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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.97 points or 0.42 per cent higher at 3,113.26, Dow Jones Industrial Average Index accelerated by 16.37 points or 0.06 per cent higher at 25,829.25, and the technology benchmark index Nasdaq Composite traded higher at 10,128.78, up by 70.01 points or 0.70 per cent against the previous day close (at the time of writing, before the U.S market close at 11:55 AM ET).
US News: The Wall Street major indices trended upwards buoyed by the decent numbers of job created in June. The US added about 2.4 million jobs in June. The US reported PMI of 49.8 in June better than the forecast of 49.6. The PMI was 39.8 in May. The stocks which transcended along with market were – FedEx shares surged by close to 14.7% after it posted better than expected results for the fourth quarter. Beyond Meat shares were up by about 10.3% after the company partnered with Alibaba and launched the product in China. Shares of Pfizer were up by close to 4.2% after the announcement of positive early-stage test results for COVID-19 drugs by the company’s German partner Biontech. The stocks which were beaten down were - Cboe Global Markets whose shares were down by close to 9.4% as the company completed the acquisition of EuroCCP, a leading pan-European equities clearinghouse. The Exxon Mobil shares were down by close to 0.3% as complaints filed to US authorities of company reluctant to write-down its assets on the balance sheet. The Boeing Airlines shares were down by close to 0.4% after the US Transportation Department released a report which stated that Boeing withheld the essential safety system information.
S&P 500 (SPX)
Top Performers*: FedEx Corp (FDX), Constellation Brands Inc (STZ), and United Airlines Holdings Inc (UAL) stocks jumped by 15.89 per cent, 7.43 per cent and 7.19 per cent, respectively.
Non Performers*: Western Digital Corp (WDC), Xilinx Inc (XLNX) and Newmont Corporation (NEM) shares decreased by 3.15 per cent, 3.08 per cent and 3.06 per cent, respectively.
NASDAQ Composite (IXIC)
Top Performers*: MYOS RENS Technology Inc (MYOS), YRC Worldwide Inc (YRCW) and T2 Biosystems Inc (TTOO) shares expanded by 273.86 per cent, 76.22 per cent and 59.06 per cent, respectively.
Worst Performers*: Rosehill Resources Inc (ROSE), Therapix Biosciences Ltd (TRPX) and Gevo Inc (GEVO) shares plunged by 42.29 per cent, 42.05 per cent and 35.71 per cent, respectively.
Top Performing Sectors*: Utilities (+1.14 per cent), Consumer Cyclicals (+1.01 per cent) and Energy (+0.28 per cent).
Top Worst Sectors*: Basic Materials (-1.27 per cent) and Healthcare (-0.07 per cent).
Dow Jones Industrial Average (DJI)
Top Performers*: Pfizer Inc (PFE), Walt Disney Co (DIS) and Boeing Co (BA) shares zoomed up by around 4.62 per cent, 2.50 per cent and 1.58 per cent, respectively.
Worst Performers*: Intel Corp (INTC), Walgreens Boots Alliance Inc (WBA) and Walmart Inc (WMT) shares plunged by 0.89 per cent, 0.85 per cent and 0.67 per cent, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 11.78 points or 0.19 per cent lower at 6,157.96, the FTSE 250 index snapped at 70.27 points or 0.41 per cent higher at 17,189.43, and the FTSE All-Share Index ended 3.15 points or 0.09 per cent lower at 3,407.78, respectively. Another European index STOXX 600 ended up by 0.85 points or 0.24 per cent, at 361.19. Among other major European indices, DAX index closed the session at 12,260.57, down by 50.36 points or 0.41 per cent; CAC 40 index decreased by 9.05 points or 0.18 per cent and ended the trading session at 4,926.94.
European News: London and European markets inched higher with optimism over post-pandemic recovery. Meanwhile, UK manufacturing Purchasing Managers’ Index rose from 40.7 in May to 50.1 in June. Also, the Financial Conduct Authority has extended the payment freeze arrangement for credit card payments until 31st October 2020. Among the gaining stocks, Hammerson jumped over 4.4 % after securing liquidity through the government’s Covid Corporate Financing Facility. Equities gained slightly over 0.6% after it planned to cut the number of aircraft in Berlin. Similarly, Ryanair Holdings surged over 0.7% as it expects 4.5 million passengers in July. Also, Royal Dutch Shell soared over 2.4% as it plans to buy renewable gas from Denmark's Nature Energy. Among the decliners, SSP Group slid 2.4% after unveiling a proposed restructuring plan to slash 5,000 jobs. J Sainsbury dipped over 2.3% post estimating a flat annual profit due to additional costs incurred due to the pandemic.
London Stock Exchange
Top Three Performers*: CARNIVAL PLC (CCL), LIONTRUST ASSET MANAGEMENT (LIO) and HAMMERSON PLC (HMSO) accelerated significantly by 6.87 per cent, 6.51 per cent and 6.35 per cent, respectively.
Worst Performers*: RIVERSTONE ENERGY LIMITED (RSE), KIER GROUP PLC (KIE) and AMIGO HOLDINGS PLC (AMGO) plunged by 15.07 per cent, 10.82 per cent and 10.50 per cent, respectively.
FTSE 100 Index Performance
3 months FTSE 100 Index Performance (July-01-2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Best Gainers*: SMITH & NEPHEW PLC (LON: SN.), MELLROSE INDUSTRIES PLC (LON:MRO) & COMPASS GROUP PLC (LON:CPG) leapt up by 4.95 per cent, 3.95 per cent and 3.82 per cent, respectively.
Non Performers*: HARGREAVES LANSDOWN PLC (LON: HL.), ITV PLC (LON:ITV) and POLYMETAL INTERNATIONAL PLC (LON:POLY) traded in the red zone and decreased by 4.18 per cent, 3.32 per cent and 3.03 per cent, respectively.
Shares traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE PLC; (IAG) INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA.
Top Three Sectors traded in the positive zone*: Energy (+2.15 per cent), Industrials (+0.98 per cent), and Consumer Cyclicals (+0.84 per cent).
Top Three Sectors traded in the negative zone*: Basic Materials (-0.77 per cent), Telecommunications Services (-0.45 per cent) and Technology (-0.26 per cent).
Crude Oil Future Prices*: WTI crude oil (future) price was hovering at $39.77 per barrel & Brent future crude oil (future) price was trading at $41.99 per barrel.
Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2471 and 0.9018, respectively.
Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.687 per cent, and the UK 10-Year Government Bond yield was hovering at 0.207 per cent, respectively.
*At the time of writing
