Did Barclays Results Push FTSE 100 Lower; Dow Jones Down by over 200 Points - Kalkine Media

February 18, 2021 08:36 PM GMT | By Hina Chowdhary
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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 42.63 points or 1.08 per cent lower at 3,888.70, Dow Jones Industrial Average Index dipped by 301.73 points or 0.95 per cent lower at 31,311.29, and the technology benchmark index Nasdaq Composite traded lower at 13,731.25, down by 234.25 points or 1.68 per cent against the previous day close (at the time of writing, before the US market close at 10:30 AM ET).

US Market News: The major indices of Wall Street traded in red as U.S. jobless claims hit a four-week high. The Labour Department had reported initial jobless claims to around 861,000 for the week ended on 13 February 2021. Among the gaining stocks, Twilio shares surged by around 10.69% after it reported an adjusted fourth-quarter profit. Tilray shares jumped by approximately 10.00% after marijuana producer reported better fourth-quarter results. Shares of Sleep Number Corp went up by about 8.96% after it had beaten fourth-quarter expectations. Among the declining stocks, shares of Walmart plunged by around 6.05% after its fourth-quarter earnings fell below expectations.

US Stocks Performance*

UK Market News: The London markets traded in the red zone as investors were waiting for fresh catalysts. FTSE 100 traded lower by around 1.40% after the results from Barclays pushed banking stocks lower. As measured by Bank of England CHAPS payment data, the debit and credit card spending had dropped by 28% for the week ended on 11 February 2021 as compared to an equivalent period of 2020.

Moneysupermarket.com Group had reported an 11% decline in its revenue and a 27% drop in profit after tax during FY20 due to adverse impacts of Covid-19 pandemic. However, the Company still managed to pay the same amount of dividend in 2020 as that of 2019. Its shares jumped by around 7.50%.

Greeting card and gifting platform Moonpig Group shares surged by approximately 3.55% after the Company had reported its strongest ever trading week in the Group’s history. Furthermore, the Company had anticipated its FY21 revenue to double as compared to FY20 revenue.

British lender Barclays shares dropped by around 5.00% after it had reported a 38% drop in its full-year profit. The Company also announced a dividend payment of a pence per share and share buyback programme worth around 700 million pounds.

Mining group Hochschild Mining had ended 2020 with a net cash position for the first time in last eight years driven by higher precious metal prices. Shares of HOC went down by around 0.09%.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 18 February 2021)

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

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

Top 3 Sectors traded in red*: Energy (-2.11%), Healthcare (-1.72%) and Financials (-1.72%).

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 $63.87/barrel and $60.68/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,774.65 per ounce, up by 0.10% against the prior day closing.

Currency Rates*: GBP to USD: 1.3967; EUR to GBP: 0.8650.

Bond Yields*: US 10-Year Treasury yield: 1.287%; UK 10-Year Government Bond yield: 0.627%.

*At the time of writing


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