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US Markets: Broader indexes in the United States were trading in red, with the S&P 500 index traded 25.36 points or 0.77% lower at 3,258.30, Dow Jones Industrial Average Index contracted by 276.26 points or 0.96% lower and quoting at 28,583.18 and the technology benchmark index Nasdaq Composite traded lower at 9,248.96 and was down by 49.97 points or 0.54% against its previous day close (at the time of writing, before the U.S market close at ET 10:30 AM).
US News: On 31st January 2020, the Wall Street opened in the red, as death toll in the coronavirus catastrophe increased. Navistarâs shares were up by 54 per cent at the back of the news after a united of Volkswagenâs truck division made an offer to acquire the company for US $2.9 billion. Amazonâs shares had risen by 11.6 per cent in pre-market trade, after the companyâs revenue and profit for the fourth quarter of the year were above the expectations of the market. Exxon Mobilâs stocks were down by 1.5 per cent, after the company reported a decline in the profit for the fourth quarter. IBMâs stock rose by 6 per cent, following a news report that the companyâs CEO will be standing down. Caterpillarâs share also went down by 1 per cent, on reporting poor earnings for the fourth quarter. Chevron suffered a US $6.6 billion loss in the fourth quarter, following which its stock was down by 1.9 per cent.
S&P 500 (SPX)
Top Performers*: Amazon.com Inc, Colgate-Palmolive Co, and International Business Machine Corporation are top gainers and increased by 9.44%, 7.17% and 4.80% respectively.
Worst Performers*: Amgen Inc, Visa Inc, and Electronic Arts Inc are the top three laggards and decreased by 4.18%, 3.80% and 3.42% respectively.
NASDAQ Composite (IXIC)
Top Performers*: CPS Technologies Corp, Vaxart Inc, and Aduro Biotech Inc are top gainers and increased by 123.47%, 40.44% and 19.26% respectively.
Worst Performers*: Intec Pharma Ltd, Identiv Inc, and Blue Hat Interactive Entertainment Technology are the top three laggards and decreased by 31.05%, 25.93% and 14.84% respectively.
Top Performing Sectors*: Consumer Cyclicals (up 3.02%) and Utilities (up 0.03%).
Worst Performing Sectors*: Energy (down 1.26%), Healthcare (down 0.78%) and Technology (down 0.70%).
Dow Jones Industrial Average (DJI)
Top Performers*: International Business Machine Corporation, Proctor & Gamble Co, and Walt Disney Co are top gainers and increased by 4.13%, 0.37% and 0.17% respectively.
Worst Performers*: Visa Inc, Exxon Mobil Corp, and Dow Inc are the top three laggards and decreased by 3.67%, 3.27% and 2.21% respectively.
European Markets: The Londonâs broader equity benchmark index FTSE 100 traded at 95.95 points or 1.30% lower at 7,286.01, the FTSE 250 index snapped 148.39 points or 0.70% lower at 21,143.49, and the FTSE All-Share Index ended 47.85 points or 1.17% lower at 4,057.47, respectively. Another European equity benchmark index STOXX 600 ended down by 4.45 points or 1.07 per cent at 410.71.
European News: In economic news, the official data from the Bank of England published on 31 January 2020, has confirmed that mortgagee approvals in the United Kingdom have hit the highest since mid of 2017. Previously in the month a poll conducted by Reuters had confirmed the same. According to the Bank of England data, mortgages approved for house purchase in December 2019 stood at 67,241 from 65,514 in November 2019. Several economic indicators like the above have been on an upheaval since the December 2019 general election victory of Prime Minister Boris Johnson. The Bank yesterday had kept its rates unchanged underpinning on the improved performance of the economy. In business news, The French government has threatened the proposed takeover of British steel by Jingye of China. The move comes in the wake of the French government having concerns on the vast assets of British Steel in France which are considered strategic by France.
London Stock Exchange (LSE)
Top LSE Companies in the Gainers list*: ASTON MARTIN LAGONDA GLOBAL HOLDING (AML), STOBART GROUP LD (STOB) and KIER GROUP PLC (KIE) zoomed up by 21.33%, 8.74% and 7.30% respectively.
Top LSE Companies in the Laggards list*: FUTURE PLC (FUTR), HARGREAVES LANSDOWN PLC (HL.) and VIRGIN MONEY UK PLC (VMUK) were in the red zone and declined by 17.21%, 7.18% and 5.14% respectively.
FTSE 100 Index
 FTSE-100 index 5-day performance â January 31st, 2020 (Source: Thomson Reuters)
Top FTSE 100 Companies in the Gainers list*: POLYMETAL INTERNATIONAL PLC (POLY), CARNIVAL PLC (CCL), and INTERCONTINENTAL HOTELS GROUP PLC (IHG) accelerated by 1.54%, 1.39% and 1.33% respectively.
Top FTSE 100 Companies in the Stragglers list*: HARGREAVES LANSDOWN PLC (HL.), ANTOFAGASTA PLC (ANTO), EVRAZ PLC (EVR), went down by 7.16%, 3.81% and 3.47% respectively.
Top FTSE 100 Companies in high Volume zone*: LLOYDS GRP. (LLOY), VODAFONE GRP. (VOD) and BT GROUP (BT.A).
Sector in the positive zone*: Consumer Non-Cyclicals (up 0.24%).
Sectors in the negative zone*: Basic Materials (down 1.62%), Energy (down 1.60%), and Financials (down 1.18%).
Foreign Exchange Rate Quotation*: GBP/USD and EUR/GBP currency pairs traded at 1.3200 and 0.8401, respectively.
U.S. 10-Year and U.K. 10-Year Bond Yields*: U.S. 10-Year Treasuries yield were quoting at 1.520%, and the U.K. 10-Year Government Bond yield was trading at 0.519%, respectively.
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*At the time of writing.
