US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 67.27 points or 1.94 per cent lower at 3,398.12, Dow Jones Industrial Average Index contracted by 703.95 points or 2.48 per cent lower at 27,631.62, and the technology benchmark index Nasdaq Composite traded lower at 11,366.54, down by 181.74 points or 1.57 per cent against the previous day close (at the time of writing, before the US market close at 11:55 AM ET).

US Market News: The Wall Street opened in the red after the US recorded 68,767 new cases of Covid-19. The US reported 959,000 new home sales in September 2020 that were below the forecasted number of 1,025,000. Among the gainers, Dunkin Brands was up by around 15.4% after it announced that it is in talks to be acquired by Inspire Brands. Apple was the only stock trading in green in DOW 30, and it was up by around 0.07%. Among the decliners, Hasbro plunged by nearly 9.5% after the revenue of TV, films and entertainment business was reported below expectation. American Express was down by close to 3.6% and fell the most on Dow 30. Tesla was down by about 0.5% as it is reported that it would ship 7,000 cars from China to Europe.

 

US Stocks Performance*

European News: The London and European markets traded in the red as the investors fear the rising cases of the coronavirus. As per the industry expert’s data, the Consumer Confidence index in the UK fell to 101.3 in October 2020, which was down by 1.1 points from September 2020. Among the gaining stocks, shares of Metals Exploration zoomed by nearly 237.9% after its trading on the AIM was restored. The Hut Group rose by 10.5% after it upgraded its revenue guidance for the full-year. Pearson was up by close to 3.4% as it led the FTSE-100 gain. AstraZeneca gained by around 1.2% after it resumed trial for covid-19 vaccines. Among the decliners, Bezant Resources declined by close to 4.9% after it reported a loss after tax in H1 FY20. Pershing Square Holdings was down by around 2.6% after it launched the senior notes of USD 500 million.

 European Indices Performance (at the time of writing)

FTSE 100 Index One Year Performance (as on 26 October 2020)

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

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

Top 2 Sectors traded in green*: Healthcare (+1.64%) and Utilities (+0.95%).

Top 3 Sectors traded in red*: Energy (-1.53%), Consumer Cyclicals (-1.47%), and Technology (-1.17%).

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 $40.77/barrel and $38.52/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,905.30 per ounce, up by 0.01% against the prior day closing.

Currency Rates*: GBP to USD: 1.3026; EUR to GBP: 0.9070.

Bond Yields*: US 10-Year Treasury yield: 0.798%; UK 10-Year Government Bond yield: 0.271%.

 

*At the time of writing 

 

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