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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 28.41 points or 0.73 per cent lower at 3,848.09, Dow Jones Industrial Average Index declined by 140.50 points or 0.45 per cent lower at 31,381.19, and the technology benchmark index Nasdaq Composite traded lower at 13,304.18, down by 228.87 points or 1.69 per cent against the previous day close (at the time of writing, before the US market close at 10:30 AM ET).
US Market News: The major indices of Wall Street traded in red as investors were waiting for Senate testimony from Federal Reserve chairman Jerome Powell. Among the gaining stocks, AMC Entertainment Holdings shares jumped by approximately 11.32% after the news that New York City movie theatres will start opening with limited capacity from 05 March 2021. Among the declining stocks, shares of Shopify plunged by about 7.80% after it had decided the pricing of share offering worth approximately USD 1.55 billion. Carnival Corp shares dropped by around 3.53% after the Company had decided the pricing of its stock offering. Shares of Home Depot went down by about 3.44%, even though its quarterly earnings came out to be more than estimates.
US Stocks Performance*
UK Market News: The London markets traded on a mixed note after Prime Minister Boris Johnson unveiled a plan to lift Covid-19 related restrictions. FTSE 100 traded marginally higher by around 0.21% despite weak investor sentiments regarding a sharp rise in the unemployment rate and the release of HSBC Holdings FY20 results. The unemployment rate had increased to 5.1% for the three months ended December 2020 as compared to an increase of 5.0% for the similar period ended November 2020.
London-based insurer Aviva shares surged by approximately 0.35% after it had agreed to sell its French business to Aéma Groupe for around USD 3.9 billion.
HSBC Holdings had reported a 34% drop in its annual profits to USD 8.8 billion. However, the Company had resumed its dividend payments. Moreover, the shares plunged by around 1.97%.
British sportswear retailer Frasers Group said that the UK lockdowns and the closure of non-essential retail stores had adversely impacted the Company by over 100 million pounds. However, the shares went up by around 0.65%.
Greatland Gold shares jumped by approximately 2.30% after the Company announced the initial 2021 work programme related to its Juri joint venture, which includes drilling of several targets.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 23 February 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Rolls-Royce Holdings Plc (RR.); International Consolidated Airlines Group SA (IAG)
Top 3 Sectors traded in green*: Real Estate (+2.25%), Healthcare (+0.71%) and Consumer Non-Cyclicals (+0.55%).
Top 3 Sectors traded in red*: Technology (-1.71%), Basic Materials (-0.94%) and Financials (-0.47%).
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 $64.44/barrel and $61.55/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,806.50 per ounce, down by 0.11% against the prior day closing.
Currency Rates*: GBP to USD: 1.4094; EUR to GBP: 0.8618.
Bond Yields*: US 10-Year Treasury yield: 1.360%; UK 10-Year Government Bond yield: 0.730%.
*At the time of writing
