US and European Market Roundup In Wednesday’s Trading Session

  • Jan 08, 2020 GMT
  • Team Kalkine
US and European Market Roundup In Wednesday’s Trading Session

US Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 6.52 points or 0.20% higher at 3,243.70, Dow Jones Industrial Average Index expanded by 20.25 points or 0.07% higher and quoting at 28,603.93 and the technology benchmark index Nasdaq Composite traded higher at 9,089.22 and was up by 20.64 points or 0.23% against its previous day close (at the time of writing, before the U.S market close at ET 10:30 AM).

US News: On 8th January 2020, the Wall Street lost on all of the gains made early during the year, even though the analysts seemed pretty positive on their future outlook, saying that the markets might remain unaffected by the US Iran tensions, as long as oil production facilities in the middle east do not have an impact. Boeing lost 0.7 per cent, after news of the Airline manufacturers plane, going from Iran to Ukraine crashed at the Tehran Airport. Walgreen Boots’ first-quarter results were short on the anticipations of the market, post which its stock was down by 5.69 per cent. Tesla was up by 0.53 per cent, after two of its competitors ordered 60 Tesla vehicles, to expand their EV offerings in Germany. Beyond Meat was up by 3.65 per cent, after reporting positive talks of supply with McDonald’s. McDonald’s own shares were up by 0.48 per cent on the back of this news.

S&P 500 (SPX)

Top Performers*: Lennar Corp, D.R. Horton Inc, and Hasbro Inc are top gainers and increased by 5.08%, 2.50% and 2.24% respectively.

Worst Performers*: Walgreens Boots Alliance Inc, TechnipFMC PLC, and Albemarle Corp are the top three laggards and decreased by 6.44%, 2.22% and 2.17% respectively.

NASDAQ Composite (IXIC)

Top Performers*: Shiftpixy Inc, Midatech Pharma PLC, and Wah Fu Education Group Ltd are top gainers and increased by 139.66%, 82.01% and 71.76% respectively.

Worst Performers*: Cellect Biotechnology Ltd, SG Blocks Inc, and Genetic Technologies Ltd are the top three laggards and decreased by 17.60%, 16.48% and 15.96% respectively.

Top Performing Sectors*: Energy (up 1.52%), Telecommunications Services (up 0.58%) and Industrials (up 0.55%).

Worst Performing Sectors*: Consumer Non-Cyclicals (down 0.42%), Basic Materials (down 0.24%) and Utilities (down 0.11%).

Dow Jones Industrial Average (DJI)

Top Performers*: Travelers Companies Inc, American Express Co, and Home Depot Inc are top gainers and increased by 1.23%, 1.22% and 1.07% respectively.

Worst Performers*: Walgreens Boots Alliance Inc, Boeing Co, and Cisco System Inc are the top three laggards and decreased by 6.48%, 1.89% and 0.63% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 1.08 points or 0.01% higher at 7,574.93, the FTSE 250 index snapped 180.76 points or 0.83% lower at 21,651.92, and the FTSE All-Share Index traded at 5.90 points or 0.14% lower at 4,203.44. Another European equity benchmark index STOXX 600 ended at 418.36, up by 0.69 points or 0.17 per cent.

European News: In economic news, the Office of National Statistics of the United Kingdom has published data for the July- September period of 2019 which shows that the productivity in Britain has marginally improved during the period. The issue had been a major poll plank of Prime Minister Boris Johnson during his election campaign for the December 2019 general elections, where he has promised to fix the issue which had seen sustained weakness since 2008. Growth in productivity in an economy is a key indicator of sustained growth and prosperity of a country. While on the subject, Office of National Statistics also stated that the unit labour costs rose in the country by 3.6 per cent in annual terms in the third quarter, a level last hit at the end of 2018 as labour costs rose faster than gains in productivity. Greggs Plc today announced that it is going to pay its staff a special bonus this year as the company has been able to generate higher than expected profits for the year. It is worth noting that this year the company had launched its vegan-friendly sausage rolls which were a big hit with the consumers.

London Stock Exchange (LSE)

Leading Performers of the Day*: SIRIUS MINERALS PLC (SXX), MCCOLL'S RETAIL GROUP PLC (MCLS) and GALLIFORD TRY HOLDINGS PLC (GFRD) were on the bright spot and rose by 34.39%, 6.85% and 5.76% respectively.

Worst Performers of the Day*: FINABLR PLC (FIN), NMC HEALTH PLC (NMC) and PREMIER OIL PLC (PMO) are the major laggards and declined by 16.50%, 16.36% and 9.09% respectively.

FTSE 100 Index

FTSE-100 index performance in the previous five days (as on January 08, 2020), before the market closed. (Source: Thomson Reuters (TR))

Top Stocks of the Day*: MEGGITT PLC (MGGT), BT GROUP PLC (BT.A), and SMITHS GROUP PLC (SMIN) were in the bright spot and leapt up by 2.27%, 1.97% and 1.49% respectively.

Worst Stocks of the Day*: NMC HEALTH PLC (NMC), TUI AG (TUI), and BRITISH LAND CO PLC (BLND) were the beaten-down stocks at the broader equity benchmark index FTSE 100 and decelerated by 16.43%, 5.18% and 2.81% respectively.

Top Volume Gainers of the Day*: LLOYDS BANKING GROUP PLC (LLOY), BT GROUP PLC (BT.A), and VODAFONE GROUP PLC (VOD).

Elite Performing Sectors of the Day*: Telecommunications Services (up 0.59%), Basic Materials (up 0.04%), and Technology (up 0.02%).

Worst Performing Sectors of the Day*: Healthcare (down 0.58%), Financials (down 0.54%), and Utilities (down 0.41%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3100 and 0.8480, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.870%, and the UK 10-Year Government Bond yield was trading at 0.823%, respectively.

*At the time of writing

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