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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 36.29 points or 0.93 per cent higher at 3,935.10, Dow Jones Industrial Average Index surged by 226.03 points or 0.70 per cent higher at 32,523.05, and the technology benchmark index Nasdaq Composite traded higher at 13,302.16, up by 233.33 points or 1.79 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 a green zone after the release of jobless claims data. Among the gaining stocks, shares of Bumble jumped by about 10.48% after the online dating company reported an impressive fourth-quarter revenue. Tesla shares went up by about 4.62% after the Company had increased the price of its Model Y Long Range and Model S Plaid plus. Among the declining stocks, Cloudera shares went down by approximately 10.73% after the software company provided disappointing full-year guidance. Oracle Corp shares dropped by approximately 5.99% after it had posted a disappointing quarterly revenue.
US Stocks Performance*
UK Market News: The London markets traded in a green zone after the European Central Bank decided to accelerate the pace of the stimulus programme. FTSE 100 traded marginally higher by around 0.17% after US inflation data calmed fears of rising interest rates.
Advertising giant WPP shares jumped by around 1.62% after the Company announced a share buyback programme. Moreover, WPP had anticipated significant recovery during 2021.
Engine maker Rolls-Royce Holdings had expected to turn free cash flow positive during the second half of 2021. Thus, the shares went up by around 1.37%.
FTSE 250 listed IG Group Holdings shares went up by approximately 4.75% after reporting a more than 600% jump in the stock trading and investments sales for its latest quarter. Moreover, the third-quarter revenue went up by approximately 65%.
British cigarette maker British American Tobacco updated that it would acquire a 19.9% stake in Canada-based cannabis producer Organigram Holdings. Meanwhile, the shares went up by approximately 0.19%.
Landscape products company Marshalls shares surged by about 7.72% after raising expectations for FY21 backed by strong trading at the start of the year. However, it had reported a decline in full-year profit and full-year revenue during FY20.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 11 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.); Vodafone Group Plc (VOD).
Top 3 Sectors traded in green*: Basic Materials (+1.99%), Technology (+1.32%) and Consumer Cyclicals (+0.78%).
Top 3 Sectors traded in red*: Healthcare (-1.67%), Financials (-1.11%) and Consumer Non-Cyclicals (-0.42%).
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 $69.60/barrel and $65.98/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,724.35 per ounce, up by 0.15% against the prior day closing.
Currency Rates*: GBP to USD: 1.3982; EUR to GBP: 0.8570.
Bond Yields*: US 10-Year Treasury yield: 1.518%; UK 10-Year Government Bond yield: 0.735%.
*At the time of writing
