AUS
NZ
UK
CA
USA
IND
US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 6.81 points or 0.17 per cent higher at 3,947.40, Dow Jones Industrial Average Index dipped by 13.02 points or 0.04 per cent lower at 32,718.18, and the technology benchmark index Nasdaq Composite traded higher at 13,394.10, up by 16.56 points or 0.12 per cent against the previous day close (at the time of writing, before the US market close at 11:30 AM ET).
US Market News: The major indices of Wall Street traded in a red zone as investors kept their eyes on testimonies from Janet Yellen and Jerome Powell. Among the gaining stocks, Tencent Music Entertainment Group shares climbed by about 3.78% after it formed a joint label with the Warner Music Group. Sunrun shares jumped by about 1.22% after JP Morgan had upgraded its investment stance to “Buy” from “Neutral”. Among the declining stocks, Raven Industries shares dropped by around 10.59%, after the agriculture technology Company reported weaker fourth-quarter results. ViacomCBS shares went down by around 6.83% after the media giant decided to sell USD 3 billion worth of stock.
US Stocks Performance*
UK Market News: The London markets traded in a red zone amid ongoing worries of the third wave of the Covid-19 pandemic in Europe and tensions between China and the West. FTSE 100 traded lower by around 0.40% after the UK government decided to fine 5,000 pounds if people travel abroad without any significant reason. The UK unemployment rate had dropped to 5.0% for the three months to January 2021 as compared to 5.1% for the three months to December 2020.
Housebuilder Crest Nicholson Holdings had raised full-year profit expectations. Furthermore, the Company anticipated a full-year pre-tax profit of 85 million pounds during FY21, well ahead of the consensus estimates. Meanwhile, the shares went up by around 5.22%.
Cineworld shares dropped by approximately 2.74% after the Company decided to reopen its US Regal theatres chain from April 2021. It has been closed for the last six months.
Oxford BioDynamics had announced the US launch of its EpiSwitch Covid-19 Severity test. Furthermore, the shares climbed by around 55.40%.
Teleradiology specialist Medica Group shares went up by approximately 0.33% after it had announced expansion into the clinical trials market with the acquisition of RadMD worth about 15.6 million pounds.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 23 March 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.); Barclays Plc (BARC).
Top 3 Sectors traded in green*: Utilities (+1.74%), Technology (+1.14%) and Real Estate (+1.09%).
Top 3 Sectors traded in red*: Energy (-2.72%), Healthcare (-1.58%) and Consumer Cyclicals (-0.43%).
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 $60.89/barrel and $57.86/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,726.65 per ounce, down by 0.66% against the prior day closing.
Currency Rates*: GBP to USD: 1.3764; EUR to GBP: 0.8615.
Bond Yields*: US 10-Year Treasury yield: 1.642%; UK 10-Year Government Bond yield: 0.754%.
*At the time of writing
