FTSE 100 Breached 7,000 Level; Travel Stocks in Focus

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 34.36 points or 0.77 per cent lower at 4,439.40, Dow Jones Industrial Average Index dipped by 200.05 points or 0.58 per cent lower at 34,551.27, and the technology benchmark index Nasdaq Composite traded lower at 15,024.70, down by 157.20 points or 1.04 per cent against the previous day close (at the time of writing – 11:35 AM ET).

US Market News: The major indices of Wall Street traded in a red zone amid prospects of reduced monetary stimulus. Among the gaining stocks, Invesco (IVZ) shares surged by around 6.19% after the Company remained in discussions to merge with the Asset Management unit of State Street. Manchester United (MANU) shares went up by around 0.94% after the Company’s quarterly net loss came out to be less than the estimates.  Unum Group (UNM) shares rose by around 0.45% after the Company planned to launch a new digital verification tool to manage vaccine mandates. Among the declining stocks, Take-Two Interactive Software (TTWO) shares dropped by around 0.96% after BMO Capital downgraded the stock to “market perform”.

UK Market News: The London markets traded in a red zone after UK retail sales witnessing an unexpected drop in August 2021. According to the recent data from the Office for National Statistics, UK retail sales had shown a monthly drop of around 0.9% during August 2021.

Virgin Wines shares went up by about 2.69% after the Company collaborated with Moonpig to launch a range of products on the Moonpig platform.

BT Group shares grew by around 1.58% after appointing Adam Crozier as the chairman of the Company. Moreover, the Company would create additional 1,000 jobs at the site in Birmingham, UK.

S4 Capital had agreed to buy a technology service firm, Zemoga, for an undisclosed sum. Meanwhile, the shares rose by around 0.50%.

Anglo American shares dropped by around 8.03% after Morgan Stanley downgraded the Company from “overweight” to “equal-weight”.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 17 September 2021)

1 Year FTSE 100 Chart (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group PLC (LLOY); Vodafone Group PLC (VOD.); International Consolidated Airlines Group S.A. (IAG.).

Top 3 Sectors traded in green*: Technology (+0.50%), Consumer Cyclicals (+0.46%), Financials (0.42%).

Top 3 Sectors traded in red*: Basic Materials (-3.21%), Utilities (-0.81%), Energy (-0.58%).

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 $75.21/barrel and $71.84/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,750.55 per ounce, down by 0.35% against the prior day closing.

Currency Rates*: GBP to USD: 1.3737; EUR to USD: 1.1727.

Bond Yields*: US 10-Year Treasury yield: 1.368%; UK 10-Year Government Bond yield: 0.8475%.

*At the time of writing