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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 75.39 points or 1.70 per cent lower at 4,357.60, Dow Jones Industrial Average Index dipped by 537.99 points or 1.56 per cent lower at 34,046.89, and the technology benchmark index Nasdaq Composite traded lower at 14,711.30, down by 332.60 points or 2.21 per cent against the previous day close (at the time of writing – 11:45 AM ET).
US Market News: The major indices of Wall Street traded in a red zone amid China's mounting debt problems. Among the gaining stocks, Pfizer (PFE) shares went up by around 1.26% after the trials indicated that the Covid vaccine was safe for children aged 5 to 11. Colgate-Palmolive (CL) shares grew by around 0.19% after Deutsche Bank upgraded the stock from “hold” to “buy”. Among the declining stocks, Laredo Petroleum (LPI) shares fell by around 5.22% amid a drop in crude oil price due to fears regarding the global economic slowdown. JPMorgan Chase & Co (JPM) shares dropped by around 3.56% due to a decline in bond yields on slowdown fears.
UK Market News: The London markets traded in a red zone, dragged down by the mining stocks. Moreover, travel stocks surged amid media reports regarding relaxation in the restrictions to be announced by Biden’s administration for vaccinated travellers from the EU and the U.K.
Royal Dutch Shell shares went down by about 1.48% after the Company planned to produce two million tonnes of low-carbon jet fuel by 2025.
Prudential shares plunged by around 8.48% after the Company had planned to raise 2 billion pounds through a public offer and international listing on the Hong Kong stock exchange.
AstraZeneca’s breast cancer drug Enhertu showed positive results in a late-stage trial. Meanwhile, the shares surged by around 4.87%.
SSE shares went up by around 0.46% after the Company responded to media speculations and confirmed that it had not yet decided regarding the split of the renewable energy business division.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 20 September 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group PLC (LLOY); International Consolidated Airlines Group S.A. (IAG.); Rolls-Royce Holdings PLC (RR).
Top Sectors traded in green*: Healthcare (+2.44%).
Top 3 Sectors traded in red*: Financials (-3.56%), Basic Materials (-2.47%), Energy (-1.37%).
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 $73.83/barrel and $70.06/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,761.95 per ounce, up by 0.60% against the prior day closing.
Currency Rates*: GBP to USD: 1.3651; EUR to USD: 1.1726.
Bond Yields*: US 10-Year Treasury yield: 1.307%; UK 10-Year Government Bond yield: 0.7865%.
*At the time of writing
