Global Markets: On 18th November, stocks at Wall Street traded on a mixed note, with the Dow Jones Industrial Average Index traded 13.87 points or 0.05% higher at 28,018.76, the broader S&P 500 index traded 0.18 points or 0.01% higher at 3,120.64, and the technology benchmark index Nasdaq Composite dipped by 1.73 points or 0.02% at 8,539.10 (at the time of writing, before the U.S market close at 1:20 PM ET).
Global News: On 18th November 2019, trading at the Wall Street started on a negative tone after the reports flashed regarding uncertainty about the trade deal happening between the two big giants (US and China). Possibility of clinching a trade deal seems bleak due to the adamant move of not rolling back the trade tariffs by the US President Donald Trump. Trade sensitive stocks got hammered due to the pessimistic news about the trade deal with Tesla stock dipped by 0.8 per cent, Apple shares contracted by 0.5 per cent. IBM and Caterpillar shares were also beaten down by 0.6 per cent and 1.1 per cent respectively. After the paper stated that the delivery group (FedEx) pays no taxes, shares of FedEx declined significantly by 1.8 per cent during the Monday’s trading session. Chinese lender cuts Qudian full year outlook and the earnings for the last quarter reported were below estimates. As a result, Qudian shares plummeted significantly by 11.2 per cent during the day. Barrick Gold shares edged up by 1.9 per cent after the group agreed to sell 50 per cent stake in Kalgoorlie Consolidated Gold Mines to Saracen Mineral Holdings for $750 million. Cosmetic company, Coty showed interest and stated to buy a 51% stake in Kylie Jenner's cosmetics and skincare businesses for $600 million. After the news released, Coty shares jumped drastically by 4.1 per cent, at the time of writing.
S&P 500 (SPX)*
Top Performers: Coty Inc, Centene Corp and UnitedHealth Group Inc are top gainers and increased by 4.20%, 4.00% and 2.49% respectively.
Worst Performers: Abiomed Inc, Halliburton Co, and Baker Hughes Co are the top three laggards and decreased by 9.50%, 3.22% and 3.00% respectively.
NASDAQ Composite (IXIC)*
Top Performers: Karuna Therapeutics Inc, Dragon Victory International Ltd, and Rave Restaurant Group Inc were on the spotlight and increased by 159.50%, 39.20% and 25.69% respectively.
Worst Performers: Anchiano Therapeutics Ltd, Phio Pharmaceuticals Corp and My Size Inc are the top three laggards and decreased by 30.21%, 28.95% and 17.58% respectively.
Top Performing Sectors*: Utilities (up 0.51%), Consumer Non-Cyclicals (up 0.18%) and Healthcare (up 0.05%).
Worst Performing Sectors*: Financials (down 0.18%), Basic Materials (down 0.33%) and Industrials (down 0.35%).
Dow Jones Industrial Average (DJI)*
Top Performers: UnitedHealth Group Inc, Boeing Co and Walmart Inc were on the spotlight and increased by 2.65%, 0.90% and 0.62% respectively.
Worst Performers: Johnson & Johnson, Chevron Corp and Exxon Mobil Corp were the beaten down stocks and decreased by 1.59%, 0.95%, and 0.91% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 4.76 points or 0.07% higher at 7,307.70, the FTSE 250 index snapped 36.10 points or 0.18% higher at 20,440.50, and the FTSE All-Share Index ended 3.48 points or 0.09% higher at 4,035.47 respectively. Another European equity benchmark index STOXX 600 ended at 405.99, down by 0.05 points or 0.01 per cent.
European News: After coming under attack by political opponents and the Labour party, which wants to raise the corporation tax rate and income taxes for top earners, British Prime Minister Boris Johnson said on Monday that he would defer making further cuts in corporation tax to pay for public services. Amid heightened uncertainties in the country due to the election and Brexit process, a survey by Rightmove revealed that in the four weeks to 9 November over the last year ,there were 14.9% fewer properties put on sale, declining by the most in any month in more than ten years. Amid expectations that parliament would finally push through the Brexit deal if the Conservative Party wins a majority in the upcoming election, as Conservatives lead the opposition Labour Party by 10 to 17 percentage points, Sterling inched higher towards $1.30 on Monday.
London Stock Exchange (LSE)
Top Performers*: CONSORT MEDICAL PLC (CSRT), DIPLOMA PLC (DPLM) and KIER GROUP PLC (KIE) are top performers of the day and up by 43.25%, 5.23% and 5.16% respectively.
Worst Performers*: TED BAKER PLC (TED), INDIVIOR PLC (INDV) and AVIVA PLC (AV.) are the top three laggards of the day and down by 6.16%, 5.59% and 4.58% respectively.
FTSE 100 Index
FTSE 100 Index Chart: 5-days Price Performance (as on November-18-2019), before the market closed. (Source: Thomson Reuters)
Performers*: NMC HEALTH PLC (NMC), M&G PLC (MNG) and SSE PLC (SSE) are the top three gainers in today’s session and up by 5.07%, 4.07% and 2.83% respectively.
Laggards*: AVIVA PLC (AV.), BURBERRY GROUP PLC (BRBY), and GLENCORE PLC (GLEN) are top laggards at the FTSE 100 index and down by 4.74%, 3.58% and 1.79% respectively.
Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BARCLAYS PLC (BARC).
Top Performing Sectors*: Utilities (+1.90), Healthcare (+1.10%) and Technology (+0.62%).
Worst Performing Sectors*: Energy (-0.70%), Telecommunications Services (-0.68%) and Basic Materials (-0.26%).
Forex Rates (FX)*: GBP/USD and EUR/GBP were quoting at 1.2963 and 0.8547, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.808%, and the UK 10-Year Government Bond yield was trading at 0.745%, respectively.
*At the time of writing
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