UK Market: The UK stock market has suffered a sharp sell-off, trading down by 1.30%, and is on track to close the week in negative territory. Omicron’s impact on the retail segment has taken its toll on the market today. The Office for National Statistics (ONS) data showed that retail sales volumes slumped by 3.7 per cent in the month of December. The mid-cap focused FTSE 250 index was also down by 1.88%.
Playtech Plc (LON: PTEC): Shares of the gambling software developer were down by over 25%, with a day’s low of GBX 543 after JKO Play Ltd pulled out of the race to buy the company. As a result, its board has recommended a 680p per share acquisitions deal offered by Aristocrat Leisure Limited to its shareholders.
Pennant International Group Plc (LON: PEN): Shares of the AIM-listed technology company were up by 20%, with a day’s high of GBX 40.50, after the company received a long-term service contract from Boeing Defence United Kingdom Limited. Pennant will be one of the key suppliers and will provide upgraded Part Task Trainers.
Spirent Communications Plc (LON: SPT): Shares of the telecom equipment provider are down by over 4%, with a day’s low of GBX 239.80. The stock saw some profit booking after yesterday’s rise of over 9% following the announcement of its business update.
US Markets: The US market is likely to make a soft start as signalled by the future market indices. S&P 500 future was down by 22 points or 0.49% at 4,452, while the Dow Jones 30 futures was down by 0.28% or 96 points at 34,520. The technology-heavy index Nasdaq Composite future was down by 0.76% at 14,726 (At the time of writing – 8:50 AM ET).
US Market News:
Shares of the video streaming service provider, Netflix (NFLX), declined by over 19% in the pre-market trading session after the company reported slower growth in its subscriber base during its quarterly results.
Shares of the paint and coating maker, PPG Industries (PPG), was down by 2.9% despite reporting better revenue than the consensus market forecast. The company witnesses lower demand due to production fall in the automobile sector.
Chipmaker, Intel (INTC) has announced an investment of USD 20 billion to set up a new advanced semiconductor manufacturing facility in Ohio.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 21 January 2022)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD), Glencore plc (GLEN),
Sector traded in green*: Consumer Non-Cyclicals (0.06%)
Top 3 Sectors traded in red*: Basic Materials (-2.70%), Consumer Cyclicals (-1.79%), Energy (-1.72%),
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 $87.63/barrel and $84.91/barrel, respectively.
Gold Price*: Gold price quoted at US$ 1,840 per ounce, down by 0.11% against the prior day closing.
Currency Rates*: GBP to USD: 1.3573; EUR to USD: 1.1350.
Bond Yields*: US 10-Year Treasury yield: 1.779%; UK 10-Year Government Bond yield: 1.1910%.
*At the time of writing