British Pound Traded Lower After BoE Kept Interest Rate Steady at 0.10%

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 23.96 points or 0.56 per cent higher at 4,265.80, Dow Jones Industrial Average Index surged by 233.87 points or 0.69 per cent higher at 34,108.11, and the technology benchmark index Nasdaq Composite traded higher at 14,405.60, up by 133.90 points or 0.94 per cent against the previous day close (at the time of writing - 12:30 PM ET).

US Market News: The major indices of Wall Street traded in a green zone after the release of the impressive US jobless claims data. Among the gaining stocks, Eli Lilly (LLY) shares jumped by about 7.05% after the Company’s Alzheimer drug received breakthrough status from US FDA. Steelcase (SCS) shares went up by about 2.34% after the Company had reported a smaller-than-expected loss for the latest quarter. Accenture (ACN) shares grew by about 1.88% after the Company had reported quarterly profit more than the consensus estimates. Among the declining stocks, KB Home (KBH) shares went down by around 6.89% after the Company’s quarterly revenue missed the Wall Street forecasts.

UK Market News: The London markets traded on a mixed note after the Bank of England decided to keep interest rates unchanged at 0.10%. Moreover, it vowed to monitor rising inflation as the US economy emerged from the Covid-19 pandemic slump.

Wealth Manager Rathbone Brothers shares went down by about 2.29% after the Company had raised 49 million pounds to fund the acquisition of Saunderson House.

Distribution specialist Bunzl stated that the first-half revenue would witness a decent growth after demonstrating a significant recovery for the base business. Moreover, the shares grew by approximately 0.84%.

Housebuilder Crest Nicholson shares rose by around 0.89% after the Company had reported a first-half profit and subsequently raised the full-year guidance driven by the solid demand.

Deliveroo shares surged by around 7.91% after the UK court ruled that the Company’s couriers are self-employed.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 24 June 2021)

1 Year FTSE 100 Chart (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Vodafone Group Plc (VOD); Lloyds Banking Group Plc (LLOY); International Consolidated Airlines Group S.A. (IAG).

Top 3 Sectors traded in green*: Healthcare (+1.29%), Basic Materials (+1.27%) and Consumer Cyclicals (+1.07%).

Top Sector traded in red*: Technology (-0.73%).

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 $75.55/barrel and $73.30/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,776.95 per ounce, down by 0.36% against the prior day closing.

Currency Rates*: GBP to USD: 1.3934; EUR to GBP: 0.8561.

Bond Yields*: US 10-Year Treasury yield: 1.485%; UK 10-Year Government Bond yield: 0.7400%.

*At the time of writing


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