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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 21.97 points or 0.53 per cent higher at 4,156.91, Dow Jones Industrial Average Index surged by 176.11 points or 0.52 per cent higher at 33,997.41, and the technology benchmark index Nasdaq Composite traded higher at 13,867.72, up by 81.45 points or 0.59 per cent against the previous day close (at the time of writing - 11:30 AM ET).
US Market News: The major indices of Wall Street traded in a green zone after solid quarterly earnings reported from some of the largest companies. Among the gaining stocks, Welbilt shares rose by about 35.03% after the Company had agreed to be taken over by its rival, Middleby, in an all-stock deal worth USD 4.3 billion. Nasdaq shares went up by approximately 0.69% after the Company announced an increase in dividend payments. Among the declining stocks, Netflix shares dropped by around 7.35% after the Company had reported a dramatic slowdown in subscriber growth during the first quarter. Verizon Communications shares went down by about 0.49% after the telecommunications giant had shown a significant loss of wireless subscribers.
US Stocks Performance*
UK Market News: The London markets traded in a green zone after the British inflation picked up in March 2021, driven by an increase in the global oil prices. FTSE 100 advanced higher by around 0.52% as tobacco shares went up after witnessing a slump in the previous trading session. Furthermore, the consumer price inflation had increased to 0.7% year-on-year in March 2021 as compared to a year-on-year increase of 0.4% for February 2021.
Distribution specialist Bunzl shares dropped by about 2.52% even after the Company had reported an increase in the first-quarter revenue, boosted by increased demand for Covid-19 related products.
CFD trading platform Plus500 had penetrated US markets as it purchased Cunningham Commodities and Cunningham Trading Systems for USD 30 million. Moreover, the shares jumped by around 1.34%.
Hikma Pharmaceuticals shares climbed by about 3.62% after the Company had resumed the launch of its generic version of GlaxoSmithKline’s Advair Diskus®1 in the US after receiving approval from the US FDA. The Company remained the top performer on the FTSE 100 index.
Mining giant BHP Group had reported record production at the Western Australia iron ore business during the first nine months ended 31 March 2021. Furthermore, the shares went up by around 0.90%.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 21 April 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Barclays Plc (BARC); Rolls-Royce Holdings Plc (RR.).
Top 3 Sectors traded in green*: Healthcare (+1.95%), Energy (+1.43%) and Consumer Non-Cyclicals (+0.98%).
Top 2 Sectors traded in red*: Real Estate (-1.31%) and Utilities (-0.93%).
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 $65.18/barrel and $61.20/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,792.55 per ounce, up by 0.80% against the prior day closing.
Currency Rates*: GBP to USD: 1.3933; EUR to GBP: 0.8634.
Bond Yields*: US 10-Year Treasury yield: 1.5696%; UK 10-Year Government Bond yield: 0.7420%.
*At the time of writing
