AUS
NZ
UK
CA
USA
IND
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 8.34 points or 0.19 per cent higher at 4,403.60, Dow Jones Industrial Average Index surged by 55.10 points or 0.16 per cent higher at 34,990.57, and the technology benchmark index Nasdaq Composite traded higher at 14,744.20, up by 71.60 points or 0.49 per cent against the previous day close (at the time of writing – 12:00 PM ET).
US Market News: The major indices of Wall Street traded in a green zone riding on the hopes of extended stimulus. Among the gaining stocks, Square (SQ) shares surged by about 11.26% after the Company got agreed to purchase Australia’s Afterpay for around USD 29 billion in a stock deal. Zoom Video Communications (ZM) shares went up by around 0.16% after the Company had agreed to settle a lawsuit by paying USD 85 million. Among the declining stocks, General Electric (GE) shares fell by about 2.21% after the Company had completed a reverse stock split. Foot Locker (FL) shares dropped by about 2.12%, despite the Company announced a deal to buy California-based shoe store chain WSS.
UK Market News: The London markets traded in a green zone after the release of the UK manufacturing data. Moreover, the IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index had dropped to 60.4 during July 2021, while it was 63.9 for June 2021.
Aerospace Engineer Meggitt shares climbed by about 56.68% after the Company got agreed to be taken over by Parker-Hannafin for approximately 6.30 billion pounds. Moreover, the shareholders will receive 800 pence per share.
SSE shares went up by around 1.28% after the Company had agreed to sell the entire 33.33% stake in Scotia Gas Networks for around 1.23 billion pounds in a cash deal.
FTSE 250-listed Sanne Group stated that it was in discussion with Apex Group regarding a possible takeover in a cash deal worth approximately 920 pence per share. Furthermore, the shares surged by around 7.58%.
Volution Group shares grew by around 0.74% after the Company revealed that it had bought Energy Recovery Industries for an initial consideration of 23.4 million euros.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 2 August 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); Rolls-Royce Holdings Plc (RR.).
Top 3 Sectors traded in green*: Basic Materials (+1.57%), Energy (+1.46%), Real Estate (+1.13%).
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 $72.74/barrel and $71.10/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,819.65 per ounce, up by 0.13% against the prior day closing.
Currency Rates*: GBP to USD: 1.3891; EUR to GBP: 0.8544.
Bond Yields*: US 10-Year Treasury yield: 1.179%; UK 10-Year Government Bond yield: 0.5315%.
*At the time of writing
