How the US and UK Markets’ Performed Lately; BAE Systems Surged by 5.89%

  • Jul 30, 2020 BST
  • Team Kalkine
How the US and UK Markets’ Performed Lately; BAE Systems Surged by 5.89%

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 24.64 points or 0.76 per cent lower at 3,233.80, Dow Jones Industrial Average Index contracted by 297.70 points or 1.12 per cent lower at 26,241.87, and the technology benchmark index Nasdaq Composite traded lower at 10,537.98, down by 4.96 points or 0.05 per cent against the previous day close (at the time of writing, before the US market close at 11:55 AM ET).

US Market News: The Wall Street opened in the red as economic indicators weighed down on the market. The US economy contracted by 32.9 percent on an annualized basis in the second quarter of 2020. The US Labor Department reported that jobless claims increased to 1.434 million for the week ended 25 July 2020. Among the gaining stocks, United Parcel Service shares surged by about 17.4 percent after the company reported earnings per share of USD 2.13 per share that was better than the market consensus. Procter & Gamble shares were up by close to 2.3 percent after the company reported better revenue underpinned by increased sales of cleaning product. Comcast shares were up by about 0.4 percent after the company reported earnings better than the estimates. Among the decliners, Yum China was down by about 5.9 percent after the company reported lower quarterly sales. Kraft Heinz's shares were down by close to 5.7 percent, although the company reported revenue better than the market consensus and reported an increase in organic sales.

US Stocks Performance (at the time of writing)

European News: London and the European markets opened in the red. The UK car production declined by 40 percent year on year for the first six months in 2020. The car production in the stated period was close to 381,000 unit. Among the gaining stocks, BAE Systems was up by about 3.6 percent after the company reported healthy order intake in first-half 2020. AstraZeneca shares increased by about 1.5 percent after the company reported increased second-quarter sales. Among the decliners, Shell was down by around 6.0 percent after the company reported lower earnings due to subdued energy prices and the coronavirus impact. Standard Chartered declined by close to 5.7 percent after the company posted a 33 percent decline in profits for first-half 2020. Anglo American's shares slide by close to 4.9 percent after the company reported 39 percent year on year fall in profit for first-half 2020.

European Indices Performance (at the time of writing)

 FTSE 100 Index Chart

1 Year FTSE 100 Index Performance (30 July 2020), before the market closed (Source: Refinitiv, Thomson Reuters)


Sectors traded in the negative zone*: Energy (-5.34%); Financials (-4.61%), and Telecommunications Services (-3.95%).

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 $43.55 per barrel, respectively.

Gold Price*: Gold price was trading at USD 1,946.40 per ounce, down by 0.35% from previous day closing.

Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3093 and 0.9046, respectively.

Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.538 per cent and 0.081 per cent, respectively.


*At the time of writing


The website is a service of Kalkine Media Ltd, Company Number 12643132. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform.


With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK