Markets In Anticipation: Trump’s Speech Regarding Trade Policy

  • Nov 13, 2019 GMT
  • Team Kalkine
Markets In Anticipation: Trump’s Speech Regarding Trade Policy

Global Markets: Stocks in the United States were traded in mix, with the Dow Jones Industrial Average Index traded 28.72 points or 0.10% higher at 27,720.21, the broader S&P 500 index traded 2.72 points or  0.09% lower at 3,089.12, and the technology benchmark index Nasdaq Composite slumped 23.03 points or 0.27% at 8,463.06 (at the time of writing, before the U.S market close at 2:20 PM ET).

Global News: Wall Street opened lower on 13th November 2019 due to trade worries and Hong Kong unrest. News reports suggested that Google and Citigroup are expected to launch Checking accounts together from next year. The stocks were down post this news by 0.5 per cent and 0.7 per cent respectively. Canadian Goose reported earnings much higher than anticipations of the market and in lieu of this, the stock was up by around 7.2 per cent.  Tesla announced that they would be building a Battery factory in Berlin post which its stock jumped 1.8 per cent. Amazon.com stock was down by 0.3 per cent as its rival streaming service Disney Plus was launched. SmileDirectClub stock was down in value by 8.1 per cent as it posted a steep loss in the trailing quarter.

S&P 500 (SPX)*

Top Performers: Newmont Goldcorp Corp, Expedia Group Inc and Church & Dwight Co Inc are top gainers and increased by 1.40%, 1.13% and 1.01% respectively.

Worst Performers: Skyworks Solutions Inc, Mosaic Co, and Albemarle Corp are the top three laggards and decreased by 4.00%, 3.01% and 2.91% respectively.

NASDAQ Composite (IXIC)*

Top Performers: Nortech Systems Inc, Therapix Biosciences Ltd, and Cardlytics Inc are top gainers and increased by 158.42%, 32.64% and 28.01% respectively.

Worst Performers: Nuvectra Corp, Applied DNA Sciences Inc and Melinta Therapeutics Inc are the top three laggards and decreased by 76.98%, 71.11% and 45.50% respectively.

Top Performing Sectors: Utilities (up 0.55%) and Consumer Non-Cyclicals (up 0.08%).

Worst Performing Sectors: Basic Materials (down 0.16%), Technology (down 0.21%) and Consumer Cyclicals (down 0.33%).

Dow Jones Industrial Average (DJI)*

Top Performers: Coca-Cola Co, Proctor & Gamble Co and Nike Inc are top gainers and increased by 0.89%, 0.60% and 0.54% respectively.

Worst Performers: Dow Inc, Goldman Sachs Group Inc and Caterpillar Inc are the top three laggards and decreased by 1.79%, 1.44%, and 1.18% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 14.23 points or 0.19% lower at 7,351.21, the FTSE 250 index snapped 137.39 points or 0.67% lower at 20,289.78, and the FTSE All-Share Index ended 11.62 points or 0.29% lower at 4,048.92 respectively. Another European equity benchmark index STOXX 600 ended at 405.86, down by 1.04 points or 0.26 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. 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: HOSTELWORLD GROUP PLC (HSW), WINCANTON PLC (WIN), and COCA-COLA HBC AG (CCH) were top gainers and leapt up by 7.30%, 6.12% and 6.10% respectively.

Worst Performers: TULLOW OIL PLC (TLW), PENDRAGON PLC (PDG), and CINEWORLD GROUP PLC (CINE) were the top three laggards and dipped by 27.32%, 9.06% and 6.64% respectively.

FTSE 100 Index

1 year share price performance (November-13-2019) after the market closed (Chart sourced from Thomson Reuters).

Top Gainers: COCA-COLA HBC AG (CCH), OCADO GROUP PLC (OCDO) and FRESNILLO PLC (FRES) were top performers and accelerated by 6.10%, 5.49% and 4.76% respectively.

Top Laggards: ITV PLC (ITV), BRITISH LAND CO PLC (BLND) and HARGREAVES LANSDOWN PLC (HL) were the poor performers and tumbled by 3.58%, 3.30% and 3.27% respectively.

Volume Leaders: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE GROUP PLC; (CNA) CENTRICA PLC.

Best Performing Sectors: Healthcare (up 1.14%), Utilities (up 0.83%) and Technology (up 0.64%).

Worst Performing Sectors: Financials (down 1.33%), Basic Materials (down 0.64%), and Consumer Cyclicals (down 0.36%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2839 and 0.8569, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.872%, and the UK 10-Year Government Bond yield was trading at 0.767%, respectively.

 

*At the time of writing

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