FTSE 100 ended marginally higher; Bitcoin price down 9%

US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 0.48 points or 0.01 per cent higher at 4,227.00, Dow Jones Industrial Average Index dipped by 7.62 points or 0.02 per cent lower at 34,622.62, and the technology benchmark index Nasdaq Composite traded higher at 13,888.27, up by 6.55 points or 0.05 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 on a mixed note as investors waited for the key inflation data to be released later this week. Among the gaining stocks, Stitch Fix (SFIX) shares surged by about 12.33% after the Company’s first-quarter revenue came out to be more than the consensus estimates. Marvell Technology (MRVL) shares went up by about 4.39% after the Company’s first-quarter top-line and bottom-line business remained more than the Wall Street estimates. Among the declining stocks, Tesla (TSLA) shares dropped by around 1.05%, even after the Company had delivered 33,463 China-made vehicles in that market during May 2021, up by 29% from April 2021 levels. Etsy (ETSY) shares went down by about 0.32% after the Company had announced a private offering worth USD 1 billion in convertible senior notes.

                     

Global Market Round Up || US Stocks Wobble On Inflation Worries; FTSE 100 Ended Marginally Higher

 

UK Market News: The London markets traded in a green zone after a flurry of well-received corporate announcements regarding earnings. Massive fall was seen in various cryptocurrencies as bitcoin price plunged by over 9.28%.

Intermediate Capital Group shares surged by about 6.43% after it had released sparkling full-year results. Moreover, the exceptional performance of the investment arm caused a significant rise in the annual profits.

British American Tobacco had raised the annual forecast for revenue growth at constant currency to 5%, driven by the solid performance of tobacco products. Moreover, the shares grew by around 0.65%.

Dechra Pharmaceuticals shares rose by around 2.74% after the Company stated that the full-year revenue would remain significantly ahead of the consensus estimates boosted by strong market fundamentals and lower costs.

Paragon Banking Group had achieved record levels of profitability as underlying profits rose by around 44.9% to £82.9 million during H1 FY21. Moreover, the shares climbed by about 11.72%.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 08 June 2021)

             1 Year FTSE 100 Chart (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group PLC (LLOY); Vodafone Group PLC (VOD); and Rolls-Royce Holdings PLC (RR.)

Top 3 Sectors traded in green*: Real Estate (1.78%), Consumer Cyclicals (1.41%) and Basic Materials (1.22%).

Top Sector traded in red*: Healthcare (-0.35%).

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 $72.14/barrel and $69.98/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,895.75 per ounce, down by 0.16% against the prior day closing.

Currency Rates*: GBP to USD: 1.4155; EUR to GBP: 0.8606.

Bond Yields*: US 10-Year Treasury yield: 1.528%; UK 10-Year Government Bond yield: 0.7705%.

*At the time of writing


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