FTSE 100 Ended Marginally Lower; GCP Student Living Stock Jumped 12.50%

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 FTSE 100 Ended Marginally Lower; GCP Student Living Stock Jumped 12.50%
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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 9.63 points or 0.22 per cent lower at 4,350.40, Dow Jones Industrial Average Index dipped by 87.41 points or 0.25 per cent lower at 34,899.61, and the technology benchmark index Nasdaq Composite traded lower at 14,511.70, down by 31.40 points or 0.22 per cent against the previous day close (at the time of writing – 11:55 AM ET).

US Market News: The major indices of Wall Street traded in a red zone due to the decline in the cyclical stocks. Among the gaining stocks, Moderna (MRNA) shares rose by about 8.24% after the news that the Company would be admitted to S&P 500 index effective 21 July 2021. FuboTV (FUBO) shares went up by about 3.84% after the Company stated it would offer Sportsbook services in Pennsylvania. Molson Coors Beverage (TAP) shares grew by about 0.80% after the Company would resume paying quarterly dividends. Among the declining stocks, Lordstown Motors Corp (RIDE) shares fell by about 2.14% after it stated that the Company would remain under investigation by federal prosecutors in New York.

UK Market News: The London markets traded in a red zone due to the weak performance of the mining stocks. Moreover, the UK remained all set to reopen next week.

FTSE 100 listed Burberry Group shares plunged by around 5.36%, although the Company had reported a significant increase in the first-quarter sales and maintained the full-year guidance.

Rio Tinto shares dropped by around 3.45% after the Company had reported around a 12% decline in iron ore shipments during the quarter due to the disruptions caused in the Pilbara operations.

DCC stated that it had delivered resilient trading performance during the first quarter. Moreover, the operating profit would grow more than the expectations. Furthermore, the shares went up by around 1.88%

FTSE 250 listed Homeserve shares grew by around 3.26% after the Company had backed the full-year guidance ahead of the annual general meeting.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 16 July 2021)

1 Year FTSE 100 Chart (Source: Refinitiv)

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

Top 3 Sectors traded in green*: Consumer Non-Cyclicals (+1.13%), Utilities (+1.06%) and Technology (+0.79%).

Top 3 Sectors traded in red*: Basic Materials (-2.05%), Energy (-1.54%) and Financials (-0.92%).

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 $73.61/barrel and $71.87/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,812.45 per ounce, down by 0.90% against the prior day closing.

Currency Rates*: GBP to USD: 1.3777; EUR to GBP: 0.8575.

Bond Yields*: US 10-Year Treasury yield: 1.304%; UK 10-Year Government Bond yield: 0.6260%.

*At the time of writing


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