AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
UK Market:
The UK stock market extended its weakness on Wednesday, with the blue-chip FTSE 100 index losing around another half a percent, as markets expect the US interest rate hike by 50 basis points from the US Federal Reserve to combat sharply rising inflationary pressure. Meanwhile, oil majors Shell and BP saw around a 1% rise in crude prices after European Union declared plans to totally ban Russian oil imports. The soaring cost of living crisis, the war in Ukraine, and a surge in covid cases in China have weighed on the outlook for global economic growth, with the Bank of England expected to raise the interest rate to 1% from 0.75% on Thursday.
Boohoo Group Plc (LON: BOO): The shares of the leading online fashion group were down by around 13%, with a day’s low of GBX 65.66. the company reported a 28% fall in annual core earnings and warned that the pandemic would continue to impact its revenue this year.
Aston Martin Lagonda Global Holding Plc (LON: AML): The shares of the world’s only independent luxury car group were up by 9.5%, with a day’s high of GBX 959.80. The company announced the appointment of Amedeo Felisa as Chief Executive Officer, the former boss of Ferrari NV.
HSBC Holdings Plc (LON: HSBA): The shares of the multinational investment bank and financial services holding company were up by around 0.7%, with a day’s high of GBX520.90. The company announced a share buy-back programme for US$1 billion.
US Markets: The US market is likely to have a positive start in trade today, as indicated by the trading in futures indices. S&P 500 future was up by 20.10 points or 0.48% at 4,175.48, while the Dow Jones 30 futures was up by 0.20% or 67.29 points at 33,128.79. The technology-heavy index Nasdaq Composite future was up by 0.11% at 13,089.90 (At the time of writing – 8:50 AM ET).
US Market News:
The share of US-based transport company, Uber (UBER) fell by 1% in the premarket trading session after the company reported a quarterly loss and revenue that beat estimates. It saw an increase in the ride volumes during the quarter while food deliveries also continued to grow.
The share of the US-based backup power generation products manufacturer Generac (GNRC) jumped by 5.3% in the premarket trading session after the company earned an adjusted US$2.09 per share, beating the US$1.94 estimates.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 4 April 2022)
1 Year FTSE 100 Chart (Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: BP Plc (BP.), Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD).
Top 3 Sectors traded in green*: Energy (1.32%) and Industrial (0.01%).
Top 3 Sectors traded in red*: Real Estate (-3.20%), Utilities (-1.15%), Healthcare (-1.12%)
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 $109.46/barrel and $106.89/barrel, respectively.
Gold Price*: Gold price was quoted at US$ 1,869.93 per ounce, down by 0.03% against the prior day’s closing.
Currency Rates*: GBP to USD: 1.2525; EUR to USD: 1.0525.
Bond Yields*: US 10-Year Treasury yield: 2.960%; UK 10-Year Government Bond yield: 1.9750%.
*At the time of writing
