AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
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SWE
GRC
IND
POL
BRA
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RUS
CHN
UAE
UK Market: The UK stock market was trading in the negative territory on Wednesday, with the blue-chip FTSE100 index losing over 1.3 per cent. This happened despite traders feeling some sense of relief after the Office for National Statistics released the inflation figures for August, which dipped unexpectedly. Consumer price inflation fell from 10.1% in July to 9.9% in August. However, after last night’s big Wall Street sell-off, markets being shaken by the US rates outlook, and economists predicting UK inflation to peak at around 11% by the year end, the market sentiment remained low.
Abrdn plc (LON: ABDN): The shares of the British investment firm, abrdn plc, tumbled by 4.32%, with a day’s low of GBX 142.75. The company is selling its stake in India's HDFC Life for at least $305m through a block trade.
Ocado Group Plc (LON: OCDO): The shares of the grocery technology licenser, Ocado Group plc, plunged by 4.24%, with a day’s low of GBX 650.40. The company is expecting to see a fall in its annual sales amid the rising inflation.
Melrose Industries plc (LON: MRO): The shares of the British manufacturing company, Melrose Industries plc, plummeted by 3.41%, with a day’s low of GBX 117.45. The company is planning new acquisitions after breaking up UK engineering firm GKN.
US Markets: The US market is likely to get a sluggish start, as indicated by the futures indices. S&P 500 future was down by 4.25points or 0.11% at 3,946.75, while the Dow Jones 30 future was down by 0.11% or 35 points at 31,181.00. Meanwhile, the technology-heavy index Nasdaq Composite future was also down by 0.06% or 7 points, at 12,107.50. (At the time of writing – 8:30 AM ET).
The shares of the coffeehouses and roastery reserves chain, Starbucks, were up by around 1% in the premarket trading session. This happened after the company enhanced its long-term projections for revenue and earnings per share over the coming years.
The shares of the Cybersecurity company, Palo Alto Networks, went up marginally. This happened after the company’s three-for-one stock split, which happened yesterday.
European Indices Performance (at the time of writing):
_09_14_2022_13_22_11_695666.PNG)
FTSE 100 Index One Year Performance (as on 14 September)
_09_14_2022_13_22_30_258370.PNG)
(Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group plc (VOD), Glencore plc (GLEN)
Top 3 sectors traded in red*: Utilities (-2.45%), Technologies (-2.04%), Industrials (-1.88%).
London Stock Exchange: Stocks Performance (at the time of writing):
_09_14_2022_13_22_51_230486.PNG)
Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $93.16/barrel and $87.31/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,714.55 per ounce, down by 0.19% against the prior day closing.
Currency Rates*: GBP to USD: 1.1560; EUR to USD: 1.0000.
Bond Yields*: US 10-Year Treasury yield: 3.462%; UK 10-Year Government Bond yield: 3.2080%
*At the time of writing
