FTSE 100 breached the 7,000 level for the first time since the pandemic

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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 7.99 points or 0.19 per cent higher at 4,178.41, Dow Jones Industrial Average Index surged by 111.26 points or 0.33 per cent higher at 34,147.25, and the technology benchmark index Nasdaq Composite traded lower at 14,029.61, down by 9.15 points or 0.07 per cent against the previous day close (at the time of writing - 11:30 AM ET).

US Market News: The major indices of Wall Street traded on a mixed note after a sharp rebound in housing activity during March 2021. Among the gaining stocks, Alcoa Corp shares rose by about 6.33% after the Company had reported the first-quarter result better than the expectations. Simon Property Group shares went up by approximately 2.65% after Jefferies had upgraded its investment rating from “Hold” to “Buy”. DraftKings shares jumped by about 1.44% after the sports betting operator had signed a deal with the NFL to become one of the sports-betting partners. Among the declining stocks, Morgan Stanley shares dropped by around 0.58%, even after it had reported a 150% increase in the quarterly profit.  

 

US Stocks Performance*

UK Market News: The London markets traded in a green zone underpinned by strong investor sentiments regarding encouraging Chinese growth figures. FTSE 100 advanced higher by around 0.52% as optimism regarding economic recovery had lifted the sentiments. According to the data from European Automobile Manufacturers’ Association, the UK car registration had witnessed a month-on-month growth of around 453.4% during March 2021.

FTSE 100 listed Ocado Group shares grew by about 1.81% after the Company had invested 10 million pounds in a start-up named Oxbotica, which is a self-driving vehicle specialist.

FTSE 250 listed TI Fluid Systems updated that its largest shareholder, Bain Capital and chief executive William Kozyra, had sold 52.4 million shares to institutional investors. Moreover, the shares went down by around 3.41%.

Ashmore Group shares dropped by about 3.49% after it had reported a 3% drop in funds under management for the first quarter due to negative investment performance during the period.

IT provider Kainos Group had updated that the results for the year ended 31 March 2021 would remain at the upper end of consensus estimates. However, the shares went down by about 3.77%.

European Indices Performance (at the time of writing):

 

FTSE 100 Index One Year Performance (as on 16 April 2021)

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

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

Top 3 Sectors traded in green*: Consumer Cyclicals (+1.02%), Basic Materials (+0.72%) and Financials (+0.65%).

Top 3 Sectors traded in red*: Energy (-1.01%), Utilities (-0.23%) and Healthcare (-0.11%).

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 $66.89/barrel and $63.27/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,778.65 per ounce, up by 0.68% against the prior day closing.

Currency Rates*: GBP to USD: 1.3832; EUR to GBP: 0.8659.

Bond Yields*: US 10-Year Treasury yield: 1.578%; UK 10-Year Government Bond yield: 0.765%.

 

*At the time of writing

 


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