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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 11.77 points or 0.35 per cent higher at 3,384.62, Dow Jones Industrial Average Index contracted by 53.59 points or 0.19 per cent lower at 27,877.43, and the technology benchmark index Nasdaq Composite traded higher at 11,107.11, up by 87.81 points or 0.80 per cent against the previous day close (at the time of writing, before the US market close at 12:05 PM ET).
US Market News: The Wall Street opened in the green as the key indices trended upwards. The US President is likely to put new measures against China, and the trade talks between the US and China have been postponed. Meanwhile, Congress has not reached to any conclusion for the next stimulus package. Among the gaining stocks, Principia Biopharma's shares were up by close to 9.3 percent after the company is expected to be bought by Sanofi for USD 3.7 billion. Nvidia was up by around 4.6 percent as the company is expected to buy ARM, a UK based chip manufacturer. Domino’s Pizza shares were up by about 1.3 percent after the company stated that it would hire close to 20,000 people in the US. Amazon was up by about 0.6 percent as the company is expected to invest in a cloud service company. Among the decliners, Occidental Petroleum was down by close to 3.7 percent after the company reported in a filing that Warren Buffet sold his stake in the company.
US Stocks Performance (at the time of writing)
European News: London and European markets traded in the green. As per the industry expert's report, the sale activity for the UK homes increased during the July 2020 and early August 2020. The sales transaction increased by 20 percent from the previous high recorded. Among the gaining stocks, Cranswick was up by about 7.2 percent after the company reported increased sales of meat products during the lockdown. Tesco's shares were up by about 0.7 percent after the company is expected to waive off the grocery delivery charges. Unilever's shares were up by about 0.1 percent after the company would rename one of its brands after the complaint was made regarding the name of the brand. Among the decliners, Easyjet was down by close to 3.8 percent after the company stated that it would close its three bases in the UK. Horizon Discovery was down by around 3.9 percent after the company reported 13 percent year on year fall in revenue for H1 FY2020.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (17 August 2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (GLEN) GLENCORE PLC; (BP.) BP PLC.
Sectors traded in the positive zone*: Basic Materials (+2.00%), Healthcare (+1.45%) and Technology (+0.80%).
Sectors traded in the negative zone*: Telecommunications Services (-0.63%), Utilities (-0.33%) and Financials (-0.17%).
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 $42.89 per barrel and $45.37 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,992.20 per ounce, up by 2.17% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3100 and 0.9055, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.682 per cent and 0.218 per cent, respectively.
*At the time of writing
