US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 11.47 points or 0.36 per cent higher at 3,227.10, Dow Jones Industrial Average Index expanded by 76.51 points or 0.29 per cent higher at 26,546.40, and the technology benchmark index Nasdaq Composite traded higher at 10,441.36, up by 78.19 points or 0.75 per cent against the previous day close (at the time of writing, before the US market close at 12:05 PM ET).
US Market News: The Wall Street advanced as major indices opened in the green. The Republicans are expected to announce stimulus package of close to USD 1 trillion for the US economy that could include USD 1,200 payment to the US citizens. The Gold prices touched an all-time high, and it was trading at USD 1,936 per ounces (as on 27 July 2020, before the market close at 3:00 PM GMT+1). Among the gaining stocks, Moderna was up by close to 6.7 percent after the company started stage 3 study of the coronavirus vaccine and received funding of USD 472 million from the US government for vaccine development. Under Armour shares were up by about 2.0 percent although the company's executive received notice from SEC for the probe related to irregularities. Among the decliners, Boeing's shares were down by close to 1.4 percent after the company plans to delay the new 777X jet by one year. Johnson & Johnson was down by close to 0.1 percent after the company stated that the settlements related to opioid could impact the result significantly.
US Stocks Performance (at the time of writing)
European News: As per the Bank of England's reported data, in June 2020, the gross capital issued by UK residents was £71.6 billion. Meanwhile, the UK government mandated two weeks quarantine for travellers returning from Spain. Among the gaining stocks, Indivior surged by about 34.6 percent after the company agreed to pay USD 600 million related to charges of fraud in the marketing of Suboxone Tablet. City Pub was up by about 4.8 percent after the company reported improved performance in the first three weeks post reopening. Antofagasta was up by 2.5 percent after the union at the company's copper mine in Chile agreed for the government mediated negotiation. Among the decliners, Easyjet was down by close to 7.7 percent after the UK government's stand against non-essential travel. HSBC was down by around 2.9 percent after the company denied media claims of HSBC framing against Huawei. Similarly, AstraZeneca was down by about 0.1 percent after the company stated that it would pay USD 6 billion to Daiichi Sankyo for cancer drug collaboration.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (27 July 2020), before the market closed (Source: Refinitiv, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (MRO) MELROSE INDUSTRIES PLC; (VOD) VODAFONE GROUP PLC.
Sectors traded in the positive zone*: Basic Materials (+2.20%) and Technology (+0.55%).
Sectors traded in the negative zone*: Telecommunications Services (-2.45%); Financials (-1.05%), and Consumer Cyclicals (-0.73%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: WTI crude oil (future) price and Brent future crude oil (future) price were hovering at $41.66 per barrel and $44.01 per barrel, respectively.
Gold Price*: Gold price was trading at USD 1,930.55 per ounce, up by 1.74% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.2872 and 0.9122, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.610 per cent and 0.116 per cent, respectively.
*At the time of writing