How the US & UK Market Fared in Monday’s Trading Session?

Global Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 30.18 points or 0.94% higher at 3,255.70, Dow Jones Industrial Average Index expanded by 279.30 points or 0.99% higher and quoting at 28,535.33 and the technology benchmark index Nasdaq Composite traded higher at 9,254.48 and was up by 103.55 points or 1.13% against its previous day close (at the time of writing, before the U.S market close at ET 9:55 AM).

 Global News: On 3rd February 2020, markets opened in the green, following a steep fall on the previous trading day. Tesla stocks were up by 3.7 per cent after agreeing to sign a battery supply deal with a Chinese vendor. Luckin Fire stocks were up by 2 per cent, after being upgraded by an analyst, despite a research company disclosing a short position on the company’s stock. Monster Beverages was upgraded by an analyst, following which its stock was up by 2.1 per cent. Check Point Software stocks were down by 1.7 per cent, despite reporting better than expected numbers, as investors did not seem happy with the operations of the company. Apple stocks were down by 0.3 per cent and fell to a 3-week low price. AbbVie products were being used to treat coronavirus in Thailand, following which the company’s stock shot up by 1.7 per cent.

 S&P 500 (SPX)

Top Performers*: Gilead Sciences Inc, Nike Inc, and Ulta Beauty Inc are top gainers and increased by 5.55%, 3.91% and 3.41% respectively.

Worst Performers*: Sysco Corp, ViacomCBS Inc, and HollyFrontier Corp are the top three laggards and decreased by 4.53%, 2.30% and 2.27% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Artelo Biosciences Inc, Insmed Inc, and BOQI International Medical Inc are top gainers and increased by 62.56%, 37.54% and 22.89% respectively.

Worst Performers*: Cleveland Biolabs Inc, Allied Healthcare Products Inc, and Napco Security Technologies Inc are the top three laggards and decreased by 23.17%, 22.62% and 18.84% respectively.

Top Performing Sectors*: Consumer Cyclicals (up 3.02%), Technology (up 1.39%) and Industrials (up 1.30%).

Worst Performing Sector*: Basic Materials (down 0.23%).

Dow Jones Industrial Average (DJI)

Top Performers*: Nike Inc, Merck & Co Inc, and International Business Machine Corporation are top gainers and increased by 4.07%, 2.36% and 2.15% respectively.

Worst Performers*: Exxon Mobil Corp, Verizon Communications Inc, and Chevron Corp are the top three laggards and decreased by 1.62%, 0.62% and 0.14% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 40.30 points or 0.55% higher at 7,326.31, the FTSE 250 index snapped 17.36 points or 0.08% higher at 21,160.85, and the FTSE All-Share Index ended 18.72 points or 0.46% higher at 4,076.19 respectively. Another European equity benchmark index STOXX 600 ended, up by 1.01 points or 0.25 per cent, at 411.72.

European News:  In economic news, The IHS Markit/CIPS purchasing managers’ index for United Kingdom manufacturing sector has confirmed that the sector in the country is finally turning around. The index rose to a no-change level in the month of January 2020 to stand at 50, while for the month of December 2019, it stood at 49.8. The index which is a measure of opinion of 400 purchasing managers in the country envisages the sector to be in expansion if the index measure is more than 50 and envisages it to be in contraction if the measure is below 50. Since the release of the December 2019 general election results, several leading economic indicators in United Kingdom has started to trend in the positive territory. In business news, Japanese car manufacturer Nissan has stated that it would pull out of Mainland Europe and ramp up its operations in United Kingdom if a deal is not reached between United Kingdom and European Union with regards to tariffs on cars.

London Stock Exchange (LSE)

Top LSE Companies in the Gainers list*: TED BAKER PLC (TED), REACH PLC (RCH) and KIER GROUP PLC (KIE) zoomed up by 16.83%, 8.42% and 7.88% respectively.

Top LSE Companies in the Laggards list*: NMC HEALTH PLC (NMC), FINABLR PLC (FIN) and LOOKERS PLC (LOOK) were in the red zone and declined by 20.43%, 13.07% and 6.70% respectively.

FTSE 100 Index

 FTSE-100 index 5-day performance – February 3^rd, 2020 (Source: Thomson Reuters)

Top FTSE 100 Companies in the Gainers list*: SCOTTISH MORTGAGE INV TST PLC (SMT), AUTO TRADER GROUP PLC (AUTO), and RENTOKIL INITIAL PLC (RTO) accelerated by 3.01%, 2.85% and 2.74% respectively.

Top FTSE 100 Companies in the Stragglers list*: NMC HEALTH PLC (NMC), POLYMETAL INTERNATIONAL PLC (POLY), ROYAL DUTCH SHELL PLC 'B' (RDSB), went down by 21.09%, 1.94% and 1.11% respectively.

Top FTSE 100 Companies in high Volume zone*: LLOYDS GRP. (LLOY), BP PLC (BP) and BT GROUP (BT.A).

Sectors in the positive zone*: Technology (up 1.80%), Telecommunications Services (up 1.33%, and Industrials (up 1.25%).

Sector in the negative zone*: Energy (down 0.64%).Â

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2999 and 0.8512, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.527%, and the UK 10-Year Government Bond yield was trading at 0.517%, respectively.Â

*At the time of writing