Markets in Anticipation of Trump’s Speech Regarding Trade Policy

  • Nov 12, 2019 GMT
  • Team Kalkine
Markets in Anticipation of Trump’s Speech Regarding Trade Policy

Global Markets: Stocks in the United States traded in the green, with the Dow Jones Industrial Average Index traded marginally higher at 27,744.47, up by 52.98 points or 0.19%, the broader S&P 500 index traded 11.74 points or  0.38% higher at 3,098.75, and the technology benchmark index Nasdaq Composite improved 41.95 points or 0.50% at 8,506.23 (at the time of writing, before the U.S market close at 2:00 PM ET).

Global News: On 12th November 2019, Wall Street opened as a mixed bag in the anticipation of US President Donald Trump making a statement on the US Trade and Economic policy. Linde stock rose by 1.4 per cent after it raised its guidance for full year earnings for the third time this year. Craft Brew was massively up by 122 per cent after news reports suggesting that Busch Inbev might buy its remaining shareholders for US $321 million. Nissan Motor stock was down by 0.3 per cent post the company downgrading its guidance on profits and sales this year. Tyson Foods stock was down by approximately 2.1 per cent after reporting earnings short of market estimates. Disney Plus streaming service is launching today, ahead of which the Walt Disney stock jumped 0.8 per cent. Advanced Auto Parts beat the market estimates in Profits but was short on sales and its stock tumbled by 5 per cent.

S&P 500 (SPX)*

Top Performers: Rockwell Automation Inc, DXC Technology Co and D R Horton Inc are top gainers and increased by 10.56%, 6.36% and 5.36% respectively.

Worst Performers: Advance Auto Parts Inc, Nordstrom Inc, and CBS Corp are the top three laggards and decreased by 6.11%, 3.02% and 2.91% respectively.

NASDAQ Composite (IXIC)*

Top Performers: Craft Brew Alliance Inc, Applied DNA Sciences Inc, and Synchronoss Technologies Inc are top gainers and increased by 121.01%, 47.27% and 29.85% respectively.

Worst Performers: Solid Biosciences Inc, Fluent Inc and Helius Medical Technologies Inc are the top three laggards and decreased by 70.91%, 40.94% and 23.81% respectively.

Top Performing Sectors: Telecommunication Services (up 1.19%), Energy (up 0.56%) and Technology (up 0.31%).

Worst Performing Sectors: Basic Materials (down 0.06%), Financials (down 0.15%) and Industrials (down 0.17%).

Dow Jones Industrial Average (DJI)*

Top Performers: Nike Inc, Merck & Co Inc and Chevron Corp are top gainers and increased by 0.84%, 0.82% and 0.51% respectively.

Worst Performers: Boeing Co, Pfizer Inc and Walgreens Boots Alliance Inc are the top three laggards and decreased by 1.05%, 0.38%, and 0.37% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 36.90 points or 0.50% higher at 7,365.44, the FTSE 250 index snapped 17.14 points or 0.08% higher at 20,427.17, and the FTSE All-Share Index ended 16.97 points or 0.42% higher at 4,060.54 respectively. Another European equity benchmark index STOXX 600 ended at 406.90, up by 1.56 points or 0.38 per cent.

European News: The United Kingdom currency has energized over 1 per cent during the last month post Prime Minister Boris Johnson's Brexit negotiations and as his Conservative party holding a lead in assessments of public sentiment. While it increased further ground this week on Nigel Farage's vow to keep away from rivalry, in choices markets financial specialists stay wary and proceeding to anticipate shortcoming. The movement in Pound Sterling has been an indicator for the risk in the three-year Brexit process but the real test would be aftereffect of the election, which will decide the way for the United Kingdom’s exit from the European Union.

London Stock Exchange*

Top Performers: PREMIER FOODS PLC (PFD), OXFORD INSTRUMENTS PLC (OXIG), and ZOTEFOAMS PLC (ZTF) were top gainers and leapt up by 8.10%, 6.99% and 6.78% respectively.

Worst Performers: ELECTROCOMPONENTS PLC (ECM), ARROW GLOBAL GROUP PLC (ARW), and KIER GROUP PLC (KIE) were the top three laggards and dipped by 11.28%, 9.26% and 6.55% respectively.

FTSE 100 Index*

5 days share price performance (November-12-2019) before the market closed (Chart sourced from Thomson Reuters)

Top Gainers: VODAFONE GROUP PLC (VOD), AVEVA GROUP PLC (AVV) and UNITED UTILITIES GROUP PLC (UU.) were top performers and accelerated by 4.39%, 3.33% and 3.15% respectively.

Top Laggards: DCC PLC (DCC), FRESNILLO PLC (FRES) and TESCO PLC (TSCO) were the poor performers and tumbled by 5.91%, 3.14% and 1.56% respectively.

Volume Leaders: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (GLEN) GLENCORE PLC.

Best Performing Sectors: Telecommunications Services (up by 3.10%), Utilities (up by 1.68%) and Basic Materials (up 0.70%).

Worst Performing Sector: Consumer Non-Cyclicals (down 0.01%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2851 and 0.8564, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.930%, and the UK 10-Year Government Bond yield was trading at 0.802%, respectively. 

*At the time of writing

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