FTSE 100 Traded Above 7,100 Level; Bitcoin Price Breached $40,000

3 min read | June 14, 2021 07:35 PM BST | By Team Kalkine Media

US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 10.54 points or 0.25 per cent lower at 4,236.90, Dow Jones Industrial Average Index dipped by 222.60 points or 0.65 per cent lower at 34,257.00, and the technology benchmark index Nasdaq Composite traded higher at 14,126.41, up by 56.99 points or 0.41 per cent against the previous day close (at the time of writing - 12:25 PM ET).

US Market News: The major indices of Wall Street traded on a mixed note after investors waited for the Federal Reserve’s meeting to be held this week. Among the gaining stocks, Novavax (NVAX) shares rose by about 0.11% after the Company said that its Covid-19 vaccine remained 90% effective in a late-stage trial. Among the declining stocks, Lordstown Motors (RIDE) shares plunged by about 20.60% after the resignation of CEO Steve Burns and CFO Julio Rodriguez. Philips (PHG) shares dropped by around 4.16% after the Company stated that it would recall a significant amount of CPAP machines due to potential toxicity risks. Ferrari (RACE) shares went down by about 3.04% after Goldman Sachs had double downgraded the Company from “buy’ to “sell”.

UK Market News: The London markets traded in a green zone despite the media reports of expected delay in the UK reopening plans amid rising coronavirus cases.

Outsourcer Serco Group shares surged by about 5.09% after the Company had lifted the full-year guidance, benefitted by robust demand for test & trace services. Furthermore, the Company has announced 3.4 billion pounds worth of new contract wins.

                       

Global Market Round Up || Why Did US Markets Close Flat, FTSE 100 Traded Above 7,100 Level?

 

Oil giant Royal Dutch Shell had considered the sale of the Texas Shale assets, according to the media reports. Moreover, the shares grew by approximately 3.18% and remained the top performer on the FTSE 100 index.

Saga shares went down by around 1.37% after the Company had announced the new CEO for the insurance division. Moreover, the Company had expected to restart the travel business on 26 June 2021.

Fashion Retailer Ted Baker had witnessed a revenue drop of around 44% and reported a wider net loss for 53 weeks to the end of January 2021. Moreover, the shares plunged by approximately 6.97%.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 14 June 2021)

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

Top 3 Volume Stocks in FTSE 100*: Rolls-Royce Holdings Plc (RR.); Lloyds Banking Group Plc (LLOY); BP Plc (BP.).

Top 3 Sectors traded in green*: Energy (+2.54%), Real Estate (+1.17%) and Utilities (+0.71%).

Top Sector traded in red*: Consumer Cyclicals (-0.10%).

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 $72.77/barrel and $70.78/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,865.20 per ounce, down by 0.77% against the prior day closing.

Currency Rates*: GBP to USD: 1.4108; EUR to GBP: 0.8590.

Bond Yields*: US 10-Year Treasury yield: 1.502%; UK 10-Year Government Bond yield: 0.7450%.

*At the time of writing


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