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UK Market: The UK stock market is witnessing some profit-taking on Thursday after hitting a two-year high in the last session. The blue-chip FTSE100 index was down by 0.26%, while the mid-cap focused FTSE250 index has also lost 0.30%. Most travel and leisure stocks like Wizz Air Holdings Plc (3.55%) and Cineworld Group Plc (3.26%) were in green following prime minister Boris Johnson’s hint of removing complete Covid-19 related restrictions in the UK.
Informa Plc (LON: INF): FTSE100 listed event and exhibition company was up by over 6%, with a day’s high of GBX 615 after the company announced that it has agreed to sell its Pharma Intelligence business to Warburg Pincus for £1.9 billion. Also, the company intends to commence a share buyback programme.
Kin and Carta Plc (LON: KCT): The technology company was up by over 11%, with a day’s high of GBX 243 following the announcement of its business update for the six months ended 31 January 2022. The company reported solid business performance and net revenue of £85 million.
88 Energy Ltd (LON: 88E): The oil and gas company’s share was down by over 15%, with a day’s low of GBX 2.28 after the company proposed that it wants to raise £10.5 million through placing at a price of 1.8p per share.
US Markets: The US market is likely to open lower as indicated by the futures indices and impacted by high inflation numbers. The consumer price inflation climbed to 7.5% in January 2022, the biggest increase since June 1982.
S&P 500 future was down by 59 points or 1.29% at 4,518, while the Dow Jones 30 future was down by 0.76% or 270 points at 35,355. The technology-heavy index Nasdaq Composite future was down by 2.08% at 14,737 (At the time of writing – 8:50 AM ET).
US Market News:
The winter wear maker, Canada Goose (GOOS), declined by over 10% in the premarket trading session after the company announced its quarterly business update. The company earnings were below the market estimates.
The cybersecurity firm, Datadog (DDOG), rose by over 14% in premarket trading after the company reported solid business performance in the last quarter. Its revenue and profit were above the market forecast.
European Indices Performance (at the time of writing):
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FTSE 100 Index One Year Performance (as on 10 February 2022)
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(Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD), BT Group Plc (BT. A)
Top 3 Sectors traded in green*: Healthcare (1.43%), Basic Materials (0.75%), Utilities (0.30%)
Top 3 Sectors traded in red*: Energy (-1.13%), Industrials (-1.06%), Financials (-0.36%)
London Stock Exchange: Stocks Performance (at the time of writing)
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Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $91.60/barrel and $89.79/barrel, respectively.
Gold Price*: Gold price quoted at US$ 1,829 per ounce, down by 0.39% against the prior day’s closing.
Currency Rates*: GBP to USD: 1.3532; EUR to USD: 1.1393.
Bond Yields*: US 10-Year Treasury yield: 1.995%; UK 10-Year Government Bond yield: 1.4720%.
*At the time of writing
