UK Market: The UK stock market was trading in the green on Tuesday, with the blue-chip FTSE100 index gaining over half a per cent. Oil stocks, BP and Shell, and mining stocks, Antofagasta and Glencore, gave a boost to the index, along with positive trading updates from some companies. While retail stocks generally suffered due to a drop in sales volumes, Unilever extended its gains as it improved it FY guidance owing to strong pricing, making it the top FTSE 100 gainer.
Unilever plc (LON: ULVR): The shares of the leading British retailer, Unilever plc, surged by 2.71%, with a day’s high of GBX 4,022.50. The company has reported an underlying sales growth of 8.1% in the first half of the year.
BP plc (LON: BP.): The shares of the oil and gas supermajor, BP plc, went up by 1.88%, with a day’s high of GBX 393.95. The company’s subsidiary BP Capital Markets America Inc. is planning to redeem US$2.85bn of outstanding aggregate principal amounts.
Glencore PLC (LON: GLEN): The shares of the miner and commodity trader, Glencore plc, rallied by 2.17%, with a day’s high of GBX 442.20. The company is currently facing an investigation for alleged bribery cases.
US Markets: The US market is likely to get a sluggish start, as indicated by the futures indices. S&P 500 future was down by 16.25 points or 0.42% at 3,954.00, while the Dow Jones 30 future was down by 0.38% or 121 points at 31,845.00. The technology-heavy index Nasdaq Composite future was also down by 0.59% or 72.75 points, at 12,280.50. (At the time of writing – 9:00 AM ET).
The shares of the leading American retailer, Walmart (WMT), plunged by 9.5% in the premarket trading session. The happened after the company cut back on its outlook for the present quarter and the full year owing to soaring food and fuel prices.
The shares of the US-based automaker, General Motors (GM), plummeted by 3.7% in the premarket trading session. The happened after the company reported less-than-expected quarterly earnings and said it was cutting back on hirings.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 26 July)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Rolls-Royce Holdings plc (RR.), Centrica plc (CNA)
Top 3 sectors traded in red*: Technology (-1.42%), Consumer Cyclicals (-0.75%), Real Estate (-0.51%)
Top 3 sectors traded in green*: Energy (1.98%), Healthcare (1.07%), Utilities (0.97%)
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 $98.25/barrel and $101.97/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,717.55 per ounce, down by 0.09% against the prior day closing.
Currency Rates*: GBP to USD: 1.2007; EUR to USD: 1.0140.
Bond Yields*: US 10-Year Treasury yield: 2.739%; UK 10-Year Government Bond yield: 1.8980%.
*At the time of writing