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US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 8.62 points or 0.20 per cent lower at 4,199.50, Dow Jones Industrial Average Index surged by 44.51 points or 0.13 per cent higher at 34,644.89, and the technology benchmark index Nasdaq Composite traded lower at 13,635.49, down by 120.84 points or 0.88 per cent against the previous day close (at the time of writing - 11:50 AM ET).
US Market News: The major indices of Wall Street traded on a mixed note as investors waited for the Nonfarm payrolls data. Among the gaining stocks, Meredith Corp (MDP) shares rose by about 5.19% after the Company had accepted the revised bid from Gray Television. Among the declining stocks, FireEye (FEYE) shares plunged by about 14.31% after the Company had announced the sale of a security software production unit to private equity firm Symphony Giant for USD 1.2 billion. Splunk (SPLK) shares dropped by about 8.01% after the Company had reported a greater than expected loss for the first quarter. Express (EXPR) shares went down by about 1.31% after the Company posted a quarterly loss of around 55 cents a share.
UK Market News: The London markets traded in a red zone as investors waited for the fresh growth catalysts. Moreover, the IHS Markit Purchasing Managers’ Index (“PMI”) for the services sector came out to be 62.9 for May 2021 as compared to 61.0 for April 2021. The UK services sector had reached a 24-year high in May 2021 due to the relaxation in the Covid-19 related restrictions.
Pennon Group shares rose by around 1.69% after the Company had reported growth in annual revenues. Moreover, it had announced the special dividend and the acquisition of Bristol Water Group.
BT Group was downgraded by Deutsche Bank from “Hold” to “Sell”. Moreover, the shares went down by approximately 2.44%.
FTSE 100 listed B&M European Value Retail shares plunged by around 4.67% after the Company stated that the like-for-like UK sales had dropped by 1% for the first nine months of the current fiscal year.
Chemring Group had reported robust growth in the interim top-line and bottom-line business. Furthermore, it had completed the acquisition of Cubica Technology Limited. Meanwhile, the shares climbed by about 4.41%.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 3 June 2021)
1 Year FTSE 100 Chart (Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Vodafone Group Plc (VOD); International Consolidated Airlines Group SA (IAG).
Top Sector traded in green*: Healthcare (+0.15%).
Top 3 Sectors traded in red*: Utilities (-2.13%), Basic Materials (-1.99%) and Real Estate (-1.24%).
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 $71.19/barrel and $68.66/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,874.95 per ounce, down by 1.83% against the prior day closing.
Currency Rates*: GBP to USD: 1.4096; EUR to GBP: 0.8601.
Bond Yields*: US 10-Year Treasury yield: 1.625%; UK 10-Year Government Bond yield: 0.8390%.
*At the time of writing
