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US Markets: Broder US indices are trading in the green. S&P 500 index traded 58 points or 1.32% higher at 4,422.70, Dow Jones Industrial Average Index is up by 419 points at 34,797, and the technology benchmark index Nasdaq Composite traded higher at 14,990.70, up by 217 points or 1.39% against the previous day close. (At the time of writing – 10:22 AM ET).
US Market News: Major indices on wall street are trading in the green during the morning session on the back of upbeat earnings. The stocks trading in the green were Bank of America (BAC) which was up by over 2% after announcing its third-quarter earnings number, which was above the consensus market estimate. United Health (UNH) share price rose by over 2%. Caterpillar (CAT), the heavy equipment making company, was up by over 1% after a positive outlook following economic recovery and pick-up in the construction activities.
UK Market News: The UK stock markets are trading higher after yesterday’s flat closing tracking, Asian markets closed in positive territory. However, the energy crisis in the UK has exacerbated further. Pure Plant and Colorado Energy are the latest energy suppliers in the UK to collapse due to higher gas prices. The UK energy regulator would appoint another energy supplier to serve the customers from the collapsed companies.
Global Markets soared higher
Norcros Plc (LON: NXR): Share of the construction and building material company was up by over 10% after the company announced its trading update for 26 weeks ended 3 October 2021. The company expects revenue to be at £200 million, a rise of 49% compared to last year.
Qinetiq Group Plc (LON: QQ.): The stock price of the defence sector company was down by over 12% after announcing a trading update for the second quarter to 30 September 2021. The share price declined despite 25% growth in the company’s order book at £700 million.
Polymetal International Plc (LON: POLY): The metal and mining company’s stock was up by over 3% following the surge in the gold prices in the international market.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 14 October 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD), Glencore Plc (GLEN),
Top 3 Sectors traded in green*: Basic Materials (2.75%), Energy (1.62%) and Industrials (0.84%).
Top 2 Sectors traded in red*: Utilities (-0.21%), Healthcare (-0.32%)
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 $84.08/barrel and $81.14/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,800 per ounce, up by 0.31% against the prior day closing.
Currency Rates*: GBP to USD: 1.3706; EUR to USD: 1.1599.
Bond Yields*: US 10-Year Treasury yield: 1.530%; UK 10-Year Government Bond yield: 1.0530%.
