FTSE 100 heads for a positive close, Wall Street to make a soft start

3 min read | January 07, 2022 02:58 PM GMT | By Sreenivas D Ajankar

US Markets: The US market is likely to make a soft start, as indicated by the future market. S&P 500 futures were down by 10 points or 0.21% at 4,677, while the Dow Jones 30 futures was down by 0.15% or 61 points at 36,069. The technology-heavy index Nasdaq Composite future was down by 0.49% at 15,682 (At the time of writing – 8:55 AM ET).

US Market News: Shares of the video game retailer company GameStop surged nearly 18% in premarket trading on media reports that the company is planning to enter the cryptocurrency market and intends to develop games related to the cryptocurrency market.

Shares of Apple Inc rose during the premarket, covering some ground after the stock witnessed a drop of nearly 6% from all-time highs during the week.

UK Market News: The UK stock market showed a volatile trade throughout the day. Most of the mining stocks like Rio Tinto (2.30%), Anglo American (2.09%) traded in the green territory. However, the mid-cap focused FTSE250 index was down by 0.48%.

Clarkson Plc (LON: CKN): Shares of the shipping service provider were up by over 5%, with a day’s high of GBX 4,020 following its positive business update. The company saw solid demand during the December months and expects underlying profit before tax of not less than £69 million.

M&C Saatchi Plc (LON: SAA): Shares of the AIM-listed marketing service provider were down by over 10%, with a day’s low of GBX 184.50 after the company announced the intention of a potential share exchange merger with AdvancedAdvT Limited. The company has already acquired 12 million ordinary shares of M&C SAATCHI Plc on 5 January 2022.

C&C Group Plc (LON: CCR): Shares of the beverage maker were down by over 4%, with a day’s low of GBX 222.80 after the company announced its business update for the fourth quarter. The share saw profit booking despite positive operating profit expectations. 

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 07 January 2021)

1 Year FTSE 100 Chart

(Source: EODHD/Others)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD), BP Plc (BP.)

Top 3 Sectors traded in green*: Basic Materials (1.55%), Energy (0.56%), Financials (0.46%)

Top 3 Sectors traded in red*: Consumer Non-Cyclicals (-0.67%), Real Estates (-0.48%), Consumer Cyclicals (-0.43%),

London Stock Exchange: Stocks Performance (at the time of writing)

Stocks Performance on LSE

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price was hovering at $82.50/barrel and $79.85/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,790 per ounce, up by 0.80% against the prior day’s closing.

Currency Rates*: GBP to USD: 1.3536; EUR to USD: 1.1303.

Bond Yields*: US 10-Year Treasury yield: 1.750%; UK 10-Year Government Bond yield: 1.1615%.

*At the time of writing


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next