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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 28.94 points or 0.93 per cent higher at 3,144.80, Dow Jones Industrial Average Index accelerated by 237.77 points or 0.92 per cent higher at 25,972.74, and the technology benchmark index Nasdaq Composite traded higher at 10,263.81, up by 109.18 points or 1.08 per cent against the previous day close (at the time of writing, before the U.S market close at 11:55 AM ET).
US Market News: The US market key indices surged as US jobs data reported better than expected numbers. As per the US labour market reports, the nonfarm payroll jobs increased by 4.8 million in June. Meanwhile, the unemployment rate was down to 11.1 percent in June from 13.3 percent in May. Among the gaining stocks, Tesla stock surged by close to 8.0 percent after the Company reported delivery of 90,650 cars more than the estimate in the second quarter. Boeing shares accelerated by about 1.3 percent after the Federal Aviation Administration and Boeing completes the certification test for 737 Max planes. Similarly, United Airlines was up by about 0.9 percent as it announced to add 25,000 flights in August. Among the decliners, Facebook shares slipped by close to 0.9 percent as the companies pull advertisement from the social media platform. T Mobile was down by close to 0.5 percent as Company announced the divestment of Sprint’s prepaid wireless business to DISH Network. Likewise, McDonald’s was down by 0.4 percent after it halts reopening plans due to surge in the coronavirus cases.
S&P 500 (SPX)
Top Performers*: Akamai Technologies Inc (AKAM), Noble Energy Inc (NBL), and Xerox Corp (XRX) stocks jumped by 6.38 percent, 5.08 percent and 4.69 per cent, respectively.
Non Performers*: Cboe Global Markets Inc (CBOE), Gap Inc (GPS) and Macerich Company (MAC) shares decreased by 9.14 per cent, 2.89 per cent and 2.47 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Francescas Holdings (FRAN), Staffing 360 Solutions Inc (STAF) and Electrameccanica Vehicles Corp (SOLO) shares expanded by 73.20 per cent, 40.48 per cent and 28.76 per cent, respectively.
Worst Performers*: ProMetic Life Sciences Inc. (LMNL), Aeterna Zentaris Inc (AEZS) and Alterity Therapeutics Ltd (ATHE) shares plunged by 31.94 per cent, 29.35 per cent and 24.06 per cent, respectively.
Top Performing Sectors*: Energy (+2.11 per cent), Basic Materials (+1.73 per cent) and Consumer Cyclicals (+1.39 per cent).
Top Worst Sector*: Telecommunications Services (-0.14 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Walgreens Boots Alliance Inc (WBA), Pfizer Inc (PFE) and Procter & Gamble Company (PG) shares zoomed up by around 2.27 per cent, 2.07 per cent and 1.31 per cent, respectively.
Worst Performers*: McDonald’s Corporation (MCD) and Walt Disney Company (DIS) shares plunged by 0.65 per cent and 0.67 per cent and 0.67 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 82.40 points or 1.34 per cent higher at 6,240.36, the FTSE 250 index snapped at 178.43 points or 1.04 per cent higher at 17,367.86, and the FTSE All-Share Index ended 43.67 points or 1.28 per cent higher at 3,451.45, respectively. Another European index STOXX 600 ended up by 7.10 points or 1.97 per cent, at 368.29. Among other major European indices, DAX index closed the session at 12,608.46, up by 347.89 points or 2.84 per cent; CAC 40 index increased by 122.44 points or 2.49 per cent and ended the trading session at 5,049.38.
European News: London and European markets surged with signs of progress in the development of Covid-19 vaccine, which strengthened hopes of economic recovery. Meanwhile, British Prime Minister Boris Johnson stated that job-supporting furlough scheme would not be extended further. Among the gaining stocks, AB Foods jumped over 6.5 percent after witnessing the encouraging trading in the Primark fashion stores. Similarly, Mitchells & Butlers gained over 1.5 percent despite reporting a first-half loss. Among the declining stocks, DS Smiths dipped over 9.2 percent even after reporting a 5 percent rise in annual profits. Premier Oil dropped around 0.3 per cent post cancelling plans to acquire addition 25 percent stake in South Korea's Dana Petroleum. Royal Mail slid about 0.9 percent after labour union agreed to settle the long-running dispute over operational changes.
London Stock Exchange
Top Three Performers*: AMIGO HOLDINGS PLC (AMGO), RESTAURANT GROUP PLC (RTN) and PENDRAGON PLC (PDG) accelerated significantly by 36.82 per cent, 10.59 per cent and 9.79 per cent, respectively.
Worst Performers*: FORTERRA PLC (FORT), STV GROUP PLC (STVG) and NATIONAL GRID PLC (NG.) plunged by 8.28 per cent, 5.53 per cent and 5.17 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (July-02-2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Best Gainers*: INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA (LON:IAG), ROYAL BANK OF SCOTLAND GROUP (LON:RBS) & GVC HOLDINGS PLC (LON:GVC) leapt up by 4.43 per cent, 3.64 per cent and 3.34 per cent, respectively.
Non Performers*: NATIONAL GRID PLC (LON: NG.), SMURFIT KAPPA GROUP PLC (LON:SKG) and COCA-COLAHBC AG (LON:CCH) traded in the red zone and decreased by 5.19 per cent, 3.69 per cent and 2.13 per cent, respectively.
Shares traded with decent volume*: (BT.A) BT GROUP PLC; (VOD) VODAFONE PLC; (BARC) BARCLAYS PLC.
Top Three Sectors traded in the positive zone*: Financials (+2.74 per cent), Basic Materials (+1.72 per cent), and Consumer Cyclicals (+1.65 per cent).
Top Sector traded in the negative zone*: Utilities (-2.75 per cent).
Crude Oil Future Prices*: WTI crude oil (future) price was hovering at $40.46 per barrel & Brent future crude oil (future) price was trading at $42.91 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were quoting at 1.2462 and 0.9012, respectively.
Bond Yields*: U.S 10-Year Treasury yield was hovering at 0.669 per cent, and the UK 10-Year Government Bond yield was trading at 0.188 per cent, respectively.
*At the time of writing
