UK and European Markets’ Traded Lower; SIG Stock Soared by 9.06%

3 min read | January 11, 2021 09:41 PM GMT | By Team Kalkine Media

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 14.18 points or 0.37 per cent lower at 3,810.50, Dow Jones Industrial Average Index contracted by 82.95 points or 0.27 per cent lower at 31,015.02, and the technology benchmark index Nasdaq Composite traded lower at 13,115.98, down by 86.00 points or 0.65 per cent against the previous day close (at the time of writing, before the US market close at 10:30 AM ET).

US Market News: The major indices of Wall Street traded in the red due to diminishing investor confidence around the latest nonfarm payrolls report. Among the gaining stocks, Eli Lilly and Co grew by about 13.57% after the company updated the development of medicine dealing with Alzheimer’s disease. Walgreens gained about 2.81% after the company updated its partnership with Zhejiang Geely to make smart electric vehicles. Shares of Gilead Sciences went up by around 1.33% after the company raised its full-year profit forecast boosted by the sales of remdesivir. Among the declining stocks, Shares of Twitter went down by 8.45% after the company banned Donald Trump from its platform. Boeing shares fell by about 3.86% after the crash of the aircraft near Jakarta.

US Stocks Performance*

European News: The London and European markets traded in the red due to weak investor sentiments around further tightening of Covid-19 restrictions in the UK. Springboard reported that the number of shoppers across Britain fell by 27.1% last week compared with the week before. Among the gaining stocks, Shares of Assetco grew by 69.31% after Martin Gilbert and various associates had acquired a minority stake of 29.8% in the company. Shares of SIG soared by 4.92% after the company reported its recovery during the second half of the financial year. Shares of JD Sports Fashion went up by 3.81% after the company forecasted pre-tax profit to be more than market expectations. Among the decliners, Shares of Argo Blockchain fell by 14.04% after the company announced the early shipment of crypto mining machines. Shares of Smith & Nephew went down by 2.07% after the company expected a 12% drop in its full-year revenues. Shares of Ferguson had dropped the most on FTSE 100.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 11 January 2021)

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

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

Top Sector traded in green*: Healthcare (+0.13%).

Top 3 Sectors traded in red*: Basic Materials (-2.28%), Consumer Cyclicals (-1.67%) and Real Estate (-1.55%).

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 $55.77/barrel and $52.31/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,850.95 per ounce, up by 0.85% against the prior day closing.

Currency Rates*: GBP to USD: 1.3530; EUR to GBP: 0.8997.

Bond Yields*: US 10-Year Treasury yield: 1.136%; UK 10-Year Government Bond yield: 0.308%.

*At the time of writing


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