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US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 44.63 points or 1.33 per cent lower at 3,312.38, Dow Jones Industrial Average Index contracted by 285.79 points or 1.02 per cent lower at 27,616.19, and the technology benchmark index Nasdaq Composite traded lower at 10,746.42, down by 163.85 points or 1.50 per cent against the previous day close (at the time of writing, before the US market close at 3:00 PM ET).
US Market News: The Wall Street opened in red as the US government bans Chinese apps Tik Tok and WeChat from Sunday. Meanwhile, the US current account deficit widened by 52.9 percent in Q2 2020 to USD 170.5 billion. Among the gaining stocks, Tesla moved up by around 5.1 percent, and it was leading the NASDAQ. Shares of United Parcel Service were up by close to 1.1 percent after it offered buyouts to some employees to curtail cost. Salesforce.com gained around 0.9 percent after its CEO tweeted that the company would create 12,000 jobs. Among the decliners, Delta Airlines was down by around 1.0 percent after the reports that it has closed a deal with pilots union to reduce the number of furloughs. Oracle was down by about 0.3 percent after US government announced the ban of WeChat and Tik Tok from 20 September 2020.
US Stocks Performance*
European News: The UK and European markets traded in the red as the UK puts new covid-19 restrictions to control the rising cases. As per the data released by the Office for National Statistics, the retail sales in the UK increased by 0.8 percent month on month in August 2020 above an expected increase of 0.7 percent. Among the gaining stocks, Fusion Antibodies skyrocketed by around 94.5 percent after the company released an update on its R&D programme. Shares of Trackwise Designs jumped by nearly 39.3 percent after it signed a manufacturing agreement with a UK based electric vehicle manufacturer. John Laing gained by close to 5.9 percent after the company sold 30 percent stake in one of its assets. LSE was up by close to 0.8 percent after it confirmed that it is in discussion with Euronext NV for sale of Borsa Italiana group. BEGO was up by around 0.2 percent after it signed a financing facility of USD 50 million with Citi. Among the decliners, shares of Easyjet plunged by close to 6.7 percent after the company announced the appointment of the new chief financial officer. Investec was down by close to 1.9 percent after it reported reduced client activity during the first half of the year.
European Index Performance*:
FTSE 100 Index One Year Performance (as on 18 September 2020)
1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); International Consolidated Airlines Group SA (IAG).
Top 3 Sectors traded in green*: Telecommunications Services (+0.95%), Technology (+0.86%) and Basic Materials (+0.82%).
Top 3 Sectors traded in red*: Energy (-1.67%), Consumer Cyclicals (-1.39%) and Consumer Non-Cyclicals (-1.00%).
London Stock Exchange: Stocks Performance (at the time of writing)
Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $43.06/barrel and $41.05/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,959.20 per ounce, up by 0.48% against the prior day closing.
Currency Rates*: GBP to USD: 1.2928; EUR to GBP: 0.9167.
Bond Yields*: US 10-Year Treasury yield: 0.694%; UK 10-Year Government Bond yield: 0.177%.
*At the time of writing
