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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.61 points or 0.36 per cent higher at 3,839.92, Dow Jones Industrial Average Index surged by 9.13 points or 0.03 per cent higher at 30,696.61, and the technology benchmark index Nasdaq Composite traded higher at 13,676.28, up by 63.50 points or 0.47 per cent against the previous day close (at the time of writing, before the US market close at 1:15 PM ET).
US Market News: The major indices of Wall Street traded in the green territory lifted by strong earnings from Amazon and Alphabet. The IHS Markit’s Services PMI rose to 58.3 during January 2021, more than the forecasted figure of 57.5. Among the gaining stocks, Alphabet shares grew by 6.72% after it had reported good quarterly performance of the advertising and cloud business. Among the declining stocks, Spotify Technology shares went down by 8.88% after it had given a conservative outlook. Shares of Electronic Arts plunged by 6.83% after it had missed profit forecast for the current quarter. Shares of Amgen dropped by 2.91% after it had given disappointing financial guidance for 2021. Shares of Amazon went down by 0.30% after Jeff Bezos announced that he was standing down as CEO.
US Stocks Performance*
European News: The London and European markets traded in the green territory driven by the increasing investor optimism regarding Covid-19 vaccination and US stimulus hopes. The adjusted IHS Markit UK Services Purchasing Managers’ Index (PMI) increased to 39.5 during January 2021, more than the forecasted figure of 38.8. Among the gaining stocks, Vodafone Group shares jumped by 5.87% after it had shown confidence regarding its full-year outlook. Volution Group shares jumped by 6.82% after it had demonstrated strong first-half trading performance. Shares of Taylor Wimpey went up by 1.17% after it was upgraded by Barclays. Among the decliners, Unite Group shares went down by 6.09% after it announced an extension regarding 50% student discount. Frontier Developments shares went down by 1.07% even though it had shown long-term growth potential. Shares of GlaxoSmithKline had dropped the most on FTSE 100.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 3 February 2021)
1 Year FTSE 100 Chart (Source: Refinitiv, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BP Plc (BP.).
Top 3 Sectors traded in green*: Technology (+2.24%), Utilities (+1.12%) and Consumer Cyclicals (+0.58%).
Top 3 Sectors traded in red*: Healthcare (-1.80%), Energy (-0.73%) and Industrials (-0.21%).
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 $58.39/barrel and $55.64/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,835.65 per ounce, up by 0.12% against the prior day closing.
Currency Rates*: GBP to USD: 1.3642; EUR to GBP: 0.8813.
Bond Yields*: US 10-Year Treasury yield: 1.125%; UK 10-Year Government Bond yield: 0.377%.
*At the time of writing
