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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 3.83 points or 0.09 per cent higher at 4,207.94, Dow Jones Industrial Average Index surged by 131.68 points or 0.38 per cent higher at 34,661.13, and the technology benchmark index Nasdaq Composite traded lower at 13,731.03, down by 17.71 points or 0.13 per cent against the previous day close (at the time of writing - 11:50 AM ET).
US Market News: The major indices of Wall Street traded in a green zone due to market optimism regarding the accelerated economic recovery. Among the gaining stocks, Cloudera (CLDR) shares surged by about 24.03% after the Company agreed to be acquired by the private equity giants such as KKR and Clayton Dubilier & Rice. AMC Entertainment Holdings (AMC) shares climbed by around 19.77% after the Company had sold a significant stake worth approximately USD 230.5 million to Mudrick Capital. Nokia Corp (NOK) shares went up by about 0.78% after the Company had decided to collect licensing fees from automaker Daimler for the patents. Among the declining stocks, Canopy Growth (CGC) shares went down by about 3.87%, even after the Company posted a significant jump in the top-line business for the fourth fiscal quarter.
UK Market News: The London markets traded in a green zone as investors’ sentiments got boosted by the encouraging UK manufacturing numbers. Moreover, the UK manufacturing PMI had touched 65.5 in May 2021 as compared to 60.1 for April 2021. According to the leading mortgage lender in the UK, the British house prices had shown a jump of around 10.9% annually for May 2021.
FTSE 100 listed JD Sports Fashion shares went up by around 0.38% after it had denied the press speculation that the Company had been looking for a successor to the chief executive.
Biffa had shown underperformance with regards to the top-line business and the bottom-line business during FY21. Moreover, it remained hopeful regarding a gradual recovery. However, the shares rose by approximately 2.74%.
Wickes Group shares grew by around 4.69% after the Company had reported a surge in year-to-date sales and upgraded the full-year guidance.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 1 June 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BP Plc (BP.).
Top 3 Sectors traded in green*: Basic Materials (+3.69%), Energy (+2.70%) and Utilities (+1.43%).
Top Sector traded in red*: Healthcare (-0.66%).
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 $70.45/barrel and $67.92/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,904.85 per ounce, down by 0.02% against the prior day closing.
Currency Rates*: GBP to USD: 1.4161; EUR to GBP: 0.8637.
Bond Yields*: US 10-Year Treasury yield: 1.611%; UK 10-Year Government Bond yield: 0.8215%.
*At the time of writing
