US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.89 points or 0.41 per cent higher at 3,164.94, Dow Jones Industrial Average Index expanded by 201.95 points or 0.79 per cent higher at 25,908.04, and the technology benchmark index Nasdaq Composite traded marginally higher at 10,548.75, up by 0.99 points or 0.01 per cent against the previous day close (at the time of writing, before the U.S market close at 11:55 AM ET).
US Market News: The Wall Street opened on a mixed note in Friday’s session. The U.S Bureau of Labor Statistics released Producer Price Index (PPI) data; the PPI declined by 0.2 percent in June after increasing 0.4 percent in May. Among the gaining stocks, BioNtech was up by close to 7.0 percent after the company’s CEO informed media that their vaccine for the coronavirus might be available by December 2020. American Airlines was up by about 1.7 percent as it might cancel few orders for Boeing’s aircraft. Similarly, HP inched up by about 1.4 percent after the company reported increased personal computer sales in the second quarter as more people worked from home. Among the decliners, Apple was down by close to 0.1 percent; the company is working with Foxconn on augment reality(AR). Pen National’s shares were down by 0.5 percent after the company re-opened gaming and racing operations.
S&P 500 (SPX)
Top Performers*: HanesBrands Inc (HBI), Carnival Corp (CCL), and Comerica Inc (CMA) stocks jumped by 5.01 per cent, 4.39 per cent and 4.07 per cent, respectively.
Non Performers*: PayPal Holdings Inc (PYPL), Keysight Technologies Inc (KEYS) and Arista Networks Inc (ANET) shares decreased by 2.46 per cent, 2.43 per cent and 2.31 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: WiMi Hologram Cloud Inc (WIMI), Wah Fu Education Group Ltd (WAFU) and Tarena International Inc (TEDU) shares expanded by 86.72 per cent, 38.20 per cent and 34.78 per cent, respectively.
Worst Performers*: Centogene NV (CNTG), Patriot National Bancorp Inc (PNBK) and Hexindai Inc (HX) shares plunged by 20.21 per cent, 18.23 per cent and 15.42 per cent, respectively.
Top Performing Sectors*: Utilities (+0.82 per cent), Basic Materials (+0.79 per cent) and Energy (+0.48 per cent).
Top Worst Sectors*: Technology (-0.60 per cent), Healthcare (-0.32 per cent) and Telecommunications Services (-0.14 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: JPMorgan Chase & Co (JPM), Dow Inc (DOW) and Goldman Sachs Group Inc (GS) shares zoomed up by around 2.50 per cent, 2.16 per cent and 2.08 per cent, respectively.
Worst Performers*: Microsoft Inc (MSFT), Visa Inc (V) and UnitedHealth Group Inc (UNH) shares plunged by 1.13 per cent, 1.00 per cent and 0.83 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 45.79 points or 0.76 per cent higher at 6,095.41, the FTSE 250 index snapped at 194.84 points or 1.15 per cent higher at 17,179.97, and the FTSE All-Share Index ended 26.55 points or 0.79 per cent higher at 3,379.62, respectively. Another European index STOXX 600 ended up by 3.19 points or 0.88 per cent, at 366.83. Among other major European indices, DAX index closed the session at 12,633.71, up by 144.25 points or 1.15 per cent; CAC 40 index increased by 49.47 points or 1.01 per cent and ended the trading session at 4,970.48.
European News: London and European markets advanced over decreased fear of rising coronavirus cases. The UK government plans to open swimming pools, gyms and recreational centres from 11 July 2020. Meanwhile, The British Retail Consortium reported that in June, the shopping footfall declined 63 percent year on year. However, the footfall improved by 19 percent as compared to May 2020. The Gold crossed USD 1,800 per ounce mark. Among the gaining stocks, International Personal Finance PLC was trading up by about 15.0 percent after the company reported improvement in the collection in June. Unilever shares were up by close to 0.6 percent after company plans to scale down the tea business. Restaurant Group plunged nearly 4.6 percent after the company said that one out of every ten restaurants would not re-open this year. Similarly, Gym Group PLC surged by around 0.6 percent after the company announced that it would re-open 160 gyms across the UK.
London Stock Exchange
Top Three Performers*: INTERNATIONAL PERSONAL FINANCE PLC (IPF), MITCHELLS & BUTLERS PLC (MAB) and PETROPAVLOVSK PLC (POG) accelerated significantly by 13.10 per cent, 9.70 per cent and 7.68 per cent, respectively.
Worst Performers*: RESTAURANT GROUP PLC (RTN), FUNDING CIRCLE HOLDINGS PLC (FCH) and AMIGO HOLDINGS PLC (AMGO) plunged by 9.46 per cent, 9.21 per cent and 8.24 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (July-10-2020), before the market close (Source: Refinitiv, Thomson Reuters)
Best Gainers*: BARCLAYS PLC (LON: BARC), WHITBREAD PLC (LON: WTB) & HOMESERVE PLC (LON: HSV) leapt up by 4.23 per cent, 4.11 per cent and 3.68 per cent, respectively.
Non Performers*: HARGREAVES LANSDOWN PLC (LON: HL.), HIKMA PHARMACEUTICALS PLC (LON: HIK) and SMITH (DS) PLC (LON: SMDS) traded in the red zone and decreased by 2.55 per cent, 2.01 per cent and 1.62 per cent, respectively.
Stocks traded with good volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BP.) BP PLC; (VOD) VODAFONE PLC.
Top Sectors traded in the positive zone*: Utilities (+1.79 per cent), Financials (+1.04 per cent), and Consumer Cyclicals (+0.78 per cent).
Top Sector traded in the negative zone*: Healthcare (-0.31 per cent).
Crude Oil Future Prices*: WTI crude oil (future) price was hovering at $40.53 per barrel & Brent future crude oil (future) price was trading at $43.24 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2629 and 0.8949, respectively.
Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.633 per cent, and the UK 10-Year Government Bond yield was hovering at 0.158 per cent, respectively.
*At the time of writing