Unilever Shares Dragged FTSE 100 Lower; ECB Kept Interest Rate Steady

3 min read | July 22, 2021 07:13 PM BST | By Team Kalkine Media

US Markets: Broader indices in the United States traded on a mixed note - particularly, the S&P 500 index traded 4.99 points or 0.11 per cent lower at 4,353.70, Dow Jones Industrial Average Index dipped by 58.74 points or 0.17 per cent lower at 34,739.26, and the technology benchmark index Nasdaq Composite traded higher at 14,636.90, up by 5.00 points or 0.03 per cent against the previous day close (at the time of writing – 12:05 PM ET). 

US Market News: The major indices of Wall Street traded on a mixed note after an unexpected rise in the US jobless claims. Among the gaining stocks, Crocs (CROX) shares climbed by about 6.98% after the Company stated that it had witnessed robust demand for the products around the globe. Blackstone Group (BX) shares grew by about 3.64% after the Company had reported second-quarter earnings more than the consensus estimates. Among the declining stocks, Netgear (NTGR) shares plunged by about 11.63% after the Company reported lower than expected sales for the latest quarter. AT&T (T) shares dropped by about 0.12%, even after the Company’s quarterly earnings remained more than the consensus estimates.

UK Market News: The London markets traded on a mixed note after European Central Bank had indicated bond-buying at an elevated rate.

FTSE 250 listed Howden Joinery Group shares grew by about 2.91% after the Company had witnessed a positive turnaround and swung back to profitability during the first half, followed by strong sales growth.

Volution Group shares climbed by around 5.23% after the Company had anticipated full-year top-line and bottom-line business to remain ahead of the current market expectations.

Unilever had reduced the full-year operating margin forecasts due to the increase in costs. Moreover, the Company had registered an underlying revenue growth of around 5.4% during the first half.  Furthermore, the shares plunged by around 5.41%.

Morgan Sindall Group shares jumped by around 13.51% after the Company had anticipated full-year results to remain significantly ahead of the previous expectations, boosted by the strong trading performance since the last update.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 22 July 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); Rolls-Royce Holdings Plc (RR.).

Top 3 Sectors traded in green*: Industrials (+1.21%), Consumer Cyclicals (+1.02%) and Technology (+0.88%).

Top 3 Sectors traded in red*: Consumer Non-Cyclicals (-2.08%), Energy (-1.60%) and Basic Materials (-0.93%).

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 $73.58/barrel and $71.67/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,807.85 per ounce, up by 0.25% against the prior day closing.

Currency Rates*: GBP to USD: 1.3775; EUR to GBP: 0.8543.

Bond Yields*: US 10-Year Treasury yield: 1.265%; UK 10-Year Government Bond yield: 0.5710%.

*At the time of writing


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