FTSE 100 trade in negative zone despite strong GDP update

4 min read | January 15, 2022 02:19 AM AEDT | By Priya Bhandari

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FTSE 100 trade in negative zone despite strong GDP update — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

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US Markets: The early morning trends in the futures indices signal a negative opening for the US stock market. The S&P 500 future was down by 36.1 points, or 0.78%, at 4,622.8, while the Dow Jones 30 futures was down by 0.68%, or 264.1 points, at 35,848.5. The technology-heavy index Nasdaq Composite future was up by 0.84% at 15,347.75 (At the time of writing – 8:46 AM ET).

US Market News:

Shares of investment management company BlackRock (BLK) were up by 0.28% in premarket trading after the company earned an adjusted US$10.42 per share for the fourth quarter, higher than the estimated level of US$10.16. The asset under management rose above the US$10-trillion mark, which was slightly below the forecasts.

Shares of JP Morgan Chase (NYSE:JPM) fell by 2.7% in premarket trading after it beat estimates by 32 cents with quarterly earnings of US$3.33 per share.

Shares of financial services company Wells Fargo were up by 2.3% in the premarket trading after the company earned an adjusted US $1.25 per share, 12 cents above the estimates in Q4. Also, the overall profit was boosted by the release of loan loss provisions and improving loan demand.

UK Market News: The UK stock market traded in the red despite the fact that the monthly GDP grew by 0.9% as the benchmark index FTSE100 was down by 0.51% and FTSE 250 was down by 0.70%.

Countryside Properties Plc (LON: CSP): The shares of the housebuilding company was up by nearly 7.10%, with a day high of GBX 351.60, following the announcement of board change. The company’s CEO Iain McPherson will step down with immediate effect. While the company is still looking for a new CEO, company Chair John Martin will join as the interim CEO.

Sensyne Health Plc (LON: SENS): The shares of the health technology company was down by 69.54%, with a day low of GBX 22.50, following the announcement of updates regarding the company’s trading, ongoing formal sale process (FSP), financial position, and commercial progress including a proposed financing.

Royal Mail Plc (LON: RMG): The shares of the postal services company was down by 5.93%, with a day low of GBX 493.90, following the announcement that the company has purchased a total 216,632 of its ordinary shares at £0.01 each on the London Stock Exchange, Cboe BXE and Cboe CXE, through the company's broker, Merrill Lynch International.

European Indices Performance (at the time of writing):

Index Name	Index Value	Points change from last day closing	Change from last day closing (%)
FTSE 100	7,528.53	35.32	-0.47
FTSE 250	22,804.61	153.87	-0.67
FTSE All-Share	4,252.06	21.30	-0.50
FTSE AIM All-Share	1,163.40	8.34	-0.71
DAX	15,852.45	179.24	-1.09
CAC 40	7,131.79	68.59	-0.95
Euro Stoxx 50	4,263.85	52.05	1.21

FTSE 100 Index One Year Performance (as on 14 January 2022)

1 Year FTSE 100 Chart (Source: EODHD/Others)

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

Top 3 Sector traded in green*: Utilities (1.06%), Energy (0.22%) and Healthcare (0.13%)

Top 3 Sectors traded in red*: Basic Material (-1.00%), Consumer Cyclicals (-0.82%) and Industrials (-0.82%)

London Stock Exchange: Stocks Performance (at the time of writing)

UK Markets	Performers			Non-Performers
UK Markets	Company Name	Ticker	Change from last day closing (%)	Company Name	Ticker	Change from last day closing (%)
FTSE All-Share	Countryside Properties Plc	CSP	7.10	Trustpilot Group Plc	TRST	-7.48
	NCC Group Plc	NCC	3.70	Ferrexpo Plc	FXPO	-7.47
	Newriver REIT Plc	NRR	2.99	Superdry Plc	SDRY	-6.57
FTSE 100	Standard Chartered Plc	STAN	1.92	Royal Mail Plc	RMG	-5.93
	3I Group Plc	III	1.42	B&M European Value Retail S.A.	BME	-4.39
	BP Plc	BP.	1.16	Ocado Group Plc	OCDO	-3.59
FTSE AIM All-Share	Falcon Oil & Gas Ltd.	FOG	18.85	Sensyne Health Plc	SENS	-69.54
	Location Sciences Group Plc	LSAI	17.65	James Halstead Plc	JHD	-46.54
	Minds + Machines Group Limited	MMX	15.15	Tower Resources Plc	TRP	-21.92

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at US $85.09/barrel and US $82.52/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,821.45 per ounce, down by 0.05% against the prior day closing.

Currency Rates*: GBP to USD: 1.3706; EUR to USD: 1.1449.

Bond Yields*: US 10-Year Treasury yield: 1.743%; UK 10-Year Government Bond yield: 1.1375%.

*At the time of writing

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