US Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 11.96 points or 0.37% higher at 3,217.33, Dow Jones Industrial Average Index expanded by 81.72 points or 0.29% and quoting at 28,458.68 and the technology benchmark index Nasdaq Composite traded higher at 8,907.79 and was up by 20.57 points or 0.23% against its previous day close (at the time of writing, before the U.S market close at ET 10:20 AM).
Global News: Shares on the Wall Street accelerated on account of trade optimism and strength in domestic consumer spending. With improving trade relations between the two big giants - US and China, all three major US indexes were on the verge to end the week at record levels. Carnival Corp. shares expanded by 7.3 per cent, as the group forecast the profit level for the year 2020 to be above the estimates. Post reporting lower than expected revenue from North America region, Nike Inc. shares plunged by around 2 per cent. US Steel corporation shares massively declined by 8.5 per cent after the group forecasted much higher losses in the fourth quarter. Accenture prices on NYSE increased by 2.37 points or 1.14 per cent on account of the earnings of the company surpassing the analysts’ estimates. Other than that, AMAZON prices increased by 2.17 points or 0.11 per cent during the Friday’s trading session.
A significant global economic news, the Australian Treasury has cut down on its forecast for economic growth, a budget surplus and wage increase on account of its slowing down the economy. Saud Arabia, on the other hand, reported a lowering unemployment rate to a three-year low as the exodus of expatriate workers from the country slows down. China, on the other hand, has reiterated that it will be targeting a growth rate of 6 per cent for 2020, the country has been battling slowdown for some years now and has been taking steps to arrest the slowdown.
S&P 500 (SPX)
Top Performers*: Carnival Corp, TransDigm Group Inc and Hess Corp are top gainers and increased by 5.49%, 3.09% and 2.51% respectively.
Worst Performers*: F5 Networks Inc, Carmax Inc, and Abiomed Inc are the top three laggards and decreased by 6.46%, 5.02% and 1.72% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Syros Pharmaceuticals Inc, Hudson Technologies Inc, and TDH Holdings Inc are top gainers and increased by 25.82%, 21.24% and 18.31% respectively.
Worst Performers*: Stealth BioTherapeutics Corp, Valeritas Holdings Inc and Abeona Therapeutics Inc are the top three laggards and decreased by 66.98%, 51.81% and 36.60% respectively.
Top Performing Sectors*: Technology (up 0.50%), Telecommunications Services (up 0.44%) and Utilities (up 0.43%).
Worst Performing Sectors*: Basic Materials (down 0.04%)
Dow Jones Industrial Average (DJI)
Top Performers*: Merck & Co Inc, Verizon Communications Inc, and Pfizer Inc are top gainers and increased by 1.66%, 1.13% and 1.00% respectively.
Worst Performers*: Nike Inc, Boeing Inc, and Goldman Sachs Group Inc are the top three laggards and decreased by 1.47%, 0.61% and 0.24% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 8.66 points or 0.11% higher at 7,582.48, the FTSE 250 index snapped 8.16 points or 0.04% higher at 21,674.30, and the FTSE All-Share Index ended 5.40 points or 0.13% higher at 4,206.27 respectively. Another European equity benchmark index STOXX 600 ended at 418.40, up by 3.33 points or 0.80 per cent. U.K.'s large-cap benchmark index, the FTSE 100 index extended gains for the 8th straight day in a row. Also, the index ended in green throughout the week, and a trend last spotted in the initial weeks of June 2019.
European News: U.K. government-appointed Andrew Bailey, Bailey who had been earlier chaired as Deputy Governor of the Bank of England from April 2013 to July 2016 and at present, tendering his services as the Chief Executive Officer of the Financial Conduct Authority, will succeed Mark Carney as Governor of the Bank of England in March 2020.
London Stock Exchange
Best Performers*: RENEWI PLC (RWI), LAMPRELL PLC (LAM) and TED BAKER PLC (TED) were on the bright spot for the day and up by 23.43%, 15.23% and 8.14% respectively.
Worst Performers*: NMC HEALTH PLC (NMC), LUCECO PLC (LUCE) and MOTORPOINT GROUP PLC (MOTR) are the top three laggards of the day and down by 16.01%, 4.29% and 4% respectively.
FTSE 100 Index
5-days Price Performance Chart of FTSE-100 Index (as on December-20-2019), before the market closed. (Source: Thomson Reuters)
Performers*: CARNIVAL PLC (CCL), SCOTTISH MORTGAGE INV TST PLC (SMT), and BURBERRY GROUP PLC (BRBY) are the top three gainers in today’s session and up by 3.10%, 2.87% and 2.28% respectively.
Laggards*: NMC HEALTH PLC (NMC), PERSIMMON PLC (PSN), and BARCLAYS PLC (BARC) are top laggards at the FTSE 100 index and down by 16.56%, 2.55% and 2.41% respectively.
Volume Gainers*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and HSBC HLDGS PLC (HSBA).
Best Performing Sectors*: Consumer Non-Cyclicals (up 0.73%), Healthcare (up 0.71%) and Industrials (up 0.43%).
Worst Performing Sectors*: Energy (down 0.77%) and Financials (down 0.41%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3015 and 0.8512, respectively.
Bond Yields*: U.S. 10-Year Treasuries yield was quoting at 1.915%, and the U.K. 10-Year Government Bond yield was trading at 0.771%, respectively.
*At the time of writing
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