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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 30.84 points or 0.75 per cent lower at 4,097.00, Dow Jones Industrial Average Index dipped by 293.36 points or 0.86 per cent lower at 33,767.30, and the technology benchmark index Nasdaq Composite traded lower at 13,228.98, down by 74.65 points or 0.56 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 red zone after the crash of crypto assets. Among the gaining stocks, Target (TGT) shares jumped by about 4.48% after the Company had reported around 22.9% growth in comparable-store sales during the first quarter. Take-Two Interactive (TTWO) shares went up by about 4.21% after the Company had earned 94 cents a share for the fourth quarter. JD.Com (JD) shares rose by around 0.83% after the Company had reported first-quarter revenue and profit more than the expectations. Among the declining stocks, MicroStrategy (MSTR) shares went down by about 10.61% after the price of bitcoin had shown a significant drop.
UK Market News: The London markets traded in a red zone after the release of UK inflation data. The Office for National Statistics had reported that the UK Consumer Price Index (“CPI”) inflation grew to 1.5% during April 2021 against 0.7% in March 2021.
FTSE 100 listed Ferguson shares went up by about 1.94% after the Company had delivered significant growth in top-line and bottom-line business during the third quarter of FY21. Moreover, it had raised the financial guidance.
Media Group Future had shown a jump of more than 100% in the adjusted operating profit during H1 FY21. Moreover, the shares climbed by around 11.11%.
Premier Foods shares went down by around 0.58%, even after the Company had reinstated the dividend payments after 13 years as the business got boosted by home consumption food habits during the pandemic.
Homeware Retailer Dunelm Group shares surged by about 6.58% after the Company had forecasted annual pre-tax profit to be significantly ahead of analysts’ expectations driven by strong performance after the reopening of the UK economy.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 19 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); Royal Dutch Shell Plc (RDSA).
Top 3 Sectors traded in red*: Basic Materials (-3.75%), Energy (-3.14%) and Consumer Cyclicals (-1.47%).
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 $66.74/barrel and $63.48/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,872.65 per ounce, up by 0.25% against the prior day closing.
Currency Rates*: GBP to USD: 1.4130; EUR to GBP: 0.8630.
Bond Yields*: US 10-Year Treasury yield: 1.683%; UK 10-Year Government Bond yield: 0.8510%.
*At the time of writing
