UK and US Markets’ Accelerated on Vaccine Hopes; FTSE 100 Zoomed by 1.89%

December 01, 2020 11:42 PM GMT | By Team Kalkine Media
 UK and US Markets’ Accelerated on Vaccine Hopes; FTSE 100 Zoomed by 1.89%

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 50.74 points or 1.40 per cent higher at 3,672.37, Dow Jones Industrial Average Index increased by 416.65 points or 1.41 per cent higher at 30,055.29, and the technology benchmark index Nasdaq Composite traded higher at 12,322.01, up by 123.27 points or 1.01 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: Wall Street traded in the green over the vaccine hopes. The US reported Manufacturing PMI of 56.7 in November 2020, which was in line with expectation. Construction spending increased by 1.3% month on month in October 2020. Among the gaining stocks, shares of Sunnova Energy moved up by nearly 3.5% after it announced an offering of 7 million shares. Exxon Mobil gained around 3.3% after it announced the capital spending plan.  Tesla was up by about 2.7% after Dow Jones explained how the company would be integrated into the S&P 500. Among the decliners, Zoom shares plunged by around 13.7%, although the company reported better than expected earnings. Nio was down by nearly 7.2% after it reported that it delivered 5,291 vehicles in November 2020.

US Stocks Performance*

European News: The London and European markets traded in the green amid the positive hopes of vaccines.  The Housing Price Index in the UK increased by 6.5% year on year in November 2020, and it was up by 0.9% month on month. The Manufacturing PMI in the UK was 55.6 for November 2020, which was better than the expected PMI of 55.2. Among the gaining stocks, shares of Fresnillo were up by nearly 6.0% and led the FTSE-100 gain. Grafton rose close to 4.0% after it acquired StairBox. Tate & Lyle was up by around 1.8% after the company announced the acquisition of Sweet Green Fields. Weir rose about 1.3% after the company won an aftermarket order of £95 million. Among the decliners, Pets At Home slipped by around 0.7% after it disposed of the Specialist Group.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 1 December 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.); Rolls-Royce Holdings Plc (RR.).

Top 3 Sectors traded in green*: Energy (+3.08%), Basic Materials (+2.99%) and Financials (+2.58%).

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 $47.40/barrel and $44.66/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,819.15 per ounce, up by 2.15% against the prior day closing.

Currency Rates*: GBP to USD: 1.3423; EUR to GBP: 0.8974.

Bond Yields*: US 10-Year Treasury yield: 0.921%; UK 10-Year Government Bond yield: 0.349%.

 

*At the time of writing 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next