UK and European Markets’ Edged Lower at Close of Trade; Shares of Calisen Soared by 24.69%

3 min read | December 11, 2020 05:37 PM GMT | By Team Kalkine Media

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 14.80 points or 0.40 per cent lower at 3,653.30, Dow Jones Industrial Average Index declined by 67.57 points or 0.23 per cent lower at 29,931.69, and the technology benchmark index Nasdaq Composite traded lower at 12,359.45, down by 46.36 points or 0.37 per cent against the previous day close (at the time of writing, before the US market close at 10:45 AM ET).

US Market News: The Wall Street traded in the red as the doubt over stimulus looms. The PPI in the US increased by 0.1% month on month in November 2020 that was below the expected increase of 0.2%. Among the gaining stocks, Walt Disney gained around 7.4% after the company said it has now 86.8 million subscribers. Among the declining stocks, shares of NIO plunged by close to 6.0% after the company plans to sell close to 69 million US shares to raise capital. Lululemon shares fell by around 5.1% after the company earned $1.16 per share. Qualcomm declined by about 4.4%, and Apple was down by nearly 1.7% after the reports that its own cellular devices will be used in future devices.

US Stocks Performance*

European News: The London and European markets traded in the red as the UK Prime Minister says that the no-trade deal Brexit is very likely. The UK cuts self-isolation period to ten days for domestic contacts.  Among the gaining stocks, Trufin was up by around 21.1% after the company announced that Satago has entered into a commercial pilot with Lloyds Bank. Shares of Asiamet Resources gained around 17.7% after it updated for the sale process for the KSK Contract of Work. Spirax-Sarco rose about 2.1% and gained the most on the FTSE-100 index. Among the decliners, Altitude was down by about 8.8% after the company reported that covid-19 has resulted in extended cash collection timescales. Bellway slipped by around 0.3%, although the order book is substantial and with the strong sales demand. 

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 11 December 2020)

        1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Rolls-Royce Holdings Plc (RR.); Barclays Plc (BARC).

Top 3 Sectors traded in red*: Real Estate (-1.62%), Energy (-1.27%) and Financials (-1.21%).

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 $50.04/barrel and $46.58/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,843.55 per ounce, up by 0.33% against the prior day closing.

Currency Rates*: GBP to USD: 1.3220; EUR to GBP: 0.9164.

Bond Yields*: US 10-Year Treasury yield: 0.892%; UK 10-Year Government Bond yield: 0.172%.

 

*At the time of writing


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