US Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 8.25 points or 0.25% higher at 3,273.60, Dow Jones Industrial Average Index accelerated by 20.05 points or 0.07% higher and quoting at 28,843.82 and the technology benchmark index Nasdaq Composite traded higher at 9,208.85 and was up by 29.99 points or 0.33% against its previous day close (at the time of writing, before the U.S market close at ET 10:35 AM).
US News: On 13th January 2020, US Stocks opened on the rise, despite the soaring tensions between US and Iran. Terraform Power jumped 9.9 per cent after receiving an offer from Brookfield Renewable Partners. Alphabet was up 0.7 per cent, closing down on a US $1 trillion market capitalisation. Woodward and Hexcel, two of Boeing suppliers announced a merger, post which both stocks rose by 2.5 per cent and 5.5 per cent respectively. Ford Motor stocks were up by 0.4 per cent, following reporting a sales decline in China which was less as compared to the previous year. Lululemon Athletica upgraded its revenue and profit expectations and its stock surged by 2.5 per cent.
S&P 500 (SPX)
Top Performers*: Baxter International Inc, Ulta Beauty Inc, and Albemarke Corp are top gainers and increased by 4.10%, 3.41% and 2.83% respectively.
Worst Performers*: Abiomed Inc, Cigna Corp, and Advance Auto Parts are the top three laggards and decreased by 13.44%, 2.22% and 1.95% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Adaptimmune Therapeutics Inc, Dare Bioscience and Counterpath Corp are top gainers and increased by 203.01%, 110.78% and 37.76% respectively.
Worst Performers*: Acasti Pharma Inc, Artara Therapeutics Inc, and Aquestive Therapeutics Inc are the top three laggards and decreased by 71.93%, 28.41% and 21.94% respectively.
Top Performing Sectors*: Technology (up 0.59%), Utilities (up 0.55%) and Consumer Non-cyclicals (up 0.46%).
Worst Performing Sectors*: Healthcare (down 1.17%), Energy (down 0.38%) and Telecommunications (Down 1.17%).
Dow Jones Industrial Average (DJI)
Top Performers*: Visa Inc, Apple Inc, and Goldman Sachs Group Inc are top gainers and increased by 0.83%, 0.78% and 0.73% respectively.
Worst Performers*: United Health Group, Walt Disney Co, and International Business Machines are the top three laggards and decreased by 1.04%, 0.64% and 0.51% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 29.75 points or 0.39% higher at 7,617.60, the FTSE 250 index snapped 150.09 points or 0.70% higher at 21,716.76, and the FTSE All-Share Index ended 19.06 points or 0.45% higher at 4,225.78 respectively. Another European equity benchmark index STOXX 600 ended at 418.89, down by 0.75 points or 0.18 per cent.
European News: In Economic news, the financial services sector in United Kingdom has risen in the last quarter of 2019. The results of a survey published on Monday, 13 January 2020, stated that the business volume growth for the quarter ended a four year decline. The industry has faced due to the Pre-Brexit headwinds that the country had been facing since 2016. The survey which was conducted among ninety four Banks, Insurers and investment banking firms was done by CBI and accounting firm PwC. Andrew Kail of PwC speaking on behalf of the firm said that there is significant turnaround in optimism this time around compared to how it was in the past four years. In Business news, Travelex the foreign currency dealing firm today said that it is making good progress in restoring its systems after the ransomware attack by hackers on New Year’s Eve. The hackers had hacked into the company’s website and has threatened to make customer data public, contingent on non-payment of Ransom money of £4.6 million.
London Stock Exchange (LSE)
Leading Performers of the Day*: SPIRENT COMMUNICATIONS PLC (SPT), PENNON GROUP PLC (PNN) and XP POWER LD (XPP) were on the bright spot and rose by 15.40%, 7.40% and 7.17% respectively.
Worst Performers of the Day*: SUPERDRY PLC (SDRY), STOBART GROUP LD (STOB) and JUST GROUP PLC (JUST) are the major laggards and declined by 7.41%, 7.21% and 6.03% respectively.
FTSE 100 Index
FTSE-100 index performance in the previous five days (as on January 13, 2020), before the market closed. (Source: Thomson Reuters (TR))
Top Stocks of the Day*: SEVERN TRENT PLC (SVT), BAE SYSTEMS PLC (BA.), and EVRAZ PLC (EVR) were in the bright spot and leapt up by 3.29%, 3.00% and 2.53% respectively.
Worst Stocks of the Day*: NMC HEALTH PLC (NMC), LLOYDS BANKING GROUP PLC (LLOY), and ROYAL BANK OF SCOTLAND GROUP PLC (RBS) were the beaten-down stocks at the broader equity benchmark index FTSE 100 and decelerated by 4.33%, 2.15% and 2.00% respectively.
Top Volume Gainers of the Day*: LLOYDS BANKING GROUP PLC (LLOY), CENTRICA PLC (CNA), and BP PLC (BP.).
Elite Performing Sectors of the Day*: Utilities (up 1.46%), Consumer Cyclicals (up 0.64%), and Technology (up 0.59%).
Worst Performing Sectors of the Day*: Telecommunications Services (down 0.49%), Financials (down 0.31%), and Energy (down 0.09%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2996 and 0.8572, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.842%, and the UK 10-Year Government Bond yield was trading at 0.744%, respectively.
*At the time of writing
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.