded in a green zone after the release of jobless claims data. Only 266,000 jobs were created in the month of April. Among the gaining stocks, Bill.com Holdings shares surged by around 14.35% after the Company had reported better-than-expected sales for the latest quarter. Roku shares climbed by about 12.18% after its quarterly earnings per share came out to be better than the consensus estimates. Dropbox shares went up by about 2.12% after the average revenue per user came out to be better than the forecast for the latest quarter. Among the declining stocks, Beyond Meat shares dropped by about 3.88% after the Company had reported a loss of 42 cents per share for the first quarter.

US Stocks Performance*

UK Market News: The London markets traded in a green zone driven by strong commodity prices boosted by hopes of a strong economic recovery. FTSE 100 advanced higher by around 0.76% and breached the 7,100 milestone. The IHS Markit/CIPS construction PMI (“Purchasing Managers Index”) came out to be 61.6 during April 2021, while it was 61.7 in March 2021.

Intercontinental Hotels Group shares rose by about 0.95% after the Company had reported improvement in the trading performance during the first quarter.

Anglo American had expected to resume operations at its Moranbah North coal mine in Australia in May after safety inspections. Moreover, the shares grew by around 3.80%.

Meggitt shares climbed by around 7.54% amid media reports that US-Based Woodward would be looking to acquire the Company.

British Airways owner International Consolidated Airlines Group shares went up by about 0.87%, even after the Company reported a first-quarter operating loss of nearly 1.06 billion euros and pulled full-year guidance amid the Covid-19 uncertainty.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 7 May 2021)

             1 Year FTSE 100 Chart (Source: Refinitiv, Thomson Reuters)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Glencore Plc (GLEN); Barclays Plc (BARC).

Top 3 Sectors traded in green*: Utilities (+1.00%), Basic Materials (+1.00%) and Industrials (+0.83%).

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 $68.27/barrel and $64.84/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,832.45 per ounce, up by 0.92% against the prior day closing.

Currency Rates*: GBP to USD: 1.3992; EUR to GBP: 0.8690.

Bond Yields*: US 10-Year Treasury yield: 1.577%; UK 10-Year Government Bond yield: 0.7730%.

*At the time of writing


Disclaimer
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.