US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 21.67 points or 0.62 per cent lower at 3,467.00, Dow Jones Industrial Average Index contracted by 128.49 points or 0.45 per cent lower at 28,385.51, and the technology benchmark index Nasdaq Composite traded lower at 11,661.52, down by 107.21 points or 0.91 per cent against the previous day close (at the time of writing, before the US market close at 11:50 AM ET).
US Market News: The Wall Street traded in the red as the covid-19 cases continue to rise in the US. The US weekly jobless claims were 898,000 for the week ended 10 October 2020 against the expected claim of 830,000. Among the upward trending stocks, Walgreens nudged up by almost 3.0% after it reported a quarterly profit of USD 1.02 per share. Morgan Stanley rose by close to 0.4% after it reported an 11% increase in the investment banking revenue. Among the decliners, shares of Fastly plunged by about 24.0% after it slashed its outlook. United Airlines declined by around 3.9% after it posted a quarterly loss of USD 8.16 per share. Wells Fargo slipped by close to 1.8% after it fired 100 employees related to fraud.
US Stocks Performance*
European News: The London and European markets traded in the red as the lockdown concerns weigh down. The UK government has put covid-19 restrictions in London to curtail rising cases. Among the gaining stock, GCM Resources skyrocketed by approximately 62.5% after it announced the framework agreement with NFC. Shares of AO World rose by close to 28.5% after the sales jumped by 57% year on year in H1 FY21. Rolls Royce moved up by about 9.0% after it priced the £2.0 billion bonds. Among the decliners, Domino’s Pizza fell by close to 8.5% despite posting resilient performance in Q3 20. Dunelm was down by around 4.6%, although it reported 36.7% year on year increase in Q1 FY21 sales. Hays was down by nearly 1.5% after it reported lower net fees in the first quarter.
European Indices Performance (at the time of writing)
FTSE 100 Index One Year Performance (as on 15 October 2020)
1 Year FTSE 100 Chart (Source: Refinitiv, Thomson Reuters)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); BP Plc (BP); Vodafone Group Plc (VOD).
Top 3 Sectors traded in red*: Energy (-4.17%), Industrials (-1.80%) and Utilities (-1.78%).
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 $42.95/barrel and $40.69/barrel, respectively.
Gold Price*: Gold price was quoting at US$1,909.45 per ounce, up by 0.11% against the prior day closing.
Currency Rates*: GBP to USD: 1.2902; EUR to GBP: 0.9067.
Bond Yields*: US 10-Year Treasury yield: 0.729%; UK 10-Year Government Bond yield: 0.184%.
*At the time of writing
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