FTSE 100 rebounds to trade in green

3 min read | January 13, 2022 06:52 AM PST | By Sreenivas D Ajankar

US Markets: The US stock markets are expected to have a positive start as investors focus shifts on earnings season. S&P 500 future was up by 7 points or 0.16% at 4,724, while the Dow Jones 30 future was up by 0.29% or 107 points at 36,266. The technology-heavy index Nasdaq Composite future was up by 0.23% at 15,922 (At the time of writing – 8:50 AM ET).

US Market News:

Shares of Delta Air Lines (DAL) rose nearly 2% in premarket trading after the company announced better business performance in the fourth quarter.

Shares of the semiconductor chip maker Taiwan Semiconductor (TSM) rose nearly 4% in premarket trading after the company reported growth in quarterly profits, which were above the market expectation.

Shares of the home builder company Lennar (LEN) rose by 2.4% after the company declared an annual dividend pay-out of USD 1.5 per share, a rise of 50% compared to last year’s dividend. The next quarterly dividend will be paid on 10 February 2022.

UK Market News: The UK’s benchmark index, FTSE 100 bounced back into positive territory, in the second half of trade after briefly trading in the red zone in the morning trading session. The mid-cap focused FTSE250 index was modestly in the green, up by 0.02%.

Countryside Properties Plc (LON: CSP): Shares of the housebuilding company were down by nearly 26%, with a day’s low of GBX 294 following the announcement of board change. The company’s CEO Iain McPherson will step down with immediate effect. While the company is undertaking a search for new CEO during this period, the company Chair, John Martin, will remain as interim CEO.

Card Factory Plc (LON: CARD): Shares of the greeting card and gift item retailer were down by over 16%, with a day’s low of GBX 52.50 following the announcement of its business update. The total sales were at £337.3 million for the eleven months to 31 December 2021. The total sales were below the £424.5m sales reported in 2019.

IP Group Plc (LON: IPO): Shares of the private equity firm were up by over 6%, with a day’s high of GBX 117 after the announcement of its trading update for 12 months to 31 December 2021. The company expects its profits for the full year to be above £425 million.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 13 January 2022)

1 Year FTSE 100 Chart

(Source: EODHD/Others)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD), BP Plc (BP.)

Top 3 Sectors traded in green*: Financials (1.03%), Healthcare (0.19%), Real Estates (0.15%)

Top 3 Sectors traded in red*: Industrials (-0.61%), Consumer Cyclicals (-0.45%), Utilities (-0.27%)

London Stock Exchange: Stocks Performance (at the time of writing)

Stock Performance On LSE

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $84.52/barrel and $82.25/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,822 per ounce, down by 0.25% against the prior day closing.

Currency Rates*: GBP to USD: 1.3736; EUR to USD: 1.1470.

Bond Yields*: US 10-Year Treasury yield: 1.734%; UK 10-Year Government Bond yield: 1.1315%.

*At the time of writing


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