Global Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 3.71 points or 0.12% higher at 3,195.16, Dow Jones Industrial Average Index expanded by 23.40 points or 0.08% and quoting at 28,259.29 and the technology benchmark index Nasdaq Composite traded higher at 8,815.16 and was up by 0.93 points or 0.01% against its previous day close (at the time of writing, before the U.S market close at ET 10:30 AM).
Global News: On 17th December 2019, the US stocks opened in the green with Boeing stock went a further 1.6 per cent down as the news of it stopping the production of its 737 MAX Jet was still settling in with the investors. One of Boeing supplier, Aerosystems, which provided the 737 MAX Jet’s fuselage, was also down by 6.2 per cent. Other suppliers, such as General Electric (Provider of Engines) and Safran (JV Partner in France) were down by around 2.5 per cent each at the time of writing. Unilever’s ADR was down to a four month low, falling by 6.1 per cent, because the company was expected to be short on its sales forecast for H1 2020. News sources reported that Roku CFO Steve Louden was expected to step down, post which its stock fell by 2.9 per cent.
S&P 500 (SPX)
Top Performers*: NortonLifeLock Inc, Archer Daniels Midland Co and Noble Energy Inc are top gainers and increased by 1.85%, 1.74% and 1.71% respectively.
Worst Performers*: Alexion Pharmaceuticals Inc, Baxter International Inc, and Estee Lauder Companies Inc are the top three laggards and decreased by 3.42%, 1.92% and 1.79% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Achieve Life Sciences Inc, Bellerofon Therapeutics Inc, and Renewable Energy Group Inc are top gainers and increased by 48.51%, 39.95% and 39.17% respectively.
Worst Performers*: Proteostasis Therapeutics Inc, China Ceramics Co Ltd and MEI Pharma Inc are the top three laggards and decreased by 46.21%, 25.98% and 22.71% respectively.
Top Performing Sectors*: Energy (up 1.62%), Consumer Non-Cyclicals (up 0.25%) and Technology (up 0.14%).
Worst Performing Sectors*: Industrials (down 0.02%), Consumer Cyclicals (down 0.12%) and Basic Materials (down 0.13%).
Dow Jones Industrial Average (DJI)
Top Performers*: Nike Inc, Johnson & Johnson, and Home Depot Inc are top gainers and increased by 0.79%, 0.75% and 0.72% respectively.
Worst Performers*: Boeing Co, Walgreens Boots Alliance Inc, and UnitedHealth Group Inc are the top three laggards and decreased by 0.92%, 0.52% and 0.39% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 6.23 points or 0.08% higher at 7,525.28, the FTSE 250 index snapped 230.49 points or 1.05% lower at 21,690.20, and the FTSE All-Share Index ended 4.43 points or 0.11% lower at 4,179.54 respectively. Another European equity benchmark index STOXX 600 ended at 414.90, down by 2.85 points or 0.68 per cent.
European News: In economic news, the United Kingdom factory output volumes have the worst in the quarter ending December 2019 in the past decade. The output is the worst since the financial crisis of 2008 era with expansion happening in only six out of seventeen sub-sectors of the economy. In other news, the British Pound Sterling traded weak today amidst fears of Prime minister Boris Johnson reiteration to get Brexit done by end of 2019 giving no heed to the fact that a deal would be very difficult to arrive at within that time frame. In business news, most of the banks and other lending institutions in the United Kingdom have passed the stress test as has been stated by the Bank of England, the bank has however warned that some of the larger well known banks would have to cut deep into their bonuses, dividends and other such pay-outs to order to preserve their positions.
London Stock Exchange
Best Performers*: INTERNATIONAL PERSONAL FINANCE PLC (IPF), VP PLC (VP.) and CHEMRING GROUP PLC (CHG) were on the bright spot for the day and up by 10.78%, 6.52% and 5.24% respectively.
Worst Performers*: NMC HEALTH PLC (NMC), FINABLR PLC (FIN) and SENIOR PLC (SNR) are the top three laggards of the day and down by 32.92%, 18.33% and 9.02% respectively.
FTSE 100 Index
5-days Price Performance Chart of FTSE-100 Index (as on December-17-2019), before the market closed. (Source: Thomson Reuters)
Performers*: ROYAL DUTCH SHELL PLC 'B' (RDSB), ROYAL DUTCH SHELL PLC 'A' (RDSA) and SCOTTISH MORTGAGE INV TST PLC (SMT) are the top three gainers in today’s session and up by 2.78%, 2.44% and 1.97% respectively.
Laggards*: NMC HEALTH PLC (NMC), UNILEVER PLC (ULVR), and LLOYDS BANKING GROUP PLC (LLOY) are top laggards at the FTSE 100 index and down by 33.69%, 6.46% and 5.58% respectively.
Volume Gainers*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and TESCO PLC (TSCO).
Best Performing Sectors*: Energy (up 2.24%), Utilities (up 0.94%) and Basic Materials (up 0.41%).
Worst Performing Sectors*: Consumer Non-Cyclicals (down 2.43%), Financials (down 1.09%), and Consumer Cyclicals (down 0.74%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3115 and 0.8501, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.875%, and the UK 10-Year Government Bond yield was trading at 0.757%, respectively.
*At the time of writing