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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 15.68 points or 0.46 per cent higher at 3,442.60, Dow Jones Industrial Average Index expanded by 130.12 points or 0.46 per cent higher at 28,325.54, and the technology benchmark index Nasdaq Composite traded higher at 11,501.69, up by 22.81 points or 0.20 per cent against the previous day close (at the time of writing, before the US market close at 11:45 AM ET).
US Market News: The stimulus hopes continued supporting Wall Street as the key indices opened in green. The new housing starts in the US increased by 1.9% month on month in September 2020 and were 1.415 million. Among the gaining stocks, shares of UBS increased by close to 6.3% after the bank reported strong revenue from the investment banking division. Albertsons jumped by nearly 5.0% after the company announced quarterly earnings per share of 60 USD cents. Shares of Travelers gained by about 3.2% after it reported a quarterly profit of USD 3.12 per share. Proctor & Gamble was up by around 1.7% after the demand for cleaning products supported the quarterly sales. Among the decliners, Philip Morris fell by around 0.9%, despite the company raising its full-year forecast and reporting quarterly earnings above expectations. Lockheed Martin slipped by close to 0.2%, although it reported improved aeronautics sales.
US Stocks Performance*
European News: The London and European markets traded in the green after the reports of strong quarterly corporate earnings. As per the industry expert’s report, the Bank of England is expected to provide quantitative easing support next month. Among the gaining stocks, shares of Britvic rose by nearly 5.7% after it announced better than expected operating profit. Reckitt Benckiser gained around 1.6% after the company reported strong sales in the third quarter. Hargreaves Lansdown was up by close to 1.0% after it had a deal with Peter Hargreaves, the co-founder of the company. Among the decliners, shares of Trainline plummeted by about 11.1% after it announced its CEO Clare Gilmartin would step down in February 2021. Petra Diamond slipped by around 4.8% after the company had a commercial term agreement with its financial stakeholders. Bellway was down by close to 1.3%, although its order book increased year on year.
European Indices Performance (at the time of writing)
FTSE 100 Index One Year Performance (as on 20 October 2020)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); International Consolidated Airlines Group SA (IAG); Vodafone Group Plc (VOD).
Top 3 Sectors traded in green*: Real Estate (+2.40%), Consumer Non-Cyclicals (+0.93%) and Industrials (+0.77%).
Top Sector traded in red*: Basic Materials (-0.07%).
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 $43.13/barrel and $41.66/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,915.35 per ounce, up by 0.19% against the prior day closing.
Currency Rates*: GBP to USD: 1.2941; EUR to GBP: 0.9141.
Bond Yields*: US 10-Year Treasury yield: 0.792%; UK 10-Year Government Bond yield: 0.188%.
*At the time of writing
