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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 2.49 points or 0.07 per cent higher at 3,375.92, Dow Jones Industrial Average Index expanded by 29.86 points or 0.11 per cent higher at 27,926.58, and the technology benchmark index Nasdaq Composite traded lower at 11,031.08, down by 11.43 points or 0.10 per cent against the previous day close (at the time of writing, before the US market close at 12:50 PM ET).
US Market News: The Wall Street opened in the red as the reported retail sales in the US were less than expected. US manufacturing production increased by 3.4 percent in July 2020 against market expectation of 3.0 percent. The manufacturing production increased by 7.4 percent in June 2020. Among the gaining stocks, Novavax's shares were up by close to 11.9 percent after the UK would purchase the potential covid-19 vaccine from the company. Applied Material's shares were up by about 4.3 percent after the company reported results better than the market expectation. AMC Entertainment was up by about 3.6 percent after the company stated that it expects reopening of theatres from 21 August 2020. Among the decliners, Baidu was down by close to 6.7 percent after iQiyi reported the SEC probe into the company, and Baidu holds 56 percent stake in iQiyi. Apple shares declined by about 1.2 percent after Fortnite game maker Epic sued the company.
US Stocks Performance (at the time of writing)
European News: London and European markets traded in the red amid the missing clarity over the quarantine rules. As per the industry expert's report, the sale at UK's pubs and restaurants increased by 31 percent week on week for the week ended 9 August 2020 following the UK government's stimulus to boost the outdoor food eating business. Among the gaining stocks, Rank Group was up by about 1.4 percent after the casinos are expected to open in the UK from 15 August 2020. Herald Investment Trust was up by close to 0.6 percent after the company reported improvement in the NAV. Among the decliners, Easyjet was down by close to 7.5 percent after the company stated that it is looking to raise extra funds. Greencore Group's shares fell by about 6.2 percent after the workers at the company's factory tested positive for coronavirus. IAG's shares were down by about 5.6 percent after the UK reapplies quarantine for travellers coming from France and the Netherlands.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (14 August 2020), before the market closed (Source: EODHD/Others, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (GLEN) GLENCORE PLC.
Sectors traded in the negative zone*: Energy (-2.63%); Technology (-2.33%), and Industrials (-2.01%).
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 $41.98 per barrel and $44.74 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,944.30 per ounce, down by 1.32% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3100 and 0.9045, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.698 per cent and 0.243 per cent, respectively.
*At the time of writing
