US Markets Rise After An Easing Off In Trade Tensions

Global Markets: Benchmark indices of the NYSE traded in mix, with the Dow Jones Industrial Average Index traded 96.59 points or 0.34% lower at 27,939.63, the broader S&P 500 index traded 0.23 points or 0.01% lower at 3,121.80, and the technology benchmark index Nasdaq Composite surged by 27.21 points or 0.32% higher at 8,577.15 (at the time of writing, before the U.S market close at 1:45 PM ET).

Global News: On 19^th November 2019, the US markets opened in green after the United States’ decision to give a 90-day extension to Huawei and also in anticipation of earnings from the retail sector. Home Depot reduced its full year sales outlook, after its revenue in the 3rd quarter was short on market anticipations, post which its stock was down by 4 per cent. Kohl also reduced the outlook on its profit, following which its stock was down by a massive 12.3 per cent. Boeing received around 50 bids, as per news sources, for its grounded 737 Max jet at the Air show in Dubai, post which its stock was on a rise of 1.2 per cent. Tesla announced an expansion of its Battery project with Neoen to 150 MW, becoming the largest battery project, post which its stock marginally rose by 0.4 per cent. Broadcom was upgraded by two analysts, post which its stock price was on the upside by 2.1 per cent.

S&P 500 (SPX)*

Top Performers:Â TripAdvisor Inc, Broadcom Inc and Freeport-McMoRan Inc are top gainers and increased by 3.17%, 2.82% and 2.00% respectively.

Worst Performers: Kohls Corp, Nordstrom Inc, and Home Depot Inc are the top three laggards and decreased by 17.62%, 6.34% and 2.57% respectively.

NASDAQ Composite (IXIC)*

Top Performers: SA Exploration Holdings Inc, Genprex Inc, and Dragon Victory International Ltd are top gainers and increased by 148.03%, 123.42% and 25.19% respectively.

Worst Performers:Â Liquid Media Group Ltd, Gulf Resources Inc and KLX Energy Services Holdings Inc are the top three laggards and decreased by 28.08%, 15.00% and 14.79% respectively.

Top Performing Sectors: Telecommunications Services (up 0.44%), Healthcare (up 0.40%) and Technology (up 0.34%).

Worst Performing Sector: Energy (down 0.62%).

Dow Jones Industrial Average (DJI)*

Top Performers:Â Boeing Co, Dow Inc and Nike Inc are top gainers and increased by 1.27%, 0.77% and 0.73% respectively.

Worst Performers: Home Depot Inc, Walmart Inc and Exxon Mobil Corp are the top three laggards and decreased by 3.15%, 0.36%, and 0.25% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 16.10 points or 0.22% higher at 7,323.80, the FTSE 250 index snapped 87.98 points or 0.43% higher at 20,528.48, and the FTSE All-Share Index ended 10.47 points or 0.26% higher at 4,045.94 respectively. Another European equity benchmark index STOXX 600 ended at 405.50, down by 0.49 points or 0.12 per cent.

European News: Taking attacks on the ultra-rich one step forward, John McDonnell – the finance minister-in-waiting for the Labour Party – said he wants to rewrite the rules of the economy and pledged a radical redistribution of wealth to cut the power of the super-rich, as the party says it wants to be the most radical socialist government in British history. A survey by the Confederation of British Industry showed that due to the avoidance of a no-deal Brexit at the end of October, British manufacturers saw a pick-up in orders in November, as monthly orders balance rose to -26 from -37 in October. In the hope that the Conservatives were to win a majority on 12 December, which will pave the way for the rectification of the agreement by the parliament, sterling held its ground on Tuesday.

London Stock Exchange (LSE)

Top Performers*: PURETECH HEALTH PLC (PRTC), AO WORLD PLC (AO.) and HALMA PLC (HLMA) are top performers of the day and up by 18.47%, 13.31% and 9.88% respectively.

Worst Performers*: DIALIGHT PLC (DIA), EQUINITI GROUP PLC (EQN) and TBC BANK GROUP PLC (TBCG) are the top three laggards of the day and down by 17.41%, 14.07% and 4.02% respectively.

FTSE 100 Index

 FTSE 100 Index Chart: 5-days Price Performance (as on November-19-2019), before the market closed. (Source: Thomson Reuters)

Performers*: HALMA PLC (HLMA), INTERTEK GROUP PLC (ITRK) and NMC HEALTH PLC (NMC) are the top three gainers in today’s session and up by 10.03%, 5.01% and 3.83% respectively.

Laggards*: FERGUSON PLC (FERG), POLYMETAL INTERNATIONAL PLC (POLY), and FRESNILLO PLC (FRES) are top laggards at the FTSE 100 index and down by 1.45%, 0.76% and 0.67% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BARCLAYS PLC (BARC).

Top Performing Sectors*: Industrials (+2.23%), Basic Materials (+2.13%) and Financials (+1.53%).

Worst Performing Sector*: Utilities (-0.10%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2921 and 0.8577, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.779%, and the UK 10-Year Government Bond yield was trading at 0.730%, respectively.

Â

*At the time of writing