AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 78.40 points or 2.84% higher at 2,840.03, Dow Jones Industrial Average Index expanded by 552.31 points or 2.36% higher at 23,943.08, and the technology benchmark index Nasdaq Composite traded higher at 8,493.35, up by 300.93 points or 3.67% against its previous day close (at the time of writing, before the U.S market close at 1:00 PM ET).
US News: The Wall Street surged at the opening bell with the hopes of the Chinese economy to revive as the reported trade data was better than anticipated. As per the economic data from China, the export declined by 6.6% (year-over-year) against the estimation of negative 14%, signifying higher global demand than expected. On the other hand, the International Air Transport Association expecting worldwide losses to increase by 25% than its previous projection to $314 billion in 2020 since travel demand has plummeted by 80%. Among the stocks, Wells Fargo and JP Morgan climbed between 2% to 3% despite 89% and 69% decline in the first-quarter profits, respectively as these losses were already expected and widely covered by the provisions against bad loans to brace the financial trouble caused by coronavirus pandemic. Similarly, Marriott stock grew over 6% despite a 23% drop in first-quarter revenue per room as they have arranged a revolving credit facility of USD 1.5 billion. Meanwhile, Apple’s share soared over 4% as their shipment from China surged last month. Walt Disney has also secured a new credit line of USD 5 billion, and subsequently, its stock jumped over 3%.
S&P 500 (SPX)
Top Performers*: Royal Caribbean Cruises Ltd, Carnival Corp, and United Airlines Holdings Inc shares increased by 10.43%, 8.17% and 8.06% respectively.
Non Performers*: Comerica Inc, Huntington Bancshares Inc and Citigroup Inc shares decreased by 5.43%, 5.16% and 5.14% respectively.
NASDAQ Composite (IXIC)
Top Performers*: Aikido Pharma Inc, Sonnet Biotherapeutics Holdings Inc, and Marin Software Inc shares expanded by 220.90%, 130.97% and 106.29% respectively.
Worst Performers*: Neurobo Pharmaceuticals Inc, Biocept Inc and CSI Compressco LP shares plunged by 43.95%, 24.30% and 23.52% respectively.
Top Performing Sectors*: Consumer Cyclicals (+3.23%), Technology (+3.03%), and Consumer Non-Cyclicals (+3.01%).
Dow Jones Industrial Average (DJI)
Top Performers*: Johnson & Johnson, Home Depot Inc and Apple Inc are the top gainers and increased by 4.75%, 3.91% and 3.86%, respectively.
Non Performers*: American Express Co, JPMorgan Chase & Co and Boeing Co shares decreased by 4.10%, 3.76% and 2.26% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 51.35 points or 0.88% lower at 5,791.31, the FTSE 250 index snapped at 325.35 points or 1.98% lower at 16,082.57, and the FTSE All-Share Index ended 33.10 points or 1.02% lower at 3,200.14 respectively. Another European equity benchmark index STOXX 600 ended up by 2.11 points or 0.64 per cent at 333.91. Among other major European indices, DAX index closed the session at 10,696.56, up by 131.82 points or 1.25%; CAC 40 index increased by 17.07 points or 0.38% and ended the trading session at 4,523.91.
European News: London and European markets have witnessed a mixed response today. As the European stock surged with the hopes of the Chinese economy to bounce back; however, the UK stocks slightly fell as the UK government indicated about lockdown extension. Moreover, the Office for Budget Responsibility forecasted that the economy could diminish up to 35% this quarter (April to June period) and unemployment could reach 10% due to lockdown state. In other economic news, the welfare benefit claims in the United Kingdom has reached a straggling count of 1.4 million in the period since the prime minister announced nationwide lockdown. The British Work and Pensions Secretary Therese Coffey while unveiling the numbers also stated that the current government is capable enough to manage these claims. Similarly, in France, the economy is expected to contract by 8%, following the announcement of national lockdown extension till 11th May 2020, by the President Emmanuel Macron. Among the stocks, British American Tobacco PLC fell by around 5.9% as a newspaper reported about the criminal investigation by US regulatory. While, the Cruise operator Carnival PLC and hotel operator Intercontinental Hotel, both plunged by around 5% due to nosedived travel demand. Contrarily, Synairgen PLC and AstraZeneca PLC surged over 32% and 6% respectively, post announcing the clinical trial for the treatment of Covid-19 infection.
London Stock Exchange
Top Performers*: AA PLC (AA.), COSTAIN GROUP PLC (COST) and INTU PROPERTIES PLC (INTU) are top movers and rose by 33.39%, 32.13% and 26.57%, respectively.
Worst Performers*: PHAROS ENERGY PLC (PHAR), HISCOX LD (HSX) and RESTAURANT GROUP PLC (RTN) plunged by 17.41%, 15.61% and 14.58%, respectively.
FTSE 100 Index
5 days FTSE 100 Index Performance (April-14-2020), before the market closed (Source: TR)
Best Gainers*: POLYMETAL INTERNATIONAL PLC (POLY), OCADO GROUP PLC (OCDO) and FRESNILLO PLC (FRES) expanded by 8.78%, 7.16% and 6.92%, respectively.
Non Performers*: TAYLOR WIMPEY PLC (TW.), BARRATT DEVELOPMENTS PLC (BDEV) and COMPASS GROUP PLC (CPG) plunged by 8.39%, 7.63% and 6.84%, respectively.
Shares traded with high-level volume*: (LLOY) LLOYDS BANKING GROUP PLC; (BARC) BARCLAYS PLC; (VOD) VODAFONE GROUP PLC.
Top Sectors traded in the positive zone*: Healthcare (+3.66%), Technology (+2.11%) and Basic Materials (+0.90%).
Top Sectors traded in the negative zone*: Energy (-2.35%), Consumer Cyclicals (-2.26%), and Utilities (-1.13%).
Oil Prices*: WTI crude oil future price was nudging at $20.80 per barrel, and Brent crude oil future price was trading at $29.88 per barrel.
Forex Rates*: GBP/USD and EUR/GBP were hovering at 1.2606 and 0.8701, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was tilting at 0.735%, and the UK 10-Year Government Bond yield was hovering at 0.335%, respectively.
*At the time of writing
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