FTSE 100 dragged down as real wages take a hit

Fresnillo plc (LON: FRES): The shares of the miner focused on precious metals, Fresnillo plc, surged by 1.47%, with a day’s high of GBX 733.40. Owing to lesser gold production and a drop in silver price, the company has recently reported its profits going down by over 50%.

Diageo plc (LON: DGE): The shares of the leading beverage alcohol business, Diageo plc, rallied by 1.25%, with a day’s high of GBX 3,896.00. The company has recently reported its annual sales going up due to customers drinking more expensive whiskey in spite of price hikes.

Coca-Cola HBC AG (LON: CCH): The shares of the bottler of Coca-Cola products, Coca-Cola HBC AG, soared by 1.08%, with a day’s high of GBX 2,060.00. The company has recently reported robust volumes for the first half of the year and is confident about its bright prospects.

US Markets: The US market is likely to get a sluggish start, as indicated by the futures indices. S&P 500 future was down by 37.75 points or 0.88% at 4,270.25, while the Dow Jones 30 future was down by 0.64% or 217 points at 33,900.00. The technology-heavy index Nasdaq Composite future was also down by 0.99% or 135.75 points, at 15,522.75. (At the time of writing – 9:15 AM ET).

The shares of the home improvement retailer, Lowe’s (LOW), surged by 1% in the premarket trading session. This happened after the company reported quarterly earnings of $4.67 per share, which were 9 cents more than estimated.

The shares of the leading doughnut chain, Krispy Kreme (DNUT), plunged by 14.7% in the premarket trading session. This happened after the company reported less-than-expected revenues and profits for the second quarter of the year.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 17 August)

                                                            (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Rolls-Royce Holdings plc (RR.), BP plc (BP.)

Top 3 sectors traded in red*:  Real Estate (-1.92%), Consumer Cyclicals (-1.12%), Financials (-1.07%)

Top 3 sectors traded in green*:  Consumer Non-Cyclicals (0.53%), Energy (0.40%)

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 $92.50/barrel and $87.06/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,785.95per ounce, down by 0.21% against the prior day closing.

Currency Rates*: GBP to USD: 1.2068; EUR to USD: 1.0162.

Bond Yields*: US 10-Year Treasury yield: 2.880%; UK 10-Year Government Bond yield: 2.3005%.

*At the time of writing