UK and European Markets’ Ended Lower; Shares of Evraz Jumped by 3.54%

3 min read | October 21, 2020 10:14 PM BST | By Team Kalkine Media

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.95 points or 0.41 per cent higher at 3,457.07, Dow Jones Industrial Average Index expanded by 89.23 points or 0.32 per cent higher at 28,398.02, and the technology benchmark index Nasdaq Composite traded higher at 11,558.69, up by 42.20 points or 0.37 per cent against the previous day close (at the time of writing, before the US market close at 12:30 PM ET).

US Market News: The Wall Street opened in green as the Fed official asks for more stimulus to support recovery. The mortgage applications in the US declined by 0.6% week on week. Among the gaining stocks, the shares of Snap surged by about 33.3% after the company reported strong user growth and profit of 1 USD cents per share. AutoNation rose by close to 4.9% after it posted quarterly earnings per share of USD 2.38 that was above the market’s expectation. Walt Disney was up by close to 0.6% after it announced that it would keep the Disneyland park closed for the near future. Among the decliners, Netflix shares plunged by around 6.5% as it reported earnings below the market’s expectation due to weak subscriber growth. Texas Instrument was down by nearly 3.5%, although it reported a quarterly profit of 1.45 USD cents per share.  

 

US Stocks Performance*

 

European News: The London and European markets traded in the red as the UK imposes strict lockdown measures in some of the cities. The Consumer Price Index (CPI) in the UK grew by 0.5% year on year in September 2020, and it was in line with the expectation. Meanwhile, the UK government’s borrowing has increased to £2.1 trillion at the end of September 2020. Among the gaining stocks, Thor Mining jumped by around 28.8% after it reported visible gold in follow-up sampling at Ragged Range projects. Antofagasta gained about 1.5%, although its third-quarter output declined. Metro Bank moved up by around 0.9% after it reported an increase in lending in Q3. William Hill was up by about 0.4% after it reported improved performance in Q3 20 compared to the first half. Among the decliners, Avast was down by close to 3.5% after it announced the adjusted revenue of £226 million, which grew by 2.6%. Hochschild Mining fell by close to 1.3% after it reported lower production year on year in Q3 20. Shares of Segro declined by around 0.7% after the company reported a vacancy rate of 5.2%.

European Indices Performance (at the time of writing)

 

FTSE 100 Index One Year Performance (as on 21 October 2020)

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

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); International Consolidated Airlines Group SA (IAG); Vodafone Group Plc (VOD).

Top Sector traded in green*: Basic Materials (+0.19%).

Top 3 Sectors traded in red*: Consumer Non-Cyclicals (-2.09%), Healthcare (-1.91%), and Industrials (-1.90%).

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 $41.82/barrel and $40.11/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,928.35 per ounce, up by 0.68% against the prior day closing.

Currency Rates*: GBP to USD: 1.3167; EUR to GBP: 0.9014.

Bond Yields*: US 10-Year Treasury yield: 0.804%; UK 10-Year Government Bond yield: 0.246%.

 

*At the time of writing

 


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