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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 19.42 points or 0.49 per cent lower at 3,913.17, Dow Jones Industrial Average Index dipped by 55.06 points or 0.17 per cent lower at 31,467.69, and the technology benchmark index Nasdaq Composite traded lower at 13,886.31, down by 161.19 points or 1.15 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 the red zone as investors were eying on details regarding U.S Federal Reserve's January meeting. The U.S. industrial output jumped by around 0.9% during January 2021 as compared to a decline of 1.3% in its prior month. Among the gaining stocks, Chevron Corp shares jumped by around 2.75% after Berkshire Hathaway revealed its stake in the Company. Shares of Garmin went up by about 1.94% after it had beaten earnings and sales forecast. Energy Transfer LP shares jumped by approximately 0.29% after it announced plans to acquire Enable Midstream. Among the declining stocks, shares of Salesforce.com plunged by around 0.47% after receiving a request from the antitrust division of the U.S. Department of Justice.
US Stocks Performance*
UK Market News: The London markets traded in the red zone due to more than expected rise in UK inflation data. FTSE 100 traded lower by around 0.26% as inflation picked up during January 2021. The Office for National Statistics had reported a 0.7% YoY increase in Consumer Price Index (“CPI”) during January 2021 as compared to a 0.6% YoY increase during December 2020.
Mining Group Rio Tinto shares went up by around 1.79% after it had reported approximately 20% growth in its underlying profit, driven by an increase in commodity prices. The Company would pay USD 6.50 billion of dividend, its highest in 148-year history.
Trading platform provider Plus500 had announced a buyback of up to USD 25 million of shares. The Company would pay a special dividend after it reported record earnings driven by volatile markets. Its shares jumped by around 0.25%.
British fund supermarket Hargreaves Lansdown shares went down by approximately 6.32% after Peter Hargreaves sold around USD 416 million worth of shares.
Cigarette firm British American Tobacco had reported an increase in full-year profits. However, the figure remained below analysts’ expectations. Shares of BATS plunged by around 3.71%.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 17 February 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); BP Plc (BP.); Hargreaves Lansdown Plc (HL.)
Top 3 Sectors traded in green*: Energy (+2.12%), Basic Materials (+1.28%) and Utilities (+0.96%).
Top 3 Sectors traded in red*: Consumer Non-Cyclicals (-1.18%), Consumer Cyclicals (-0.87%) and Industrials (-0.78%).
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 $64.06/barrel and $60.77/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,774.45 per ounce, down by 1.36% against the prior day closing.
Currency Rates*: GBP to USD: 1.3855; EUR to GBP: 0.8691.
Bond Yields*: US 10-Year Treasury yield: 1.291%; UK 10-Year Government Bond yield: 0.570%.
*At the time of writing
