FTSE 100 surpasses 7,550 level for the first time in nearly two years

3 min read | January 12, 2022 08:22 AM PST | By Sreenivas D Ajankar

US Markets: The US markets are likely to make a positive start on Thursday, as indicated by the futures indices. S&P 500 future was up by 21 points or 0.44% at 4,725, while the Dow Jones 30 futures was up by 0.32% or 112 points at 36,244. The technology-heavy index Nasdaq Composite future was up by 0.78% at 15,955 (At the time of writing – 8:50 AM ET).

US Market News:

Shares of the ride aggregator Didi Global (DIDI) were up by nearly 6% in premarket trading following the media reports that the company plans to launch its Hong Kong IPO by the second quarter of this year and is on track to delist its shares from the New York Stock Exchange.

Shares of Ally Financial (ALLY) rose by over 3% in premarket after the company announced a 20% rise in dividend, resulting in a quarterly pay-out of 30c per share.

Shares of the health technology company Philips (PHG) declined by over 15.5% in premarket trading after the company predicted a 40% drop in profits in the fourth quarter, impacted by component shortages and other factors.

UK Market News: The UK stock market extended the gains for the second consecutive trading session, led by the metal and mining stocks, following a rise in industrial base metal prices in the international market. Antofagasta Plc (5.96%), BHP Group Plc (4.60%), Anglo American Plc (4.25%) were the top gainers.

Antofagasta Plc (LON: ANTO): Shares of the copper mining company were up by around 6%, with a day’s high of GBX 1,419.50 following a rise in copper prices in the international market. The copper future contract is up by over 2.7% today.

Trustpilot Group Plc (LON: TRST): Shares of the digital platform review company were up by over 2.5%, with a day’s high of GBX 298 after the announcement of its business update for the financial year ended 31 December 2021. The company’s total revenue rose by 24% on a constant currency basis to USD 131 million.

Frontier Development Plc (LON: FDEV): Shares of the video games developer were down by nearly 26%, resulting in a new 52-week low of GBX 1,286 after the announcement of its interim result for six months to 30 November 2021. The stock price was down following an operating loss of £1.3million on revenue of £49.1 million during the period.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 12 January 2022)

1 Year FTSE 100 Chart

(Source: EODHD/Others)

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

Top 3 Sectors traded in green*: Basic Materials (3.52%), Energy (2.44%), Financials (0.58%)

Top 3 Sectors traded in red*: Utilities (-0.51%), Consumer Non-Cyclicals (-0.39%), Real Estates (-0.04%)

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 $84.16/barrel and $81.96/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,820 per ounce, up by 0.11% against the prior day closing.

Currency Rates*: GBP to USD: 1.3672; EUR to USD: 1.1401.

Bond Yields*: US 10-Year Treasury yield: 1.723%; UK 10-Year Government Bond yield: 1.1285%.

*At the time of writing


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.