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UK Market News: The UK stock market moved higher on Friday, with the blue-chip FTSE100 index up by over half a percent. Packaging stocks have boosted the index, with Mondi, DS Smith, and Smurfit Kappa being among the top risers, going up by over 3% each, while the investors are concentrating on countering the steeply rising costs.
Mondi plc (LON: MNDI): The shares of the Weybridge-headquartered packaging and paper company Mondi plc were up by 4.38%, with a day’s high of GBX 1,525.00. The company has recently introduced two sustainable packaging solutions for food products in Germany.
Smurfit Kappa Group plc (LON: SKG): The shares of the Dublin-headquartered packaging business, Smurfit Kappa Group plc, were up by 4.19%, with a day’s high of GBX 3,410.00. The company recently reported that its Q1 revenue and earnings in 2022 went up by a third.
DS Smith plc (LON: SMDS): The shares of the London-headquartered packaging business, DS Smith plc, were up by 3.50%, with a day’s high of GBX 337.00. For the fiscal year ending April, the company reportedly expects to generate profits worth up to $768 million.
US Markets: The US market is likely to make a sluggish start, as indicated by the futures indices. S&P 500 future was down by 40.75 points or 0.95% at 4,243.75, while the Dow Jones 30 future was down by 0.36% or 122 points at 33,706.00. The technology-heavy index Nasdaq Composite future was also down by 1.50% or 202.25 points, at 13,244.75. (At the time of writing – 9:55 AM ET).
The shares of the US-based tech firm Apple (AAPL), declined by around 2% in the premarket trading session. This happened after the company’s CFO Luca Maestri said that the sales would suffer by $8 billion in the Q3 of the year due to supply chain problems.
The shares of the US-based e-commerce company, Amazon (AMZN), declined by over 9% in the premarket trading session. This came after the company declared less-than-expected guidance for its Q2 revenues.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 29 April 2022)
(Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Barclays Plc (BARC), Vodafone Group Plc (VOD),
Top 3 Sectors traded in green*: Basic Materials (2.42%), Financials (1.03%) Real Estate (0.87%)
Top 3 Sectors traded in red*: Utilities (-0.90), Technology (-0.89%), Industrials (-0.34%)
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 $109.48/barrel and $107.34/barrel, respectively.
Gold Price*: Gold price quoted at US$ 1,911.12 per ounce, up by 1.08% against the prior day’s closing.
Currency Rates*: GBP to USD: 1.2536; EUR to USD: 1.0526.
Bond Yields*: US 10-Year Treasury yield: 2.877%; UK 10-Year Government Bond yield: 1.8770%.
*At the time of writing
