AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 141.78 points or 5.70% higher at 2,630.43, Dow Jones Industrial Average Index surged by 1,215.21 points or 5.77% higher at 22,267.74, and the technology benchmark index Nasdaq Composite traded higher at 7,783.71, up by 410.63 points or 5.57% against its previous day close (at the time of writing, before the U.S market close at 12:40 PM ET).
US News: The Wall Street soared as the reports claimed that infection rate has gone down for Covid-19. However, Crude oil prices slipped (U.S. crude was down by around 6.28% to $26.56 a barrel) as Russia and OPEC has postponed the emergency meeting to Thursday from today. Whilst Dan Brouillette (U.S. Energy Secretary) expecting the end of price war this week, post discussion with energy honchos in Saudi Arabia and Russia. Accordingly, the stock price of Exxon Mobil and Chevron rose over 2%. Meanwhile, the Federal Reserve announced that to provide a stimulus package, community bank leverage ratio will be reduced to 8%, which shall return to 9% in 2022. Among the stocks, Wayfair’s stock surged around 40%, post announcement of doubled sales in the first quarter. Zoom’s share declined over 9%, due to privacy concerns (application has started to get banned in some schools) and competitive pressure from big players. JP Morgan surged over 7% after their CEO affirmed that there is no intent to suspend dividend presently. Bank of America increased over 11%, post reporting demand surge for loans regarding Paycheck protection. Apple soared over 3.5% after its commitment to producing 1 million masks for medical workers. Boeing has extended the shutdown at its facilities in Washington until further notice, and consequently, it will cease payment to 30,000 workers from this week. Boeing stock surged over 6% today (post losing over 60% value this year). Inovio Pharmaceuticals rose over 5%, post DNA vaccine approval from the Food and Drug Administration. Delta Air Lines lost around 4%, following the shares offload by Berkshire Hathaway.
S&P 500 (SPX)
Top Performers*: Capri holdings Ltd, Wynn Resorts Ltd, and Kohls Corp shares increased by 22.04%, 16.62% and 16.33% respectively.
Non Performers*: Diamondback Energy Inc, Concho Resources Inc and EOG Resources Inc shares decreased by 5.10%, 4.48% and 4.29% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Immunomedics Inc, Pensare Acquisition Corp, and Akers Biosciences Inc shares expanded by 102.29%, 66.67% and 56.32% respectively.
Worst Performers*: Millendo Therapeutics Inc, Menlo Therapeutics Inc and Meten Edtechx Education Group Ltd shares plunged by 69.69%, 47.49% and 18.11% respectively.
Top Performing Sectors*: Utilities (+6.54%), Industrials (+5.28%), and Financials (+5.16%).
Dow Jones Industrial Average (DJI)
Top Performers*: American Express Co, Raytheon Technologies Corp and Boeing Co are the top gainers and increased by 10.15%, 9.41% and 8.08%, respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 166.89 points or 3.08% higher at 5,582.39, the FTSE 250 index snapped at 713.15 points or 5.06% higher at 14,812.36, the FTSE All-Share Index ended 100.45 points or 3.40% higher at 3,058.85, and FTSE AIM All-Share Index closed at 680.41, up by 21.16 points or 3.21%. Another European equity benchmark index STOXX 600 ended up by 11.52 points or 3.73 per cent, at 320.58. Among other major European indices, DAX index closed the session at 10,027.50, up by 546.73 points or 5.74%; CAC 40 index increased by 191.56 points or 4.61% and ended the trading session at 4,346.14.
European News: London and European stocks surged as count of deaths slowed down in Italy and Spain. Subsequently, the cruise operators such as Carnival Plc, IAG owned British Airways, and easyJet rose between 6% to 9%. However, British construction market fell steeply, resulting in its Purchasing Managers' Index plunged to 39.3 in March (February: 52.6), as per the IHS Markit report. Moreover, the new registration of cars has declined by 40% in March to 250,000 units. Britain’s prime minister announced that its healthcare system has 10,000 ventilators now. Meanwhile, the European Central Bank affirmed that they raised 34 billion euros worth of debt in the previous week (highest weekly total). Due to travel bans amid the Covid-19 pandemic, Roll-Royce has ceased its final dividend to preserve its liquidity; however, with the update of securing additional revolving credit facility (GBP 1.5 billion), their stock accelerated by around 13%. In contrast, Insurer Legal & General Group surged about 17%, post announcing 2019 dividend, despite suggestion of European Union regulator for halting pay-out. Meanwhile, EasyJet stock rose nearly 14% as it is seeking an additional credit facility of $500 million. On the other hand, Norwegian Air fell by over 5% post, stating that its passenger volume declined by 60% in March (year-on-year).
London Stock Exchange
Top Performers*: TULLOW OIL PLC (TLW), PHAROS ENERGY PLC (PHAR) and MAJEDIE INV PLC (MAJE) are top movers and rose by 40.58%, 30.51% and 21.94% respectively.
Worst Performers*: REACH PLC (RCH), INTERNATIONAL PERSONAL FINANCE PLC (IPF) and RDI REIT P.L.C. (RDI) plunged by 13.33%, 10.00% and 7.67% respectively.
FTSE 100 Index
5 days FTSE 100 Index Performance (April-06-2020), before the market closed (Source: TR)
Best Gainers*: ROLLS-ROYCE HOLDINGS PLC (RR.), LEGAL & GENERAL GROUP PLC (LGEN) and BARRATT DEVELOPMENTS PLC (BDEV) expanded by 16.69%, 16.12% and 13.95% respectively.
Non Performers*: HALMA PLC (HLMA), LONDON STOCK EXCHANGE GROUP PLC (LSE) and BP PLC (BP.) plunged by 2.70%, 2.31% and 1.44% respectively.
Shares traded with high-level volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (VOD) VODAFONE GROUP PLC.
Top Sectors traded in the positive zone*: Consumer Cyclicals (+6.83%), Financials (+5.13%) and Telecommunications Services (+4.21%).
Oil Prices*: WTI crude oil future price was nudging at $26.46 per barrel, down by 6.63% and Brent crude oil future price was trading at $32.69 per barrel, down by 4.16%.
Forex Rates*: GBP/USD and EUR/GBP were hovering at 1.2311 and 0.8770, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was tilting at 0.664%, and the UK 10-Year Government Bond yield was hovering at 0.332%, respectively.
*At the time of writing
