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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 8.78 points or 0.22 per cent lower at 3,901.10, Dow Jones Industrial Average Index contracted by 139.99 points or 0.45 per cent lower at 31,297.81, and the technology benchmark index Nasdaq Composite traded lower at 13,960.80, down by 11.73 points or 0.08 per cent against the previous day close (at the time of writing, before the US market close at 1:15 PM ET).
US Market News: The major indices of Wall Street traded in red zone after the release of weaker than expected inflation data. The Labor Department had reported initial jobless claims of 793,000 for the week ended on 06 February 2021. Among the gaining stocks, shares of Tempur Sealy went up by about 12.10% after it had beaten quarterly earnings forecast. Generac shares jumped by around 3.10% after its quarterly top-line, and bottom-line business went ahead of estimates. PepsiCo shares jumped by approximately 0.79% after it announced an increase of 5% in the dividend. Among the declining stocks, shares of Uber Technologies plunged by around 3.80% after it had reported a quarterly loss.
US Stocks Performance*
UK Market News: The London markets traded marginally in green as investors seek fresh catalysts like U.S. jobless claims data and UK GDP data. FTSE 100 traded marginally higher by around 0.07%, driven by an impressive quarterly earnings report from drug-maker AstraZeneca. The Office for National Statistics reported that 18% of the UK workforce was on furlough leave between 11 January 2021 and 24 January 2021.
Britain’s, Royal Mail shares, went up by around 4.61% after it had forecasted annual profits more than market expectations as the Covid-19 pandemic, boosted its parcel delivery demand and partially offset the temporary closure of stores. The shares were traded at its highest level since October 2018.
Covid-19 vaccine developer AstraZeneca had reported its FY20 results today. It had delivered a surge in final revenues, driven by the robust demand for its oncology drugs. The Company had anticipated growth in its 2021 revenues. Its shares jumped by about 0.91%.
Energy giant Royal Dutch Shell provided a strategy update of becoming net-zero emissions energy business by 2050. The shares went down by around 1.94% after the Company presented its decarbonization strategy.
Fashion brand Ted Baker shares dropped by around 4.31% after the Company expected its UK stores to remain temporarily closed till May 2021 due to Covid-19 restrictions. It had reported a significant drop of 47% in the fourth-quarter revenue.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 11 February 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BP Plc (BP.).
Top 3 Sectors traded in green*: Industrials (+1.61%), Consumer Cyclicals (+0.48%) and Technology (+0.42%).
Top 3 Sectors traded in red*: Energy (-1.65%), Real Estate (-0.98%) and Healthcare (-0.63%).
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 $61.16/barrel and $58.28/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,826.90 per ounce, down by 0.85% against the prior day closing.
Currency Rates*: GBP to USD: 1.3811; EUR to GBP: 0.8782.
Bond Yields*: US 10-Year Treasury yield: 1.160%; UK 10-Year Government Bond yield: 0.469%.
*At the time of writing
