FTSE-100 Index Traded in Red due to Lockdown Fears

3 min read | September 21, 2020 02:11 PM BST | By Team Kalkine Media

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 64.51 points or 1.94 per cent lower at 3,254.96, Dow Jones Industrial Average Index contracted by 762.09 points or 2.76 per cent lower at 26,895.33, and the technology benchmark index Nasdaq Composite traded lower at 10,666.94, down by 126.34 points or 1.17 per cent against the previous day close (at the time of writing, before the US market close at 12:30 PM ET).

US Market News: The key indices of the US market opened in the red as the negotiations for the second stimulus bill continues to be in the dark. As per the industry expert’s data, the US homeowner equity with a mortgage increased by 6.6 percent year on year in Q2 2020. Among the gaining stocks, Roku gained by around 13.9 percent after it entered a deal with Comcast related to streaming service. Oracle moved up by around 2.3 percent, as it will acquire a 12.5 percent stake in TikTok Global. Shares of Walmart were up by close to 0.6 percent as the company is reported to take 7.5 percent stake in TikTok Global. Among the decliners, Nikola plunged by around 17.6 percent after its founder Trevor Milton would step down from his position of executive chairman. Royal Caribbean Cruises was down by close to 6.6 percent after the cruise industry panel submitted a proposal for increased health protocol. Illumina was down by nearly 5.6 percent after the company is reported to buy Grail.

US Stocks Performance*

European News: The UK and European markets trended downward on Monday amid the fears of second covid-19 lockdown. The IHS Markit Household Finance index was at 40.8 in September 2020, which was unchanged from that reported in August 2020. The banking stocks traded lower after reports of leaked files from the US treasury related to the monitoring of payments through the systems. Among the gaining stocks, Gunsynd was up by around 16.0 percent after the company reported additional investment in Eagle Mountain Mining. Tesco and Morrison gained close to 2.5 percent and 1.7 percent on the FTSE-100 index. Among the decliners, shares of FirstGroup and Go-Ahead plunged by close to 12.9 percent and 6.5 percent after both companies reported extension of contracts for running rails services. Rolls-Royce was down by around 10.5 percent after the company stated that it is considering an equity issue of £2.5 billion as one of the funding options. Informa was down by close to 3.3 percent after it reported non-cash impairment of £592.9 million in H1 FY20.

European Index Performance*:

FTSE 100 Index One Year Performance (as on 21 September 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); Barclays Plc (BARC).

Top 3 Sectors traded in red*: Industrials (-4.82%), Consumer Cyclicals (-4.25%) and Basic Materials (-4.21%).

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 $41.41/barrel and $39.48/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,912.10 per ounce, down by -2.55% against the prior day closing.

Currency Rates*: GBP to USD: 1.2792; EUR to GBP: 0.9189.

Bond Yields*: US 10-Year Treasury yield: 0.666%; UK 10-Year Government Bond yield: 0.163%.

*At the time of writing


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