US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 3.82 points or 0.11 per cent higher at 3,355.10, Dow Jones Industrial Average Index expanded by 279.51 points or 1.02 per cent higher at 27,712.99, and the technology benchmark index Nasdaq Composite traded lower at 10,938.79, down by 72.19 points or 0.66 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 opened mixed over hopes of the stimulus. The US President signed a few executive orders with regards to extend Covid-19 relief package. Among the gaining stocks, Nikola shares surged by close to 11.7 percent after the company received orders for all-electric refuse trucks. Marriott International shares were up by about 1.1 percent, although the company reported a loss in the second quarter more than the street's expectation. Among the decliners, Kodak shares plunged by about 30.4 percent after the US government blocked loan of USD 765 million to the company. Duke Energy's shares were down by close to 1.0 percent after the company incurred an after-tax charge of USD 1.6 billion related to the suspension of Atlantic coast gas pipeline. McDonald was down by 0.4 percent after the company sued its former CEO.
US Stocks Performance (at the time of writing)
European News: London and European market opened in green. As per the industry expert's data, the footfall at the retail destinations in the UK increased by 3.8 percent week on week for the week ended 9 August 2020. Among the gaining stocks, Superdry surged by close to 24.9 percent after the company announced that it would get a borrowing facility of £70 million from the lenders. Barclays was up by about 1.7 percent, although the company is being probed by the privacy watchdog of the UK. ContourGlobal was up by close to 1.4 percent after the company reported an increase in the half-year profit. Capita's shares were up by close to 0.9 percent after the company stated that it had got an extension on the contract with Transport for London. Among the decliners, Petropavlovsk was down by close to 7.9 percent after the company announced failure and acceptance of resolutions at its general meeting.
European Indices Performance (at the time of writing)
FTSE 100 Index Chart
1 Year FTSE 100 Index Performance (10 August 2020), before the market closed (Source: Refinitiv, Thomson Reuters)
Stocks traded with decent volume*: (LLOY) LLOYDS BANKING GROUP PLC; (VOD) VODAFONE PLC; (GLEN) GLENCORE PLC.
Sectors traded in the positive zone*: Energy (+1.98%); Basic Materials (+1.55%), and Financials (+0.79%).
Sectors traded in the negative zone*: Technology (-1.10%) and Healthcare (-0.58%).
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 $42.02 per barrel and $45.05 per barrel, respectively.
Gold Price*: Gold price was trading at USD 2,023.50 per ounce, up by 0.27% from previous day closing.
Currency Rates*: GBP to USD and EUR to GBP were hovering at 1.3068 and 0.8982, respectively.
Bond Yields*: U.S 10-Year Treasury yield and UK 10-Year Government Bond yield were trading at 0.572 per cent and 0.127 per cent, respectively.
*At the time of writing