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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 7.52 points or 0.22 per cent higher at 3,397.30, Dow Jones Industrial Average Index accelerated by 63.98 points or 0.23 per cent higher at 27,842.05, and the technology benchmark index Nasdaq Composite traded higher at 11,246.79, up by 35.94 points or 0.32 per cent against the previous day close (at the time of writing, before the US market close at 12:10 PM ET).
US Market News: The US market opened in the green after the main indices trended upwards. The US mortgage application volume was down by around 3.3 percent week on week for the week ended 9 August 2020. Among the gaining stocks, Momenta Pharmaceutical’s shares surge by around 69.2 percent after the company would be bought by J&J for USD 6.5 billion. Target was up by around 12.2 percent after the company reported an increase in earnings in the quarterly report. Marriott was up by close to 0.4 percent although the company faced a lawsuit over a data breach in London. Apple’s shares were up by around 1.0 percent as it becomes the first US company to cross USD 2 trillion market cap. Among the decliners, Amazon was down by close to 0.62 percent after the company expanded its deal with Morrison in the UK.
US Stocks Performance (at the time of writing)
European News: The key market indices of the UK market and the European market traded in the green. As per the Office for National Statistics data, the consumer price inflation in the UK increased by 1 percent in July 2020. The inflation was up by 0.6 percent in June 2020. Meanwhile, the Eurozone inflation increased by 1.3 percent in July 2020. Among the gaining stocks, Wishbone surged by about 82.5 percent after the company stated that it would start the drilling programme at its gold mine. Morrison’s shares were up by about 1.6 percent after the company listed its product on Amazon. Among the decliners, National Express was down by close to 3.4 percent after the company appointed Chris Davies as the interim group CEO. Persimmon was down by around 1.9 percent after the company appointed Dean Finch the current CEO of National Express as the new CEO of the company.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (19 August 2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BP.) BP PLC; (VOD) VODAFONE GROUP PLC.
Sectors traded in the positive zone*: Telecommunications Services (+1.08%), Healthcare (+0.86%) and Financials (+0.72%).
Sectors traded in the negative zone*: Technology (-0.88%), Consumer Cyclicals (-0.65%) and Energy (-0.16%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $42.98 per barrel and $45.23 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,954.30 per ounce, down by 2.92% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3115 and 0.9041, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.680 per cent and 0.236 per cent, respectively.
*At the time of writing
