AUS
NZ
UK
CA
USA
IND
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.55 points or 0.39 per cent higher at 3,498.10, Dow Jones Industrial Average Index expanded by 136.47 points or 0.48 per cent higher at 28,628.74, and the technology benchmark index Nasdaq Composite traded higher at 11,674.70, up by 49.36 points or 0.42 per cent against the previous day close (at the time of writing, before the US market close at 12:55 PM ET).
US Market News: The Wall Street opened in the green as the consumer spending in the US increased by 1.9 percent month on month in July 2020. The personal income in the US increased by 0.4 percent month on month in July 2020. Meanwhile, the US trade gap widened by 11.7 percent in July 2020 to USD 79.3 trillion. Among the gaining stocks, HP Inc was up around 7.7 percent after the company reported the increased sale of laptops. Dell’s shares were up by close to 5.9 percent after the company reported increased demand for software products during the lockdown. Hibbett Sports was up by close to 4.0 percent after the company posted earnings better than the estimates. Coca Cola shares were up by around 1.1 percent after the company announced a reorganization in the structure. Among the decliners, Big Lots was down by around 6.1 percent, although the company reported improved sales for comparable stores. Gap was down by nearly 0.2 percent after the company posted a loss per share of 17 USD cents.
US Stocks Performance (at the time of writing)
European News: The London and the European market traded in the red over coronavirus fears. As per the industry expert’s report, the business sentiment index in the UK increased by 8 points to -14 in August 2020. The UK would fund £8.4 million for three studies related to covid-19. Among the gaining stocks, Frontier Development shares were up by close to 7.6 percent after the company reported the release of three new games. Cadence Minerals was up by about 3.6 percent after the company stated it performed well in H1 FY20 given the current macroeconomic scenario. Among the decliners, Alba Mineral shares plunged 8.9 percent after the company reported loss per share of 0.008 pence in H1 FY20. Bigblu Broadband was down by close to 7.1 percent after the company reported revenue of £25.8 million in H1 FY20 that was lower than the last year. Mid Wynd International Investment Trust was down by about 0.9 percent after the company issued new shares.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (28 August 2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (BARC) BARCLAYS PLC.
Sectors traded in the positive zone*: Basic Materials (+0.53%) and Financials (+0.51%).
Sectors traded in the negative zone*: Telecommunications Services (-1.20%), Consumer Non-Cyclicals (-1.17%) and Industrials (-0.90%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $43.05 per barrel and $45.87 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,972.25 per ounce, up by 2.05% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3338 and 0.8911, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.733 per cent and 0.313 per cent, respectively.
*At the time of writing
