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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 28.84 points or 0.92 per cent higher at 3,146.70, Dow Jones Industrial Average Index accelerated by 219.90 points or 0.84 per cent higher at 26,244.86, and the technology benchmark index Nasdaq Composite traded higher at 10,187.37, up by 130.90 points or 1.30 per cent against its previous day close (at the time of writing, before the U.S market close at 11:45 AM ET).
US Market News – The Wall Street opened in the green, and all the leading market indices moved upward. In the latest tweet by the US President, he eliminated the concerns over a new trade war between the US and China, which was a positive cue for the investors. Among the gaining stocks - Apple, whose shares touched its 52-week high and were up by about 1.55 per cent, the Company confirmed that it would use its processor to make laptops. Likewise, ViacomCBS shares were up by about 0.94 per cent after it announced the release of the animated movie “SpongeBob” on its digital platform. Sysco stock was up by close to 7.69 per cent over the expectation of a rebound in sales as the restaurants reopen. The few stocks which trended downwards were, Beyond Meat whose shares fell by close to 1.81 per cent after Starbuck announced it would partner with Impossible Food, Beyond Meat’s competitor. T-Mobile stock fell by about 1.77 per cent after Softbank announced the sale of shares worth around USD 21 billion in the Company. The American Airlines shares plummeted by close to 7.51 per cent as it plans to raise USD 2 billion through the issue of stocks and notes, the previous deal size was expected to be approximately USD 1.5 billion.
S&P 500 (SPX)
Top Performers*: MOHAWK INDUSTRIES (MHK), SYSCO (SYY), and SIMON PROPERTY GROUP (SPG) stocks jumped by 9.44 per cent, 7.69 per cent and 4.65 per cent, respectively.
Non Performers*: AMERICAN AIRLINES (AAL), CBOE (CBOE) and T-Mobile Us Inc (TMUS) shares decreased by 6.17 per cent, 3.02 per cent and 2.77 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: Fuwei Films (Holdings) Co. Ltd (FFHL), Translate Bio Inc (TBIO) and Kitov Pharma Ltd (KTOV) shares expanded by 74.84 per cent, 65.46 per cent and 38.19 per cent, respectively.
Worst Performers*: Sunesis Pharmaceuticals Inc (SNSS), SiNtx Technologies Inc (SINT) and Kirkland's Inc (KIRK) shares plunged by 39.57 per cent, 32.84 per cent and 18.29 per cent, respectively.
Dow Jones Industrial Average (DJI)
Top Performers*: Merck & Co Inc (MRK), JP Morgan Chase & Co (JPM) and Apple Inc. (AAPL) shares zoomed up by around 2.36 per cent, 2.02 per cent and 1.78 per cent, respectively.
Worst Performers*: Boeing Co (BA), Raytheon Technologies Corp (RTX) and Pfizer Inc (PFE) shares plunged by 1.42 per cent, 0.49 per cent and 0.12 per cent, respectively
European Markets: FTSE 100 index (London’s broader equity benchmark index) traded at 75.50 points or 1.21 per cent higher at 6,320.12, the FTSE 250 index snapped at 79.36 points or 0.45 per cent higher at 17,652.80, and the FTSE All-Share Index ended 36.76 points or 1.06 per cent higher at 3,498.11, respectively. Another European index STOXX 600 ended up by 4.70 points or 1.30 per cent, at 367.40. Among additional major European indices, DAX index closed the session at 12,523.76, up by 260.79 points or 2.13 per cent; CAC 40 index increased by 68.98 points or 1.39 per cent and ended the trading session at 5,017.68.
European News: London and European markets jumped as Prime Minister Boris Johnson is set to relax a coronavirus induced lockdown. Meanwhile, the Purchasing Managers' Index surged to 47.6 in June from 30.0 in May, according to the IHS Markit. Also, the British finance ministry stated of incurring around GBP 23 billion in furlough scheme to aid 9.2 million jobs. Among the gaining stocks, Johnson Matthey PLC surged over 2.4 per cent after releasing its annual report for FY20 and reported decent revenue growth. Similarly, St. James’s Place PLC gained over 1.5 per cent post releasing its annual report for FY20. Meanwhile, the energy stocks – Premier Oil PLC and BP PLC surged over 2.1 per cent and 1.2 per cent since crude oil prices hit highest since March. Among the decliners, Hikma Pharmaceuticals PLC tumbled around 7.5 per cent after unveiling that its major shareholder, Boehringer Ingelheim, selling most of its stake to institutional investors. Also, the Rightmove PLC shed over 2.7 per cent after releasing its COVID-19 update.
London Stock Exchange
Top Three Performers*: AMIGO HOLDINGS PLC (AMGO), NCC GROUP PLC (NCC) and PHAROS ENERGY PLC (PHAR) accelerated significantly by 16.29 per cent, 10.98 per cent and 9.63 per cent, respectively.
Worst Performers*: SQN ASSET FINANCE INCOME (SQN), HIKMA PHARMACEUTICALS PLC (HIK) and MERIAN CHRYSALIS INVESTMENT (MERI) plunged by 5.39 per cent, 5.28 per cent and 5.22 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (June-23-2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Best Gainers*: EVRAZ PLC (LON:EVR), STANDARD LIFE ABERDEEN PLC (LON:SLA) & KINGFISHER PLC (LON:KGF) leapt up by 9.17 per cent, 5.76 per cent and 4.59 per cent, respectively.
Non Performers*: HIKMA PHARMACEUTICALS PLC (LON:HIK), RIGHTMOVE PLC (LON:RMV) and AUTO TRADER GROUP PLC (LON:AUTO) traded in the red zone and decreased by 5.28 per cent, 3.97 per cent and 2.37 per cent, respectively.
Shares traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (HIK) HIKMA PHARMACEUTICALS PLC; (BARC) BARCLAYS PLC.
Crude Oil Future Prices*: WTI crude oil (future) price was hovering at $40.55 per barrel & Brent future crude oil (future) price was trading at $42.81 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2531 and 0.9033, respectively.
Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.714 per cent, and the UK 10-Year Government Bond yield was hovering at 0.205 per cent, respectively.
*At the time of writing
