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US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 20.96 points or 0.61 per cent higher at 3,440.41, Dow Jones Industrial Average Index expanded by 64.11 points or 0.23 per cent higher at 28,367.57, and the technology benchmark index Nasdaq Composite traded higher at 11,430.67, up by 66.07 points or 0.58 per cent against the previous day close (at the time of writing, before the US market close at 12:10 PM ET).
US Market News: The Wall Street traded in the green amid the talks for the Covid-19 stimulus package. The US weekly job claims for the week ended 3 October 2020 were 840,000 against the expected claims of 825,000. Among the gaining stocks, shares of Eaton Vance zoomed by close to 47.7% after it agreed to be acquired by Morgan Stanley. Coty gained by around 7.6% after it announced the expansion of Kylie skin beauty product line. IBM surged by around 7.2% after it plans to spin off the managed infrastructure services unit into a separate company. Chevron was up close to 1.7% after the reports that it plans to cut 15% of the workforce. Among the decliners, Domino’s Pizza declined by approximately 7.5% after it reported quarterly earnings of USD 2.49 per share that was below the street’s expectation. McDonald slipped by around 0.6% after its global same-store sales fell by 2.2% during the quarter.
US Stocks Performance*
European News: The London and European markets traded in the green as hopes over the Brexit trade deal boosted the investor sentiment. The Bank of England’s governor Andrew Bailey stated that he expects that the UK and the European Union would be able to reach a trade deal. Among the gaining stocks, shares of Rolls Royce surged by nearly 12.9% as it led the FTSE-100 gain. Robert Walters gained close to 6.1% after it reinstated the interim dividend. GVC Holdings rose by about 3.9% after it raised the outlook for annual core earnings. Imperial Brands was up by around 0.5% after it stated that the tobacco net revenue would increase by about 1% for the full year. Unite Group was by close to 0.1% after it reported 89% booking for the academic year 2020/2021. Among the downward trending stocks, Hargreaves Lansdown plummeted around 5.4% after it reported a new business intake of £800 million for the quarter ended September 2020. EasyJet was down by close to 0.4% after it announced that it expects a full-year loss of £850 million.
European Indices Performance (at the time of writing)
FTSE 100 Index One Year Performance (as on 8 October 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.); International Consolidated Airlines Group SA (IAG).
Top 3 Sectors traded in green*: Energy (+2.56%), Technology (+1.57%) and Industrials (+1.20%).
Top Sector traded in red*: Basic Materials (-0.30%).
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 $43.38/barrel and $41.22/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,896.05 per ounce, up by 0.28% against the prior day closing.
Currency Rates*: GBP to USD: 1.2933; EUR to GBP: 0.9089.
Bond Yields*: US 10-Year Treasury yield: 0.768%; UK 10-Year Government Bond yield: 0.288%.
*At the time of writing
