Global Markets: Stocks in the United States were trading in mix as on Friday (November 08), with the technology benchmark index the Nasdaq Composite Index expanded by 20.31 points or 0.24% to 8,454.83, the price-weighted Dow Jones Industrial Average Index traded 46.02 points lower at 27,628.78, the market-cap-weighted the S&P 500 index was marginally up by 0.82 points or 0.03% to 3,086.00 (before the U.S. market close at 12:30 PM ET).
Global News: On 8th November 2019, the Wall Street opened in green as the earnings season continued. General Motors earnings beat the Wall Street predictions which lead to its stock rising 1.4 per cent. Boeing stock was down by 0.2 per cent ahead of the company’s testimony before the Senate by CEO Dennis Muilenburg in relation to the two fatal 737 Max crashes. Beyond Meat stock plunged significantly by 18.9 per cent following reporting a surprise profit which was not enough to outweigh the comments that it would need to add discounts to combat competition. Alphabet’s earnings came in below the forecasts and the stock of the company plunged by 1.5 per cent post. Pfizer’s earnings came in above estimates and upgraded its forecasts for the full year following which its stock price increased by 3.1 per cent. Mastercard reported an 11 per cent growth in its profit post which its stock was up marginally by 1.1 per cent.
S&P 500 (SPX)
Top Performers: Booking Holdings Inc, Monster Beverage Corp and Walt Disney Co are top gainers and increased by 5.41%, 5.07% and 4.05% respectively.
Worst Performers: Albemarle Corp, Gap Inc, and Marathon Oil Corp are the top three laggards and decreased by 4.73%, 3.71% and 3.34% respectively.
NASDAQ Composite (IXIC)
Top Performers: ENGlobal Corp, MICT Inc, and Axon Enterprise Inc are top gainers and increased by 62.52%, 34.13% and 28.96% respectively.
Worst Performers: AnaptysBio Inc, Therapix Biosciences Ltd and DIRTT Environmental Solutions Ltd are the top three laggards and decreased by 71.71%, 25.82% and 23.48% respectively.
Top Performing Sectors: Consumer Non-Cyclicals (up 0.98%) and Financials (up 0.02%).
Worst Performing Sectors: Consumer Cyclicals (down 0.01%), Healthcare (down 0.01%) and Technology (down 0.02%).
Dow Jones Industrial Average (DJI)
Top Performers: Walt Disney Co, McDonald’s Corp and Proctor & Gamble Co are top gainers and increased by 4.07%, 0.86% and 0.48% respectively.
Worst Performers: Dow Inc, Exxon Mobil Corp and Chevron Corp are the top three laggards and decreased by 1.34%, 1.23%, and 0.98% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 47.03 points or 0.64% lower at 7,359.38, the FTSE 250 index snapped 75.59 points or 0.37% lower at 20,357.63, and the FTSE All-Share Index ended 23.17 points or 0.57% lower at 4,055.66 respectively. Another European equity benchmark index STOXX 600 ended at 404.89, down by 1.67 points or 0.41 per cent.
European News: The Scottish National Party, which is expected to play the part of kingmaker, said that it would seek a second independence vote in return for a progressive alliance with the opposition Labour Party in case no party wins an outright majority next month, in a bid to ensure that Conservatives are not able to form a government. A report by the Recruitment and Employment Confederation on the monthly index of jobs vacancies, which is monitored by the Bank of England, to 51.7 in October at the slowest rate in almost eight years, suggesting that the labour market may be losing its strength. As investors await political developments ahead of 12 December election in the UK, Sterling held near two-week lows against the dollar and euro as it dipped below $1.28 on Friday.
London Stock Exchange*
Top Performers: GAMES WORKSHOP GROUP PLC (GAW), ZOTEFOAMS PLC (ZTF), and CHARLES TAYLOR PLC (CTR) were top gainers and leapt up by 18.62%, 11.88% and 10.06% respectively.
Worst Performers: PENDRAGON PLC (PDG), FERREXPO PLC (FXPO), and LAMPRELL PLC (LAM) were the top three laggards and dipped by 11.93%, 8.08% and 7.89% respectively.
FTSE 100 Index*
5 days share price performance (November-08-2019) before the market closed (Chart sourced from Thomson Reuters)
Top Gainers: DCC PLC (DCC), HISCOX LD (HSX) and LONDON STOCK EXCHANGE GROUP PLC (LSE) were top performers and accelerated by 1.68%, 1.68% and 1.54% respectively.
Top Laggards: OCADO GROUP PLC (OCDO), EVRAZ PLC (EVR) and NMC HEALTH PLC (NMC) were the poor performers and tumbled by 5.54%, 3.87% and 3.86% respectively.
Volume Leaders: (LLOY) LLOYDS BANKING GROUP PLC; (CNA) CENTRICA PLC; (VOD) VODAFONE GROUP PLC.
Best Performing Sectors: Utilities (up by 0.44%) and Consumer Non-Cyclicals (up 0.01%).
Worst Performing Sector: Basic Materials (down 1.71%), Consumer Cyclicals (down 0.93%), and Financials (down 0.64%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2774 and 0.8628, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.919%, and the UK 10-Year Government Bond yield was trading at 0.795%, respectively.
*At the time of writing