AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
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GRC
IND
POL
BRA
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RUS
CHN
UAE
UK Market News: The UK stock market started the week on a sombre note as the miners dragged down the blue-chip FTSE 100 index, amid worries about fresh COVID-19 curbs in China. The energy crisis in Europe also hurt sentiment, denting the outlook for demand from the top metal consumer. At the same time, the sharp rise in inflation and political uncertainty dimmed the outlook for UK's economy. The index has outperformed its global peers this year due to the high exposure of commodity companies.
Wizz Air Holdings Plc (LON: WIZZ): The share of the airline company Wizz Air Holdings Plc fell by around 3.93%, with a day's low of GBX 1,752.00. The company has reported that it will book a net loss of around 450 million euros for the first quarter of fiscal 2023. It has also adjusted flight schedules due to disruptions, including slot-allocation issues and turnaround timings.
Joules Group Plc (LON:JOUL): The share of the UK-based lifestyle company Joules Group Plc fell by 23.08%, with a day's low of GBX 25.00. The company on Monday said it had appointed KPMG LLP debt advisory to help it improve cash generation, profitability and liquidity headroom.
Dechra Pharmaceuticals Plc (LON: DPH): The share of the pharmaceutical company Dechra Pharmaceuticals Plc fell by around 2.5%, with a day's low of GBX 3,610.00. The company has reported its performance remains strong and in line with expectations, with revenue up by 12% on a reported basis.
US Markets: The US market is likely to get a negative start, as indicated by the futures indices. S&P 500 future was down by 20.90 points or 0.52% at 3,879.99, while the Dow Jones 30 futures was down by 0.29% or 90.83 points at 31,247.32. The technology-heavy index Nasdaq Composite future was down by 1.10% at 11,969.37 (At the time of writing – 9:35 AM ET).
US Market News:
The share of the social media company Twitter (TWTR) slid in the premarket trading session after Tesla's CEO Elon Musk announced late Friday that he was abandoning his US$44 billion takeover deal. However, the company responded by saying it plans legal action to hold Elon Musk to the agreed-upon transaction.
The share of gambling companies Wynn Resorts (WYNN) and the American casino and resort company Las Vegas Sands (LVS) dropped by 6% and 5.4%, respectively, in the premarket trading session. It came after the gambling enclave of Macau began a one-week shutdown to try to contain the spread of Covid-19.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 11 July 2022)
(Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Barclays Plc (BARC), Rolls-Royce Holdings Plc (RR.)
Top 3 Sectors traded in green*: Utilities (1.55%), Consumer Non-Cyclicals (0.10%) and Technology (0.07%).
Top 3 Sectors traded in red*: Basic Materials (-2.34%), Energy (-1.10%), Real Estate (-0.85%)
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 $105.02/barrel and $102.58/barrel, respectively.
Gold Price*: Gold was quoted at US$ 1,734.25 per ounce, down by 0.47% against the previous day's closing.
Currency Rates*: GBP to USD: 1.1958; EUR to USD: 1.0114.
Bond Yields*: US 10-Year Treasury yield: 3.060%; UK 10-Year Government Bond yield: 2.2075%.
*At the time of writing
