Real Estate & Technology Shares Pushed British Equities Marginally Higher

US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 7.61 points or 0.18 per cent lower at 4,222.28, Dow Jones Industrial Average Index dipped by 115.70 points or 0.33 per cent lower at 34,640.69, and the technology benchmark index Nasdaq Composite traded higher at 13,836.69, up by 22.20 points or 0.16 per cent against the previous day close (at the time of writing - 11:50 AM ET).

US Market News: The major indices of Wall Street traded on a mixed note as investors waited for the key inflation data to be released later this week. Among the gaining stocks, U.S. Concrete (USCR) shares surged by about 29.10% after the Company got agreed to be acquired by Vulcan Materials for approximately USD 1.29 billion. Microsoft (MSFT) shares rose by around 0.79% after the Company had won an approval to buy artificial intelligence company Nuance Communications in a USD 16 billion deal. Visa (V) shares went up by about 0.48% after the Company was upgraded by Piper Sandler from “neutral” to “overweight”. Among the declining stocks, KKR & Co (KKR) shares went down by about 1.64% after the Company agreed to buy Atlantic Aviation for almost USD 4.50 billion.

UK Market News: The London markets traded in a green zone as the strength of the housebuilding stocks neutralized the adverse impact of weakness in the mining stocks.

Taylor Wimpey shares rose by about 1.43% after Liberum Capital released an upbeat note on the UK Housebuilding sector and raised investment stance on the Company from “Hold” to “Buy’.

Reckitt Benckiser Group had agreed to sell the baby formula business in China to private equity firm Primavera for USD 2.2 billion. Moreover, the shares dropped by around 0.93%.


Global Market Round Up || Us Stocks Start Week On Hesitant Note As Blue-Chips Retreat


IWG shares plunged by around 9.00% after the Company had warned that underlying earnings for 2021 would remain below the levels of 2020 due to the prolonged impact of Covid-19 restrictions in several markets.

Mining Companies such as Antofagasta and Anglo American shares dropped by around 3.10% and about 3.09%, respectively, after the release of Chinese trade data. Moreover, they remained the worst performers on the FTSE 100 index.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 07 June 2021)

             1 Year FTSE 100 Chart (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: BT Group PLC (BT.A); Lloyds Banking Group PLC (LLOY); and Vodafone Group PLC (VOD).

Top 3 Sectors traded in green*: Technology (0.99%), Utilities (0.77%) and Real Estate (0.76%).

Top 3 Sectors traded in red*: Basic Materials (-0.87%), Healthcare (-0.74%) and Energy (-0.39%).

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 $71.50/barrel and $69.23/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,901.95 per ounce, up by 0.53% against the prior day closing.

Currency Rates*: GBP to USD: 1.4188; EUR to GBP: 0.8597.

Bond Yields*: US 10-Year Treasury yield: 1.567%; UK 10-Year Government Bond yield: 0.8130%.

*At the time of writing

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from an appropriately authorised and/or qualified financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.