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


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 Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The 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. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated 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 an appropriately authorised and/or qualified 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 displayed/music 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 wherever it was indicated as or found to be necessary.