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UK Market: The UK stock market made a positive start to the new week, with the blue-chip FTSE100 index up by 0.12% on Monday. Most of the housebuilding stocks like Barratt Developments Plc (3.05%), Berkeley Group Holdings (3.09%), Persimmon Plc (2.84%) traded in the positive territory after unconfirmed reports that the UK government might drop its plans to demand £4 billion from the housing companies towards cladding remediation fund.
Endeavour Mining Plc (LON: EDV): The leading gold mining company was up by around 7%, with a day’s high of GBX 2,082, after the company announced that it would soon launch the construction activity for the expansion of the Sabodala-Massawa mine in Senegal.
Ted Baker Plc (LON: TED): The clothing and accessories retailer was up by over 14%, with a day’s high of GBX 147.40. The stock price moved up after the company’s board announced that it would consider takeover bids from prospective bidders, which offers the best value to its shareholder. The company has previously received two takeover bids from Sycamore Partners Management, which the management rejected because of lower valuation.
Altitude Group Plc (LON: ALT): The AIM-listed computer service provider was down by over 15%, with a day’s low of GBX 27. The stock price continued its decline after last Friday’s fall of around 7% following the announcement of its business update.
US Markets: The US market is likely to have a cautious start, as indicated by the futures indices. S&P 500 future was up by 13 points or 0.25% at 4,551, while the Dow Jones 30 future was down by 0.10% or 36 points at 34,679. The technology-heavy index Nasdaq Composite future was up by 1.33% at 15,04 (At the time of writing – 8:50 AM ET).
US Market News:
The shares of the coffee chain operator Starbucks (SBUX) declined by over 2% in premarket trading after the company suspended its share buyback program and revealed its plans to invest its funds in business expansion.
The shares of the electric car maker, Tesla (TSLA), moved higher by over 1% in premarket trading after the company announced that it delivered a record 310,000 cars to its customers in the first quarter of 2022.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 04 April 2022)
(Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Barclays Plc (BARC), Vodafone Group Plc (VOD),
Top 3 Sectors traded in green*: Industrials (1.01%), Consumer Cyclicals (0.99%), Technology (0.62%).
Top 3 Sectors traded in red*: Basic Materials (-0.59%), Financials (-0.17%) Real Estate (0.12%)
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 $108.09/barrel and $103.56/barrel, respectively.
Gold Price*: Gold price was quoted at US$ 1,931 per ounce, up by 0.41% against the prior day’s closing.
Currency Rates*: GBP to USD: 1.3114; EUR to USD: 1.0989.
Bond Yields*: US 10-Year Treasury yield: 2.382%; UK 10-Year Government Bond yield: 1.5355%.
*At the time of writing
