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UK Market News: The UK stock market trades lower once again on Tuesday, as the uncertainties over the Russia-Ukraine war continue with no sign of peace. The blue-chip FTSE 100 index is down by 0.83%, led by the stocks like Polymetal International Plc and Evraz Plc. Both these companies are set to lose their spot from the FTSE100 index as the quarterly review of blue-chip index is set to take place soon based on February month closing.
Flutter Entertainment Plc (LON: FLTR): The casino and sports betting company was down by over 13%, with a day’s low of GBX 9,200 after the company announced its preliminary results for the year ended 31 December 2021. The stock price declined despite a 37% rise in Group’s total revenue of £6,036 million.
Harbour Energy Plc (LON: HBR): The oil & gas company was up by over 4.5%, with a day’s high of GBX 417.60. The stock price saw positive buying momentum tracking the crude oil prices in the international market. The brent crude oil price rose by over 5% to trade at USD 103 per barrel.
FD Technologies Plc (LON: FDP): The AIM-listed company was up by over 29%, with a day’s high of GBX 1,980 after the company announced that it has agreed to a strategic partnership with Microsoft to offer its data analytics platform.
US Markets: The US market is likely to make a lower start today, as indicated by the futures indices. S&P 500 future was down by 13 points or 0.31% at 4,355, while the Dow Jones 30 future was down by 0.37% or 125 points at 33,713. The technology-heavy index Nasdaq Composite future was down by 0.39% at 14,173 (At the time of writing – 8:50 AM ET).
US Market News:
The technology company, HP Inc. (HPQ), was down by over 2% in premarket trading after the company announced its quarterly results. Despite the upbeat business performance, the stock price is likely to follow the negative market momentum.
The electric vehicle maker, Lucid Group (LCID), was down by over 12% after the company reported higher losses and its quarterly revenue was below the market expectations.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 01 March 2022)
(Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), International Consolidated Airlines Group (IAG), Rolls-Royce Holdings Plc (RR.)
Top 3 Sectors traded in green*: Healthcare (1.13%), Basic Materials (0.37%), Industrials (0.03%).
Top 3 Sectors traded in red*: Consumer Cyclicals (-3.48%), Financials (-2.54%) Real Estate (-1.33%),
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 $103/barrel and $100.94/barrel, respectively.
Gold Price*: Gold price quoted at US$ 1,920 per ounce, up by 1.03% against the prior day’s closing.
Currency Rates*: GBP to USD: 1.3399; EUR to USD: 1.1152.
Bond Yields*: US 10-Year Treasury yield: 1.777%; UK 10-Year Government Bond yield: 1.2775%.
*At the time of writing
