US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 22.28 points or 0.69 per cent lower at 3,213.38, Dow Jones Industrial Average Index contracted by 169.75 points or 0.64 per cent lower at 26,482.58, and the technology benchmark index Nasdaq Composite traded lower at 10,363.19, down by 98.22 points or 0.94 per cent against the previous day close (at the time of writing, before the US market close at 12:10 PM ET).
US Market News: The Wall Street retreated as major indices opened in the red amid US-China trade concern. The new home sales in the US increased by 13.8 percent month on month in June 2020. Meanwhile, gold prices touched a new high and hovered around USD 1,900. Among the gaining stocks, Boeing was up by 0.3 percent although Federal Aviation Administration instructed probe for few 737 planes. Goldman Sachs was up by about 0.03 percent after the company settled criminal probe in Malaysia as it agreed to pay USD 3.9 billion. Among the decliners, Intel's shares were down by close to 15.1 percent after the company highlighted weak guidance for the third quarter and delay in next-generation chips. Disney was down by close to 0.6 percent after the company postponed the release of movie Mulan.
US Stocks Performance (at the time of writing)
European News: London and the European market retreated on Friday. The retail sales in the UK increased by 13.9 percent month on month in June as reported by the Office for National Statistics. Meanwhile, the UK's PMI index increased to 57.1 in July from 47.7 in June. Among the gaining stocks, Centrica surged by about 16.7 percent after it stated that NRG Energy would buy its North American, Direct Energy for USD 3.63 billion cash. Ferguson was up by about 1.7 percent after the company reported improved sales from May 2020 onwards. Among the decliners, Cineworld was down by close to 14.2 percent after the company postponed the reopening of movie theatres in the US. Vodafone was down by around 5.1 percent after the company reported that it would list its tower infrastructure business in Frankfurt in 2021. IAG's share was down by about 4.7 percent after the company renewed its partnership with American Express and it would receive USD 955 million as part of the deal. Similarly, AstraZeneca declined by about 1.1 percent, although the company received FDA approval for the drug to treat lung disease.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
3 months FTSE 100 Index Performance (24 July 2020), after the market closed (Source: Refinitiv, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE PLC; (IAG) INTERNATIONAL CONSOLIDATED AIRLINES GROUP S.A.
Sector traded in the positive zone*: Energy (+0.15%).
Sectors traded in the negative zone*: Telecommunications Services (-3.25%); Technology (-2.53%), and Healthcare (-0.85%).
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 $41.23 per barrel and $43.28 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,899.90 per ounce, up by 0.52% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.2789 and 0.9103, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.586 per cent and 0.143 per cent, respectively.
*At the time of writing
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