Utility & Real Estate Shares Pushed FTSE 100 Higher by 0.62%

3 min read | April 22, 2021 06:40 PM BST | By Team Kalkine Media

US Markets: Broader indices in the United States traded in red - particularly, the S&P 500 index traded 40.91 points or 0.98 per cent lower at 4,132.51, Dow Jones Industrial Average Index dipped by 361.01 points or 1.06 per cent lower at 33,776.30, and the technology benchmark index Nasdaq Composite traded lower at 13,797.14, down by 153.08 points or 1.10 per cent against the previous day close (at the time of writing - 2:00 PM ET).

US Market News: The major indices of Wall Street traded in red as the initial claims for jobless benefits had reached their lowest since the start of the pandemic. Among the gaining stocks, Teradata shares rose by about 33.68% after the Company had reported quarterly earnings more than the guidance. Equifax shares went up by approximately 15.46% after the Company raised its annual guidance. AT&T shares went up by approximately 5.69% after the Company had reported quarterly earnings and wireless customers well above the estimates. Among the declining stocks, Netgear shares went down by about 5.49% after the Company had posted a weaker-than-expected forecast for the current quarter.

US Stocks Performance*

UK Market News: The London markets traded in a green zone after the European central bank had not made any changes in the interest rates and bond-buying program. FTSE 100 traded higher by around 0.62% due to significant gains made by shares of Experian, Diageo and Rolls-Royce Holdings benefitted from the phased reopening of economies.

FTSE 100 listed Relx shares jumped by around 1.38% after it forecasted that its three biggest areas would drive the growth in underlying revenue and adjusted operating profit during FY21.

Housebuilder Taylor Wimpey shares went up by about 0.08% after the Company had reported an increase in the order book and maintained annual guidance driven by strong demand and supportive government schemes.

Media giant Informa had slipped to significant pre-tax losses as it reported a figure of negative 1.14 billion pounds during FY20. Moreover, the shares went down by around 2.38%.

Centamin shares grew by about 1.05% after the Company had reported a quarter-on-quarter increase in the production output during Q1 FY21. However, the year-on-year production went down by 17%

Anglo American had reported higher copper production during Q1 FY21 despite capacity headwinds caused by the Covid-19 restrictions. Furthermore, the shares went up by around 0.15%.

European Indices Performance (at the time of writing):

 

FTSE 100 Index One Year Performance (as on 22 April 2021)

            1 Year FTSE 100 Chart (Source: EODHD/Others, Thomson Reuters)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); Barclays Plc (BARC); Rolls-Royce Holdings Plc (RR.).

Top 3 Sectors traded in green*: Utilities (+1.84%), Real Estate (+1.64%) and Technology (+1.33%).

Top Sector traded in red*: Energy (-0.66%).

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 $65.18/barrel and $61.20/barrel, respectively.

Gold Price*: Gold price was quoting at US$1,780.35 per ounce, down by 0.71% against the prior day closing.

Currency Rates*: GBP to USD: 1.3828; EUR to GBP: 0.8676.

Bond Yields*: US 10-Year Treasury yield: 1.5521%; UK 10-Year Government Bond yield: 0.7385%.

*At the time of writing


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