US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 18.70 points or 0.64 per cent lower at 2,911.49, Dow Jones Industrial Average Index contracted by 139.01 points or 0.57 per cent lower at 24,082.98, and the technology benchmark index Nasdaq Composite traded lower at 9,170.12, down by 22.23 points or 0.24 per cent against its previous day close (at the time of writing, before the U.S market close at 1:30 PM ET).
US News: Wall Street opened modestly higher but tumbled in the second half, amid the apprehensions for rising COVID-19 infection rate. Meanwhile, the US core consumer price index (excluding volatile food and fuel costs) plunged 0.4 per cent in April (compared to March), according to the Bureau of Labor Statistics. Adjacently, the oil prices soared as Saudi Arabia plans to cut further 1 million barrels per day from its June output. Among the gaining stocks, Novavax surged over 66 per cent after getting USD 388 million in funding for potential COVID-19 vaccine. Meanwhile, Peloton Interactive jumped over 10 per cent post reporting 1 million subscriber mark. Among the laggards, Hertz Global fell over 4.2 per cent after being sceptical over its ability to continue business as a going concern. Lyft dipped over 2.1 per cent, as it intends to offer USD 650 million in convertible debt. Likewise, Zillow Group fell around 4.6 per cent, as it plans to raise USD 1 billion in stock and convertible debt.
S&P 500 (SPX)
Top Performers*: Amcor Plc, International Flavors & Fragrances Inc, and Simon Property Group Inc shares increased by 6.23 per cent, 5.78 per cent and 3.78 per cent, respectively.
Non Performers*: BlackRock Inc, UDR Inc and Equity Residential shares decreased by 5.37 per cent, 3.84 per cent and 3.75 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Cymabay Therapeutics Inc, Helius Medical Technologies Inc and Novavax Inc shares expanded by 128.26 per cent, 62.35 per cent and 56.33 per cent, respectively.
Worst Performers*: Genfit SA, Advanced Emissions Solutions Inc and Marchex Inc shares plunged by 64.61 per cent, 27.68 per cent and 18.23 per cent, respectively.
Top Performing Sectors*: Consumer Non-Cyclicals (+0.54 per cent), Telecommunications Services (+0.30 per cent) and Basic Materials (+0.32 per cent).
Top Worst Sectors*: Financials (-1.03 per cent), Industrials (-0.49 per cent), and Healthcare (-0.33 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Dow Inc, Cisco Systems Inc and Walmart Inc are the top gainers and increased by 2.80 per cent, 1.29 per cent and 1.29 per cent, respectively.
Non Performers*: JPMorgan Chase & Co, Goldman Sachs Group Inc and Visa Inc shares decreased by 1.07 per cent, 1.04 per cent and 0.99 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 55.04 points or 0.93 per cent higher at 5,994.77, the FTSE 250 index snapped at 98.45 points or 0.60 per cent lower at 16,173.04, and the FTSE All-Share Index ended 21.37 points or 0.65 per cent higher at 3,294.63, respectively. Another European index STOXX 600 ended up by 0.87 points or 0.26 per cent, at 340.57. Among other major European indices, DAX index closed the session at 10,819.50, down by 5.49 points or 0.05 per cent; CAC 40 index decreased by 17.72 points or 0.40 per cent and ended the trading session at 4,472.50.
European News: London and European markets surged with positive sentiments brought by upbeat quarterly earnings, albeit investors remained cautious regarding a likelihood of the second wave of the Coronavirus cases. Total death toll in the United Kingdom now exceeds 40,000 mark. Germany and South Korea reported an acceleration in new COVID-19 cases after lockdown easing. Meanwhile, Britain has extended its job retention scheme for four more months. Among the gaining stocks, Vodafone surged over 8 per cent after posting growth in full-year earnings, while maintaining dividend disbursement in challenging conditions. Similarly, Wey Education rose around 6 per cent with decent half-yearly results. Meanwhile, the lockdown easing has revived the business of Kingfisher and extended gains of around 6 per cent in its stock price today. ProSiebenSat.1 Media soared over 14 per cent as KKR acquired about 5 per cent stake in the Company. On the flip side, AIB Group dropped over 2 per cent after reporting a weak first-quarter performance. Likewise, Bang & Olufsen plunged around 10 per cent post proposing a right issue of USD 57.99 million.
London Stock Exchange
Top Performers*: SUPERDRY PLC (SDRY), ELECTRA PRIVATE EQUITY PLC (ELTA) and AO WORLD PLC (AO) accelerated significantly by 16.23 per cent, 13.12 per cent and 10.98 per cent, respectively.
Worst Performers*: HYVE GROUP PLC (HYVE), BAKKAVOR GROUP PLC (BAKK) and LAND SECURITIES GROUP PLC (LAND) plunged by 17.56 per cent, 12.50 per cent and 10.60 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (May-12-2020), before the market closed (Source: Refinitiv, Thomson Reuters)
Best Gainers*: VODAFONE GROUP PLC (VOD), ASSOCIATED BRITISH FOODS PLC (ABF) and STANDARD LIFE ABERDEEN PLC (SLA) expanded by 6.28 per cent, 4.64 per cent and 4.57 per cent, respectively.
Non Performers*: LAND SECURITIES GROUP PLC (LAND), BRITISH LAND CO PLC (BLND) and CENTRICA PLC (CNA) traded in red zone and were down by 10.44 per cent, 8.68 per cent and 4.40 per cent, respectively.
Top Shares traded with high-level volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (BARC) BARCLAYS PLC.
Top Sectors traded in the positive zone*: Telecommunications Services (+5.30 per cent), Consumer Non-Cyclicals (+2.14 per cent) and Utilities (+1.95 per cent).
Top Sectors traded in the negative zone*: Technology (-0.34 per cent), Consumer Cyclicals (-0.11 per cent), and Energy (-0.02 per cent).
Oil Prices*: WTI crude oil future price was nudging at $25.94 per barrel, and Brent crude oil future price was trading at $30.15 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2275 and 0.8844, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was tilting at 0.676 per cent, and the UK 10-Year Government Bond yield was hovering at 0.246 per cent, respectively.
*At the time of writing.
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