London and US Markets’ Nudged Higher Ahead of Fed’s Jackson Hole Symposium

August 25, 2021 07:16 PM BST | By Team Kalkine Media
 London and US Markets’ Nudged Higher Ahead of Fed’s Jackson Hole Symposium
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 12.47 points or 0.28 per cent higher at 4,498.70, Dow Jones Industrial Average Index surged by 99.65 points or 0.28 per cent higher at 35,465.91, and the technology benchmark index Nasdaq Composite traded higher at 15,042.40, up by 22.60 points or 0.15 per cent against the previous day close (at the time of writing – 11:50 AM ET).

US Market News: The major indices of Wall Street traded in a green zone, with Nasdaq touching new highs boosted by the technology stocks. Among the gaining stocks, Toll Brothers (TOL) shares grew by around 3.33% after the Company reported quarterly earnings more than the consensus estimates. Among the declining stocks, Cassava Sciences (SAVA) shares plunged by around 19.89% after the Company stated all claims posted online as false and misleading. Express (EXPR) shares dropped by about 10.47%, even after the Company reported a surprise profit for the latest quarter. Shoe Carnival (SCVL) shares went down by about 5.60%, although the quarterly top-line revenue and bottom-line profitability had exceeded the Wall Street expectations.

UK Market News: The London markets traded in a green zone supported by healthcare and consumer stocks.

Grafton Group shares went up by about 3.97% after the Company had reported record interim profits and subsequently reinstated the dividend payments boosted by the Woodies business in Ireland.

FTSE 250 listed Rank Group shares rose by around 3.24% after it stated that HM Revenue and Customs would not appeal regarding VAT paid on slot machine income in the period from April 2006 to January 2013.

Top things to know before the ASX Opening Bell

Augean had agreed to be taken over by Eleia Limited in a lucrative deal worth approximately 325 pence per share in cash. Moreover, the shares climbed by around 17.54%.

Aviva shares grew by around 0.48% after Cevian Capital has increased its stake in the company to more than 5%.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 25 August 2021)

1 Year FTSE 100 Chart (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Rolls-Royce Holdings PLC (RR.) and International Consolidated Airlines Group S.A. (IAG).

Top 3 Sector traded in green*: Consumer Cyclicals (+1.07%), Financials (+1.00%) and Basic Materials (+0.56%).

Top 3 Sectors traded in red*: Utilities (-0.86%), Industrials (-0.51%) and Consumer Non-Cyclicals (-0.29%).

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 $71.12/barrel and $68.14/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,794.00 per ounce, down by 0.80% against the prior day closing.

Currency Rates*: GBP to USD: 1.3763; EUR to USD: 1.1772.

Bond Yields*: US 10-Year Treasury yield: 1.344%; UK 10-Year Government Bond yield: 0.5970%.

*At the time of writing


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next