AUS
NZ
UK
CA
USA
IND
US Markets: Broader indexes in the United States were trading in red, with the S&P 500 index traded 6.62 points or 0.20% lower at 3,323.00, Dow Jones Industrial Average Index contracted by 41.65 points or 0.14% lower and quoting at 29,306.45 and the technology benchmark index Nasdaq Composite traded lower at 9,383.72 and was down by 5.22 points or 0.06% against its previous day close (at the time of writing, before the U.S market close at ET 10:05 AM).
US News: On 21st January 2020, stocks opened in the red, as growth slowdown spurred fears in the investors, primarily on the back of the deadly virus outbreak in China. Starbucks stock was down by 0.46 per cent, as the investors seemed wary of the companyâs new strategy of going environment friendly. Beyond Meat stock was up by 5.73 per cent, as it announced the launch of its new âPlant Basedâ products. Barclays stock was down by 0.09 per cent, primarily on the back of worsened nonperforming asset rating by an analyst. Airlines stocks were in the news, as sources reported that pneumonia-like virus in Asia could hit passenger traffic. American Airlines shares were down by 2.1 per cent while Delta Airlines stock had also fallen by 1.7 per cent. Walt Disney Stock was up by a marginal 0.1 per cent, after preponing the launch of its streaming service in the United Kingdom. Boeing was reported to be in talks of borrowing another $10 Billion, following which its stock was down by another 0.6 per cent.
Â
S&P 500 (SPX)
Top Performers*: Intel Corp, Tractor Supply Co, and L Brands Inc are top gainers and increased by 1.53%, 1.35% and 1.19% respectively.
Worst Performers*: Las Vegas Sands Corp, Wynn Resorts Ltd, and Booking Holdings Inc are the top three laggards and decreased by 6.83%, 6.62% and 3.38% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Novavax Inc, Accuray Inc, and Camtek Ltd are top gainers and increased by 55.92%, 14.33% and 13.54% respectively.
Worst Performers*: Toughbuilt Industries Inc, Advaxis Inc, and iMedia Brands Inc are the top three laggards and decreased by 24.23%, 14.88% and 9.15% respectively.
Top Performing Sectors*: Telecommunication Services (up 0.20%) and Utilities (up 0.11%).
Worst Performing Sectors*: Financials (down 0.02%), Technology (down 0.21%) and Consumer Cyclicals (down 0.21%).
Dow Jones Industrial Average (DJI)
Top Performers*: Intel Corp, International Business Machines Corp, and Boeing Co are top gainers and increased by 1.53%, 0.35% and 0.20% respectively.
Worst Performers*: Goldman Sachs Group Inc, JP Morgan Chase & Co, and Dow Inc are the top three laggards and decreased by 0.77%, 0.74% and 0.64% respectively.
European Markets: The Londonâs broader equity benchmark index FTSE 100 traded at 40.74 points or 0.53% lower at 7,610.70, the FTSE 250 index snapped 101.63 points or 0.47% lower at 21,745.41, and the FTSE All-Share Index ended 22.22 points or 0.52% lower at 4,223.35 respectively. Another European equity benchmark index STOXX 600 ended at 423.38, down by 0.60 points or 0.14 per cent.
European News: In economic news, the United Kingdom job data is showing signs of improvement as per a recent poll survey by Reuters. The data which shows the job growth the strongest in three months since November 2019 is the strongest in nearly a year. The data which may be good news for the British economy in general buy is only making the case worse for a rate cut for which the Bank of England is set to take a call on 30 January 2020. In business news, the IMF has predicted that the British economy will grow faster than the eurozone post Brexit. The international financial institution had previously stated that the future growth of the British economy would depend a lot on how smoothly the Brexit withdrawal is undertaken between the two economic blocks.
London Stock Exchange (LSE)
Leading Companies of the Day*: TEN ENT GROUP PLC (TEG), EASYJET PLC (EZJ) AND PORVAIR PLC (PRV) zoomed up by 5.94%, 4.52% AND 4.35% respectively.
Companies which showed poor performance*: SQN ASSET FINANCE INCOME FUND LIMITED (SQN), CARD FACTORY PLC (CARD) and EVRAZ PLC (EVR) were in the red zone and declined by 6.57%, 5.87% and 5.12% respectively.
FTSE 100 Index
FTSE-100 index performance â January 21st, 2020 (Source: Thomson Reuters)
Leading Companies of the Day*: EASYJET PLC (EZJ), MELROSE INDUSTRIES PLC (MRO), and LEGAL AND GENERAL GROUP PLC (LGEN) accelerated by 4.45%, 2.19% and 2.05% respectively.
Worst Companies of the Day*: EVRAZ PLC (EVR), INFORMA PLC (INF), INTL CONSOLIDATED AIRLINES GROUP SA (IAG), and decelerated by 5.09%, 3.38% and 2.89% respectively.
Volume Traction*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BP PLC (BP).
Sector in the negative zone*: BASIC MATERIALS (down 1.56%), ENERGY (down 1.31%), UTILITIES (down 0.81%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3056 and 0.8496, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.769 %, and the UK 10-Year Government Bond yield was trading at 0.635 %, respectively.
Â
*At the time of writing
