FTSE 100 Traded Near 7,000 Level, Boosted by Travel & Retail Shares

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 28.49 points or 0.66 per cent higher at 4,351.70, Dow Jones Industrial Average Index surged by 272.50 points or 0.79 per cent higher at 34,784.49, and the technology benchmark index Nasdaq Composite traded higher at 14,571.00, up by 72.10 points or 0.50 per cent against the previous day close (at the time of writing – 11:55 AM ET).

US Market News: The major indices of Wall Street traded in a green zone despite ongoing fears regarding rising Delta variant coronavirus cases worldwide. Among the gaining stocks, United Airlines Holdings (UAL) shares grew by about 2.70% after the Company had expected the current quarter’s top-line business to improve when compared with the third quarter of 2019. Verizon Communications (VZ) shares rose by about 1.19% after the Company’s quarterly earnings remained more than the consensus estimates. Johnson & Johnson (JNJ) shares went up by about 0.24% after the Company had raised the earnings outlook boosted by the strong sale of drugs. Among the declining stocks, Netflix (NFLX) shares dropped by about 3.82% after the Company’s quarterly earnings had missed the consensus estimates.

UK Market News: The London markets traded in a green zone boosted by travel and retail stocks. Moreover, the public sector net borrowings had dropped to £22.8 billion during June 2021.

Fashion Retailer Next shares surged by about 8.39% after the Company had raised full-year guidance boosted by the robust sales during the second quarter. Moreover, the Company expects full-year pre-tax profits of around 750 million pounds.

Computacenter shares climbed by around 5.94% after the Company had anticipated full-year adjusted pre-tax profit for the first half to remain around 50% ahead of an equivalent period of the prior year.

Royal Mail stated that the parcel volumes had started to decline after the relaxation of Covid-19 related restrictions. However, the Company had registered a revenue growth of around 12.5% during the first quarter.  Furthermore, the shares went down by around 3.20%.

Future shares jumped by around 9.16% after the Company had anticipated full-year profitability to remain ahead of the current market expectations.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 21 July 2021)

1 Year FTSE 100 Chart (Source: Refinitiv)

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

Top 3 Sectors traded in green*: Consumer Cyclicals (+3.55%), Energy (+2.69%) and Financials (+2.20%).

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 $72.25/barrel and $70.31/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,803.15 per ounce, down by 0.46% against the prior day closing.

Currency Rates*: GBP to USD: 1.3710; EUR to GBP: 0.8604.

Bond Yields*: US 10-Year Treasury yield: 1.292%; UK 10-Year Government Bond yield: 0.6030%.

*At the time of writing

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