US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 7.64 points or 0.24 per cent lower at 3,238.58, Dow Jones Industrial Average Index contracted by 165.11 points or 0.63 per cent lower at 26,148.87, and the technology benchmark index Nasdaq Composite traded higher at 10,636.29, up by 48.49 points or 0.46 per cent against the previous day close (at the time of writing, before the US market close at 12:05 PM ET).
US Market News: The Wall Street opened mixed on Friday. The US Commerce Department reported that the US economic activity increased by 5.6 percent in June 2020. Among the gaining stocks, Facebook shares surged by about 8.3 percent after the company announced that it would launch music videos from 1 August 2020. Apple shares were up by close to 6.3 percent after the company reported improved sales of products during the lockdown. Amazon shares were up by about 3.4 percent after the company reported earnings better than the estimates. Among the decliners, Google was down by about 4.2 percent after the company reported a fall in quarterly advertising revenue. Nvidia's shares were down by close to 0.7 percent after the company is in discussion to buy Arm from Softbank.
US Stocks Performance (at the time of writing)
European News: London and the European market opened in the red. The UK house prices increased by 1.7 percent month on month in July 2020. The prices declined 1.6 percent month on month in June 2020. Among the gaining stocks, London Stock Exchange was up by about 1.6 percent after the company reported that it is planning to sell some part of its Italian stock exchange group. Among the losing stocks, IAG was down by around 9.0 percent after the company reported that it would raise capital of 2.5 billion euros. BT declined by close to 8.6 percent after the company posted lower revenue and earnings. British American Tobacco shares slide by close to 4.9 percent, although the company reported better than expected profits and highlighted strong demand for the vapour products in the US. Glencore shares declined by about 1.3 percent, while the company outlined improved performance guidance for the year.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (31 July 2020), before the market closed (Source: Refinitiv, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (VOD) VODAFONE GROUP PLC.
Sectors traded in the positive zone*: Technology (+1.17%); Utilities (+1.14%), and Financials (+0.73%).
Sectors traded in the negative zone*: Telecommunications Services (-2.49%); Energy (-2.09%), and Industrials (-1.91%).
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 $40.27 per barrel and $43.47 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,966.90 per ounce, up by 1.27% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3099 and 0.9002, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.536 per cent and 0.109 per cent, respectively.
*At the time of writing
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