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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 46.54 points or 1.12 per cent higher at 4,202.40, Dow Jones Industrial Average Index surged by 219.51 points or 0.64 per cent higher at 34,427.35, and the technology benchmark index Nasdaq Composite traded higher at 13,674.33, up by 203.34 points or 1.51 per cent against the previous day close (at the time of writing - 11:30 AM ET).
US Market News: The major indices of Wall Street traded in a green zone as investors geared up for key inflation readings later this week. Among the gaining stocks, Virgin Galactic Holdings (SPCE) shares climbed by about 16.28% after the Company had completed a successful test flight of SpaceShipTwo craft over the weekend. Beyond Meat (BYND) shares grew by about 7.26% after the Company was double upgraded by Jefferies from “underperform” to “outperform”. Moderna (MRNA) shares went up by around 2.37% after the Company had signed a vaccine production agreement with South Korea’s Samsung Biologics. Palantir Technologies (PLTR) shares rose by about 0.87% after the Company had won a contract worth USD 32.5 million to render the software services to the Air Force and Space Force.
UK Market News: The London markets traded in a green zone after the latest commodity warnings from China had sparked hopes that inflationary pressure might ease, and higher oil price had lifted the energy stocks.
IT service provider Kainos Group shares dropped by around 3.54%, even after the Company had shown a jump of more than 100% in the annual profit as most companies preferred and invested in the organizational shift towards digital operations during the pandemic.
FTSE 250 listed Cineworld Group had reported a strong opening weekend in the UK after the reopening of the economy lifted by the success of Peter Rabbit 2: The Runaway. Furthermore, the shares surged by around 3.55%.
Hilton Food Group shares went down by around 0.49% after the Company had warned of the high Covid-19 related costs at the start of 2021. However, the trading performance remained resilient so far.
MJ Gleeson shares rose by about 0.81% after the Company had indicated that full-year results are set to be ahead of the market expectations driven by the strong demand for new homes.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 24 May 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Vodafone Group Plc (VOD); Lloyds Banking Group Plc (LLOY); BT Group Plc (BT.A).
Top 3 Sectors traded in green*: Technology (+0.95%), Consumer Cyclicals (+0.85%) and Real Estate (+0.56%).
Top Sector traded in red*: Basic Materials (-0.41%).
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 $68.41/barrel and $65.97/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,883.50 per ounce, up by 0.36% against the prior day closing.
Currency Rates*: GBP to USD: 1.4157; EUR to GBP: 0.8630.
Bond Yields*: US 10-Year Treasury yield: 1.606%; UK 10-Year Government Bond yield: 0.8100%.
*At the time of writing
