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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 77.46 points or 1.79 per cent lower at 4,349.70, Dow Jones Industrial Average Index dipped by 834.77 points or 2.41 per cent lower at 33,853.08, and the technology benchmark index Nasdaq Composite traded lower at 14,259.80, down by 167.40 points or 1.16 per cent against the previous day close (at the time of writing – 12:15 PM ET).
US Market News: The major indices of Wall Street traded in a red zone amid worries regarding economic recovery. Among the gaining stocks, Five9 (FIVN) shares went up by about 5.19% after the Company had received a lucrative takeover offer worth approximately USD 14.7 billion from Zoom Video Communications. AutoNation (AN) shares rose by about 5.00% after the Company had reported quarterly earnings more than the consensus estimates. Xpeng (XPEV) shares grew by about 0.20% after it had priced the base model of the new P5 electric sedan at approximately USD 24,700. Among the declining stocks, AMC Networks (AMCX) shares dropped by about 0.80% after the Company had decided to pay USD 200 million to end the legal dispute regarding the TV show “The Walking Dead”.
UK Market News: The London markets traded in a red zone due to the investors’ worries regarding the spread of the delta variant of the Covid-19 pandemic in the UK. Crude oil price plunged by around 6.22% amid the slower recovery in demand levels.
Travel stocks like Rolls-Royce Holdings and International Consolidated Airlines Group shares dropped by around 5.86% and about 4.88%, respectively, due to the negative sentiments around the spread of the delta variant across the UK.
FTSE 100 listed AstraZeneca shares dropped by around 0.58%, even after it had received China’s approval for the drug to treat small cell lung cancer.
Ultra Electronics shares marginally went down by around 0.08% after the Company had achieved strong profitability during the first half, boosted by the strong demand from defense markets.
Synthomer had raised the full-year guidance boosted by the strong trading performance. Furthermore, the shares went up by around 0.20%
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 19 July 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Rolls-Royce Holdings Plc (RR.); Vodafone Group Plc (VOD).
Top 3 Sectors traded in red*: Energy (-4.68%), Basic Materials (-3.24%) and Financials (-3.17%).
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 $68.69/barrel and $66.34/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,808.55 per ounce, down by 0.36% against the prior day closing.
Currency Rates*: GBP to USD: 1.3673; EUR to GBP: 0.8630.
Bond Yields*: US 10-Year Treasury yield: 1.191%; UK 10-Year Government Bond yield: 0.5460%.
*At the time of writing
