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UK Market: The UK stock markets went for a rally on Tuesday, reacting to progress in peace talks between Russia and Ukraine. The blue-chip FTSE100 index is up by over 1.2% and at its best levels since mid of February 2022, when the conflict between the two countries started. Stocks like Ferrexpo Plc (24.3%), Coca-Cola HBC AG (7.49%), Amur Minerals (36.73%) were amongst the top gainers as these companies have business exposure in Russia and Ukraine.
Coca-Cola HBC AG (LON: CCH): The soft drinks and beverages maker was up by over 7.5%, with a day’s high of GBX 1,717. The stock price surged following progress in peace talks between Russia and Ukraine. However, the share price is down by over 30% since February 2022 because of the Russia- Ukraine conflict, as the company has business operations in Russia.
Currys Plc (LON:CURY): The technology product retailer was up by over 7.5%, with a day’s high of GBX 104.30. The stock price is up for the second consecutive trading session amid media rumours of a possible takeover of the company. However, the company has not made any official announcement regarding the same.
Wizz Air Holdings Plc (LON: WIZZ): The passenger airlines company were up by over 15%, with a day’s high of GBX 3,071. The stock price is in green along with other airlines stocks like IAG Group (6.09%), following ease in Russia-Ukraine tensions which might lead to the return of airline services in these regions.
US Markets: The US market is likely to start in the green, as indicated by the futures indices. S&P 500 future was up by 17 points or 0.34% at 4,583, while the Dow Jones 30 future was up by 0.51% or 179 points at 35,034. The technology-heavy index Nasdaq Composite future was up by 0.44% at 15,043 (At the time of writing – 8:50 AM ET).
US Market News:
Shares of the TV rating service provider Nielsen Holdings (NLSN) were up by over 20% in the premarket trading after the company agreed to a USD 16 billion takeover deal from a group of private equity firms.
Shares of the asset management company, Jefferies Financial (JEF), were up by over 3.5% in the premarket trading. The stock witnessed buying interest after the company reported higher quarterly revenue and profits.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 29 March 2022)
(Source: Refinitiv)
1 Year FTSE 100 Chart
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Glencore plc (GLEN), Vodafone Group Plc (VOD)
Top 3 Sectors traded in green*: Consumer Cyclicals (2.46%), Real Estate (2.02%), Financials (1.83%).
Top 2 Sectors traded in red*: Energy (-2.09%), Basic Materials (-0.77%)
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $104.50/barrel and $101.08/barrel, respectively.
Gold Price*: Gold price was quoted at US$ 1,910 per ounce, down by 1.52% against the prior day’s closing.
Currency Rates*: GBP to USD: 1.3148; EUR to USD: 1.1128.
Bond Yields*: US 10-Year Treasury yield: 2.402%; UK 10-Year Government Bond yield: 1.6270%.
*At the time of writing
