US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 36.42 points or 0.83 per cent higher at 4,403.90, Dow Jones Industrial Average Index inclined by 200.46 points or 0.58 per cent higher at 35,023.81, and the technology benchmark index Nasdaq Composite traded higher at 14,805.50, up by 120.90 points or 0.82 per cent against the previous day close (at the time of writing – 11:55 AM ET).
US Market News: The major indices of Wall Street traded in a green zone after the impressive results by two social media giants. Among the gaining stocks, Snap (SNAP) shares surged by about 20.37% after the Company had posted a surprise quarterly profit. Twitter (TWTR) shares jumped by about 4.98% after the Company reported remarkable advertisement sales growth for the latest quarter. American Express (AXP) shares grew by about 3.64% after the Company reported quarterly earnings more than the consensus estimates. Among the declining stocks, Intel Corp (INTC) shares plunged by about 5.54% after the Company warned that the global chip shortage would remain till 2023.
UK Market News: The London markets traded in a green zone after the release of several macroeconomic indicators. The Office for National Statistics had reported around 0.5% monthly growth in the UK retail sales during June 2021 as compared to May 2021 boosted by the European Championship. Moreover, the UK Manufacturing PMI and Services PMI came out to be 60.4 and 57.8, respectively, during July 2021.
FTSE 100 listed Vodafone Group shares grew by about 2.41% after the Company reported a rise in the first quarter revenue boosted by robust business in Africa and Europe.
Beazley shares surged by around 5.57% after the Company had swung into profit during the first half of the current fiscal year, driven by significant improvements in premium rates across its divisions.
Premier Foods had anticipated full-year adjusted pre-tax profit to remain at the top-end of the expectations driven by an encouraging start to the year. Furthermore, the shares rose by around 5.41%.
Ultra Electronics shares climbed by around 32.17% after the Company had recommended a lucrative takeover bid of around 2.58 billion pounds from Cobham to the shareholders.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 23 July 2021)
1 Year FTSE 100 Chart (Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Vodafone Group Plc (VOD); Lloyds Banking Group Plc (LLOY); Rolls-Royce Holdings Plc (RR.).
Top 3 Sectors traded in green*: Technology (+1.61%), Consumer Non-Cyclicals (+1.26%) and Utilities (+1.19%).
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 $73.90/barrel and $71.86/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,801.55 per ounce, down by 0.10% against the prior day closing.
Currency Rates*: GBP to USD: 1.3756; EUR to GBP: 0.8558.
Bond Yields*: US 10-Year Treasury yield: 1.285%; UK 10-Year Government Bond yield: 0.5875%.
*At the time of writing