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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 9.49 points or 0.23 per cent higher at 4,168.62, Dow Jones Industrial Average Index surged by 220.62 points or 0.65 per cent higher at 34,304.77, and the technology benchmark index Nasdaq Composite traded lower at 13,505.00, down by 30.74 points or 0.23 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 on a mixed note, driven by an increase in manufacturing PMI and services PMI for May 2021. Among the gaining stocks, Ford Motor (F) shares jumped by about 2.28% after the Company had announced 20,000 reservations for its new electric F-150 pickup. AT&T (T) shares went up by around 1.28% after UBS upgraded its investment stance from “Neutral” to “Buy”. Ross Stores (ROST) shares grew by about 0.75% after the Company had reported better-than-expected earnings during the first quarter. Home Depot (HD) shares rose by about 0.40% after the hardware retailer announced a new USD 20 billion share repurchase program.
UK Market News: The London markets remained flat after the release of various macro-economic indicators today. Moreover, the retail sales volumes had witnessed a spike during April 2021 as it had shown a monthly increase of around 9.2%, illustrating the positive impact of relaxation of the Covid-19 restrictions. Furthermore, the IHS Markit/CIPS UK manufacturing PMI came out to be 66.1 during May 2021, while it was 60.7 for April 2021.
Builders’ Merchant Travis Perkins shares jumped by around 0.43% after the Company had sold its plumbing & heating distribution arm for around 325 million pounds in a cash deal.
Waste Management Group Biffa had agreed to purchase Viridor’s collections business and recycling assets for around 126 million pounds. However, the shares surged by around 6.82%.
Diversified Energy Company shares plunged by around 8.67% after the Company had raised USD 225 million from a placing & open offer to fund the acquisition of certain upstream assets.
Close Brothers Group shares jumped by about 1.58% after the Company had reported a solid third-quarter boosted by new banking business and robust trading performance.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 21 May 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); BT Group Plc (BT.A).
Top 3 Sectors traded in green*: Energy (+0.85%), Basic Materials (+0.41%) and Industrials (+0.40%).
Top 3 Sectors traded in red*: Real Estate (-0.32%), Utilities (-0.50%) and Consumer Non-Cyclicals (-0.12%).
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 $66.59/barrel and $63.70/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,878.15 per ounce, down by 0.20% against the prior day closing.
Currency Rates*: GBP to USD: 1.4152; EUR to GBP: 0.8605.
Bond Yields*: US 10-Year Treasury yield: 1.627%; UK 10-Year Government Bond yield: 0.8290%.
*At the time of writing
