US & UK Market Update in Monday’s Session

  • Nov 25, 2019 GMT
  • Team Kalkine
US & UK Market Update in Monday’s Session

Global Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 18.85 points or 0.61% higher at 3,129.14, Dow Jones Industrial Average Index expanded by 134.87 points or 0.48% and quoting at 28,010.49 and the technology benchmark index Nasdaq Composite traded higher at 8,622.81 and was up by 102.93 points or 1.21% against its previous day close (at the time of writing, before the U.S market close at ET 1:50 PM). 

Global News: On 25th November 2019, Wall Street opened on a high note at the start of the week, with a trade deal between US and China seeming to be close. Uber was down by 4 per cent post getting stripped off of its London License. Tiffany and Co stock was reportedly up by 5.7 per cent, following an announcement by LVMH that they had an agreement to buy the company for US $16.2 billion. Tesla Cybertruck’s orders had reached 200,000 after just 3 days of its launch, as per Elon Musk, post which its stock was up by 3.8 per cent. Netflix stock was marginally down by 0.8 per cent after an analyst downgraded it, mentioning high competition, especially from the likes of Walt Disney’s Disney Plus streaming platform, as well accumulation of around US $130 million on first day ticket sales of its recently launched film, “Frozen 2”, post which the Walt Disney stock was up by 0.6 per cent. TD Ameritrade share price was up by 1.4 per cent after reports arising that its shareholders would receive 1.0836 shares each of Charles Schwab in US $26 billion all share deal.

S&P 500 (SPX)

Top Performers*: Tiffany & Co, Hasbro Inc and eBay Inc are top gainers and increased by 5.73%, 3.85% and 3.62% respectively.

Worst Performers*: Ulta Beauty Inc, J M Smucker Co and Schlumberger NV are the top three laggards and decreased by 2.72%, 1.49% and 1.39 % respectively.

NASDAQ Composite (IXIC)

Top Performers*: Janone Inc, Sorrento Therapeutics Inc, and Medicines Co are top gainers and increased by 138.82%, 42.19% and 22.56% respectively.

Worst Performers*: Cymabay Therapeutics Inc, Adamis Pharmaceuticals Corp and La Jolla Pharmaceutical Co are the top three laggards and decreased by 74.59%, 55.58% and 45.34% respectively.

Top Performing Sectors*: Healthcare (up 1.13%), Consumer Cyclicals (up 0.72%) and Technology (up 0.71%).

Dow Jones Industrial Average (DJI)

Top Performers*: Intel Corp, Merck & Co Inc and Apple Inc are top gainers and increased by 1.38%, 1.24% and 0.88% respectively.

Worst Performers*:  Exxon Mobil Corp, Boeing Co and Walt Disney Co are the top three laggards and decreased by 0.36%, 0.33% and 0.20% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 69.48 points or 0.95% higher at 7,396.29, the FTSE 250 index snapped 217.36 points or 1.06% higher at 20,703.17, and the FTSE All-Share Index ended 38.14 points or 0.94% higher at 4,083.88 respectively. Another European equity benchmark index STOXX 600 ended at 408.09, up by 4.11 points or 1.02 per cent.

European News: Since the postponement of the Brexit date to the end of January 2020, the first signs of improving economic trends have been visible in the United Kingdom and Germany. The Munich-based IFO Institute has reported that one of its headline business indicators, the business climate index has risen to 95.0 this month up from 94.7 that was recorded in the month of October. Similar sentiments were also echoed in the United Kingdom where a CBI monthly survey confirmed that British retailer sentiments remained unchanged for the month of November ending a six-month trend of falling demand. Among the top newsmakers of today; Just Eat Plc has advised it  shareholders not to accept a 710 pence offer being made by Prosus NV. It is to be noted that both Just Eat Plc and takeway.com are in advanced negotiations to merge and create the largest online food delivery company in the world. The company while advising its shareholders termed the offer made by Prosus NV as being inferior to that of the present deal with JustEat.  Euromoney international Investors Plc has announced that it will be buying specialized business news firm Wealth-X as per of its strategy to widen it B2B information providing business portfolio.

London Stock Exchange (LSE)

Top Performers*: TREATT PLC (TET), NMC HEALTH PLC (NMC) and FUTURE PLC (FUTR) are top performers of the day and up by 6.83%, 5.45% and 4.53% respectively.

Worst Performers*: RESTAURANT GROUP PLC (RTN), HOCHSCHILD MINING PLC (HOC) and KENMARE RESOURCES PLC (KMR) are the top three laggards of the day and down by 8.43%, 6.76% and 5.29% respectively.

FTSE 100 Index

 FTSE 100 Index Chart: 5-days Price Performance (as on November-25-2019), before the market closed. (Source: Thomson Reuters)

Performers*: NMC HEALTH PLC (NMC), EVRAZ PLC (EVR) and BURBERRY GROUP PLC (BRBY) are the top three gainers in today’s session and up by 5.45%, 3.76% and 3.05% respectively.

Laggards*: FRESNILLO PLC (FRES), IMPERIAL BRANDS PLC (IMB), and ADMIRAL GROUP PLC (ADM) are top laggards at the FTSE 100 index and down by 3.92%, 0.35% and 0.24% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), ITV PLC (ITV), and NATIONAL GRID PLC (NG.).

Top Performing Sectors*: Industrials (1.60%), Healthcare (1.49%), and Consumer Cyclicals (1.34%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2900 and 0.8534, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.762%, and the UK 10-Year Government Bond yield was trading at 0.698%, respectively. 

*At the time of writing

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