Positive Developments from US-China Dispute Helps FTSE 100 to Edge Higher

4 min read | November 15, 2019 11:10 PM GMT | By Team Kalkine Media

Global Markets: Stocks in the United Stated traded in green, with the Dow Jones Industrial Average Index traded at 27,953.44, up by 171.48 points or 0.62%, the broader S&P 500 index traded at 3,113.97, up by 17.34 points or 0.56% and the technology benchmark index Nasdaq traded at 8,525.05, up by 46.03 points or 0.54% (at the time of writing, before the U.S market close at 3:45 PM ET).

Global News: On 15th November 2019, Wall Street opened higher because of positive news that for now there will not be any major crackdown by Beijing in Hong Kong. Applied Materials posted strong earnings results for the fourth quarter, in the wake of which its stock surged by 6.1 per cent. Gurbhub stock was up by 4.4 per cent post Shake Shack reporting to a launch a new delivery service to be operated across the USA. Nike picked up its quarterly dividend by 11 per cent and its stock went up by 0.6 per cent. Aurora Cannabis announced a 23 per cent reduction in revenue and its stock lost 11.3 per cent in value post this news. NVIDIA was marginally up by 0.2 per cent after it posted earnings better than the market estimates. JC Penney stock gained 18.2 per cent after posted a smaller loss against expectations.

S&P 500 (SPX)*

Top Performers: Applied Materials Inc, Helmerich and Payne Inc and Danaher Corp are top gainers and increased by 7.64%, 5.54% and 2.83% respectively.

Worst Performers:Â Whirlpool Corp, Newell Brands Inc and SBA Communications Corp are the top three laggards and decreased by 1.57%, 0.85% and 0.74% respectively.

NASDAQ Composite (IXIC)*

Top Performers:Â Senmiao Technology Ltd, Sphere 3D Corp, and Plus Therapeutics Inc are top gainers and increased by 231.76%, 27.28% and 23.01% respectively.

Worst Performers:Â resTORbio Inc, Yeild10 Bioscience Inc and Anchiano Therapeutics Ltd are the top three laggards and decreased by 80.50%, 46.32% and 31.70% respectively.

Top Performing Sectors*: Energy (up 0.80%), Technology (up 0.69%) and Healthcare (up 0.55%).

Worst Performing Sectors*: Telecommunications Services (down 0.71%), and Utilities (down 0.10%).

Dow Jones Industrial Average (DJI)*

Top Performers:Â Caterpillar Inc, Cisco Systems Inc and Intel Corp are top gainers and increased by 1.23%, 1.22% and 1.14% respectively.

Worst Performers:Â Walt Disney Co and Walmart Inc are the top two laggards and decreased by 0.67% and 0.65% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 10.18 points or 0.14% higher at 7,302.94, the FTSE 250 index snapped 172.60 points or 0.85% higher at 20,404.40, and the FTSE All-Share Index ended 11.04 points or 0.28% higher at 4,031.99. Another European equity benchmark index STOXX 600 ended at 406.04, up by 1.63 points or 0.40 per cent.

European News: In an announcement which took the Labour party furthest to the left, Labour leader Jeremy Corbyn said in a speech that if he wins, his government will make broadband free for everybody by nationalising broadband network of BT, which bolster claims by the Conservative party that the opposition party wants to be the most radical socialist government in British history. After the UK failed to name a representative for the new European Commission that is due to take over from 1 December, the European Commission launched a legal case on Thursday against Britain, giving the country until 22 November to respond. As concerns about the broader economic outlook weighed on hopes for a Conservative majority in the upcoming elections, sterling was down slightly against a stronger dollar.

London Stock Exchange (LSE)

Top Performers*: PETRA DIAMONDS LD (PDL), FIRSTGROUP PLC (FGP) and SPEEDY HIRE PLC (SDY) are top performers of the day and up by 9.12%, 6.64% and 5.36% respectively.

Worst Performers*: PURETECH HEALTH PLC (PRTC), PENDRAGON PLC (PDG) and FRESNILLO PLC (FRES) are the top three laggards of the day and down by 9.09%, 5.56% and 3.83% respectively.

FTSE 100 Index

FTSE 100 Index Chart: 5-days Price Performance (as on November-15-2019), before the market closed. (Source: Thomson Reuters)

Performers*: WHITBREAD PLC (WTB), NMC HEALTH PLC (NMC) and INTL CONSOLIDATED AIRLINES GROUP SA (IAG) are the top three gainers in today’s session and up by 3.51%, 2.58% and 2.51% respectively.

Laggards*: FRESNILLO PLC (FRES), VODAFONE GROUP PLC (VOD), and HISCOX LD (HSX) are top laggards at the FTSE 100 index and down by 3.93%, 3.08% and 3.04% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BT Group PLC (BT.A).

Top Performing Sectors*: Basic Materials (+0.65), Consumer Cyclicals (+0.43%) and Financials (+0.15%).

Worst Performing Sectors*: Telecommunications Services (-2.52%), Consumer Non-Cyclicals (-1.06%) and Healthcare (-1.01%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2904 and 0.8565, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.834%, and the UK 10-Year Government Bond yield was trading at 0.726%, respectively.

*At the time of writing


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