FTSE 100 edged lower due to new virus concerns; Shares of Card Factory surged by 5.95%

3 min read | January 01, 2021 04:30 AM AEDT | By Team Kalkine Media

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 1.34 points or 0.04 per cent lower at 3,730.70, Dow Jones Industrial Average Index dipped by 24.91 points or 0.08 per cent lower at 30,384.65, and the technology benchmark index Nasdaq Composite traded lower at 12,840.99, down by 29.01 points or 0.23 per cent against the previous day close (at the time of writing, before the US market close at 10:00 AM ET). 

US Market News: The major indices of Wall Street traded in red zone as US$600 billion stimulus package is still under discussion. The Americans’ initially weekly jobless claims during last week were 787,000, against the forecasted figure of 835,000 claims. Among the gaining stocks, Red Lion Hotels grew by about 28.89% after the company received a lucrative offer from Sonesta International Hotels. Celsius Holdings gained about 12.02% riding on the news that the stock would join S&P SmallCap 600 on 07 January 2021. Shares of Tribune Publishing went up by around 9.46% after Alden Global Capital offered to buy further stake in the company. MicroStrategy grew by around 0.46% after the Bitcoin surged in value. Among the declining stocks, Exxon Mobil Corp shares fell by about 0.36% after the company said that it would write down the value of its assets.

US Stocks Performance*

European News: The London and European markets traded in the red due to weak investor sentiments regarding Covid-19 resulting in growing restrictions with most part of the UK already in Tier 4. Among the gaining stocks, Shares of Countrywide went up by 12.76% after the company had accepted the takeover offer from Connells. Shares of Bahamas Petroleum Co grew by 0.88% after it had released a further update on its court process in the Bahamas. Shares of FirstGroup surged by 0.09% after the company had sold three North American properties in its Greyhound bus operations.  Among the decliners, Johnson Matthey fell by around 3.35% due to a growth in sterling against the dollar. Intercontinental Hotels Group was plunged by about 1.41% due to gloomy prospects around the travel and leisure sector. Shares of International Consolidated Airlines Group had dropped the most on the FTSE-100 index.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 31 December 2020)

     1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); International Consolidated Airlines Group SA (IAG); Vodafone Group Plc (VOD).

Top 3 Sectors traded in red*: Consumer Non-Cyclicals (-2.17%), Industrials (-1.56%) and Real Estate (-1.45%).

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 $51.40/barrel and $48.19/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,899.05 per ounce, up by 0.30% against the prior day closing.

Currency Rates*: GBP to USD: 1.3661; EUR to GBP: 0.8951.

Bond Yields*: US 10-Year Treasury yield: 0.918%; UK 10-Year Government Bond yield: 0.193%.

 

*At the time of writing


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