AUS
NZ
UK
CA
USA
IND
US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 10.43 points or 0.31 per cent higher at 3,370.90, Dow Jones Industrial Average Index expanded by 262.46 points or 0.94 per cent higher at 28,053.90, and the technology benchmark index Nasdaq Composite traded lower at 10,935.32, down by 33.03 points or 0.30 per cent against the previous day close (at the time of writing, before the US market close at 12:05 PM ET).
US Market News: The Wall Street opened in the green after the key indices advanced. The US Core PPI increased by 0.5 percent month on month, and PPI increased by 0.6 percent month on month in July 2020. Among the gaining stocks, Boeing shares were up by about 3.7 percent, although the company reported that customers cancelled 43 planes in July. General Motor’s shares were up by 3.6 percent after the Chief Financial Officer of the Company moved to payment startup Stripe. Foot Locker’s shares were up by close to 1.7 percent after the company stated that it expects better than expected earnings for the quarterly result. Among the decliners, Walmart was down by 0.4 percent after the company partnered with Instacart for same-day delivery in the US. Johnson & Johnson was down by close after the company stated that it could manufacture 1 billion Covid-19 doses in 2021.
US Stocks Performance (at the time of writing)
European News: London and European market opened in green. The Office for National Statistics reported that the number of employees in the UK on payroll declined by about 730,000 in July 2020 as compared to March 2020. Meanwhile, the passenger numbers at the Heathrow Airport declined by 88 percent in July 2020 due to the travel restrictions. Among the gaining stocks, Intercontinental Hotels was up by about 5.1 percent after the company said that it was witnessing a very early cue of recovery. Rolls Royce shares were up by close to 2.5 percent after the company announced that it would carry out a check of engines after cracks were found in Trent XWB engines. Prudential was up by close to 1.4 percent after the company stated that it would split its US business. Among the decliners, Bellway was down by close to 4.2 percent after the company announced the construction of fewer homes due to the pandemic. Quilter was down by close to 0.7 percent after the company reported a decline in profit.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (11 August 2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE PLC; (HSBA) HSBC HOLDINGS PLC.
Sectors traded in the positive zone*: Energy (+3.20%); Consumer Cyclicals (+2.48%), and Financials (+2.15%).
Sector traded in the negative zone*: Utilities (-0.64%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $41.83 per barrel and $44.74 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,933.50 per ounce, down by 4.77% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3062 and 0.8993, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.658 per cent and 0.198 per cent, respectively.
*At the time of writing
