FTSE 100 rallies, energy stocks surge

DS Smith plc (LON: SMDS): The shares of the UK-based Packaging, Paper, and Recycling firm DS Smith Plc were up by 3.76%, with a day’s high of GBX 292.90. The company has reported an increase of 64% in its pre-tax profits in the financial year that ended 30 April, attributing its revenue growth to high demand.

Harbour Energy plc (LON: HBR): The shares of the independent oil and gas business, Harbour Energy plc, were up by 2.27%, with a day’s high of GBX 364.40. The company has written a letter to the Chancellor of the Exchequer criticizing the £5bn windfall tax recently announced by the UK Government.  

Rio Tinto plc (LON: RIO): The shares of the leading global mining group, Rio Tinto plc, were up by 2.01%, with a day’s high of GBX 5,228.00. For over 10 years, the company has bought online its first greenfield mine, the Gudai-Darri iron ore mine in the Pilbara, which is located in the western region of Australia.

US Markets: The US market is likely to get a decent start, as indicated by the futures indices. S&P 500 future was up by 58.50 points or 1.59% at 3,734.25, while the Dow Jones 30 future was up by 1.43% or 426 points at 30,295.00. The technology-heavy index Nasdaq Composite future was also up by 1.58% or 178.75 points, at 11,475.50. (At the time of writing – 8:45 AM ET).

The shares of the US-based global food manufacturer, Kellogg (K), were up by over 8% in the premarket trading session. This happened after the company announced its plans to split into three distinct public enterprises.

The shares of the US-based ultra-low-cost carrier, Lennar (LEN), were up by over 8% in the premarket trading session. This happened after the takeover offer by JetBlue (JBLU) for Spirit was increased by $2 to $33.50 per share.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 21 June 2022)

(Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Barclays (BARC), BP plc (BP.)

Top 3 Sectors traded in green*:  Basic Materials (1.46%), Energy (1.40%), Financials (0.70%)

Top sector traded in red*: Utilities (-1.00%)

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 $115.63/barrel and $110.44/barrel, respectively.

Gold Price*: Gold price was hovering at around US$ 1,8238.60 per ounce, down by 0.11% against the prior day’s closing.

Currency Rates*: GBP to USD: 1.2285; EUR to USD: 1.0558.

Bond Yields*: US 10-Year Treasury yield: 3.303%; UK 10-Year Government Bond yield: 2.6620%.

*At the time of writing