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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 80.80 points or 1.82 per cent lower at 4,362.31, Dow Jones Industrial Average Index dipped by 452.03 points or 1.30 per cent lower at 34,417.34, and the technology benchmark index Nasdaq Composite traded lower at 14,579.20, down by 390.80 points or 2.61 per cent against the previous day close (at the time of writing – 11:45 AM ET).
US Market News: The major indices of Wall Street traded in a red zone amid concerns regarding inflation. Among the gaining stocks, Thor Industries (THO) shares surged by around 8.56% after the recreational vehicle maker’s quarterly revenue and earnings came out to be more than the consensus estimates. Endeavor Group Holdings (EDR) shares rose by around 2.45% after the Company agreed to buy sports betting business OpenBet in a lucrative deal. Ford Motor (F) shares grew by around 1.87% amid reports that the Company had shown accelerated progress into electric vehicles with plans of a new assembly plant in the US. Among the declining stocks, Spotify Technology (SPOT) shares fell by around 2.18% after the Company started a marketing campaign to drive the advertising revenue.
UK Market News: The London markets traded in a red zone due to the hawkish comments made by the governor of the Bank of England. Moreover, the governor, Andrew Bailey, had hinted of a sooner-than-expected interest rate hike.
Moonpig Group shares dropped by about 4.27%, even after the Company had raised the FY22 revenue guidance. Moreover, the online greeting card & gifting platform had not changed the medium-term growth & margin targets.
Smiths Group shares surged by around 4.38% after the Company had displayed a significant rise in profitability during FY21. Furthermore, the full-year dividend for FY21 remained 8% ahead of the prior year levels.
Ferguson had anticipated a tapering in the second half on tougher prior year comparatives. However, the Company delivered substantial growth in top-line revenue and bottom-line profitability during FY21. Meanwhile, the shares dropped by around 3.82%.
Greencoat UK Wind shares went down by around 2.49% after the Company had agreed to acquire Andershaw wind farm from Statkraft for total consideration of £121 million.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 28 September 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 Sectors traded in green*: Energy (+2.99%), Consumer Non-Cyclicals (+0.51%).
Top Sectors traded in red*: Real Estate (-2.26%), Industrials (-2.07%), Utilities (-2.05%).
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 $78.22/barrel and $75.09/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,734.85 per ounce, down by 0.98% against the prior day closing.
Currency Rates*: GBP to USD: 1.3522; EUR to USD: 1.1677.
Bond Yields*: US 10-Year Treasury yield: 1.529%; UK 10-Year Government Bond yield: 0.9930%.
*At the time of writing
