FTSE 100 remains rangebound; US markets likely to extend weakness with a soft start

3 min read | January 11, 2022 02:12 AM AEDT | By Sreenivas D Ajankar

US Markets: The US markets are likely to extend their weakness and open in red, as indicated by the future index’s movement. S&P 500 future was down by 28 points or 0.60% at 4,640, while the Dow Jones 30 futures was down by 0.24% or 88 points at 36,019. The technology-heavy index Nasdaq Composite future was also down by 1.15% at 15,402 (At the time of writing – 8:55 AM ET).

US Market News: Shares of the online game maker Zynga (ZYNG) rose by over 48% in premarket trading after the company agreed to an acquisition deal by rival video game maker, Take-Two Interactive.

Shares of the health care service provider, Apria (APR) rose by nearly 24% in premarket after the company agreed to USD 1.45 billion acquisition by Owens & Minor.

Shares of the sports apparel maker, Lululemon (LULU) declined by nearly 6.5% following the company’s announcement of lower fourth-quarter revenue and earnings amid the spread of the Covid-19 variant.

UK Market News: The UK stock market despite a good recovery from its early morning fall traded cautiously in the negative territory, losing about a quarter per cent. House building stocks like Persimmon Plc (-4.44%) and Barrett Development Plc (-3.75%) are witnessing selling pressure from investors that is dragging the blue-chip index downward. The mid-cap focused FTSE250 index is also down by 0.87%.

Tintra Plc (LON:TNT): Shares of the lotteries and payment processing service provider were up by over 215%, with a day’s high of GBX 180 after the company announced that it raised USD 3 million at a premium to its share price from two subscriptions. The company raised USD 1 million and USD 2 million, priced at 504p per ordinary share. The subscriptions are part of the company’s plan to raise a total of USD 10 million.

Coca-Cola HBC AG (LON: CCH): Shares of the FTSE100 listed non-alcoholic beverage maker were trading in green for the second consecutive day, up by 2.18%, with a day’s high of GBX 2,685. The company’s shares have started trading on Athens Exchange at par value of CHF 6.70 per share on Friday.

Avacta Group Plc (LON:AVCT): Shares of the therapeutics and diagnostics company were down by near 27%, with a day low of GBX 80.50 after the company announced that its SARS-CoV-2 antigen lateral flow test (LFT) showed reduced sensitivity to Omicron variant after further clinical trials.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 10 January 2022)

 1 Year FTSE 100 Chart

(Source: EODHD/Others)

Image Description-

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

Top 3 Sectors traded in green*: Energy (1.02%), Consumer Non-Cyclicals (0.62%), Financials (0.58%)

Top 3 Sectors traded in red*: Industrials (-2.21%), Real Estate (-1.33%), Consumer Cyclicals (-0.73%),

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 $81.64/barrel and $78.74/barrel, respectively.

Gold Price*: Gold price quoting at US$ 1,792 per ounce, down by 0.28% against the prior day closing.

Currency Rates*: GBP to USD: 1.3554; EUR to USD: 1.1298.

Bond Yields*: US 10-Year Treasury yield: 1.785%; UK 10-Year Government Bond yield: 1.1865%.

*At the time of writing


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