US Markets: Broader indexes in the United States were trading in green, with the S&P 500 index traded 6.20 points or 0.19% higher at 3,280.90, Dow Jones Industrial Average Index accelerated by 24.96 points or 0.09% higher and quoting at 28,981.86 and the technology benchmark index Nasdaq Composite traded higher at 9,229.65 and was up by 26.23 points or 0.28% against its previous day close (at the time of writing, before the U.S market close at ET 10:30 AM).
US News: On 10th January 2020, U.S. stocks at the Wall Street traded near its all-time highs, primarily driven by smoothing of middle east tensions and boost up from the technology stocks. The disappointing part came from the Labour department of the United States, which announced that the country created a lower number of jobs, as compared to the previous month, which it said, was also majorly due to the festivities and holidays. Tesla stocks were up by 1.1 per cent for the third day running, as its Cybertruck pre-orders kept on increasing. Shares of Apple Inc. edged up by around 0.5 per cent after Credit Suisse raised up the company’s price target. Post critical comments made on 737 MAX development with hundred of messages flared up, shares of Boeing Co. dipped significantly by around 1.5 per cent during the Friday’s trading session
S&P 500 (SPX)
Top Performers*: Skyworks Solutions Inc, Qualcomm Inc, and Synopsys Inc are top gainers and increased by 1.35%, 0.72% and 0.71% respectively.
Worst Performers*: Xilinx Inc, Fifth Third Bancorp, and SVB Financial Group are the top three laggards and decreased by 1.23%, 0.26% and 0.05% respectively.
NASDAQ Composite (IXIC)
Top Performers*: CounterPath Corp, Sorrento Therapeutics Inc, and Aclaris Therapeutics Inc are top gainers and increased by 47.42%, 45.45% and 23.66% respectively.
Worst Performers*: Energy Focus Inc, RumbleON Inc, and Jason Industries Inc are the top three laggards and decreased by 31.54%, 30.96% and 26.12% respectively.
Top Performing Sectors*: Technology (up 0.15%), Healthcare (up 0.12%) and Consumer cyclicals (up 0.06%).
Worst Performing Sectors*: Consumer Non cyclicals (down 0.02%) and Energy (down 0.10%).
Dow Jones Industrial Average (DJI)
Top Performers*: Intel Corp, Merck & Co Inc, and Apple Inc are top gainers and increased by 1.38%, 0.18% and 0.09% respectively.
Worst Performers*: Travelers Companies Inc, Walmart Inc, and JP Morgan Chase & Co are the top three laggards and decreased by 1.19%, 0.55% and 0.44% respectively.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 10.27 points or 0.14% lower at 7,587.85, the FTSE 250 index snapped 76.40 points or 0.35% lower at 21,566.67, and the FTSE All-Share Index ended 7.05 points or 0.17% lower at 4,206.72 respectively. Another European equity benchmark index STOXX 600 ended at 419.14, up by 0.50 points or 0.12 per cent.
European News: In economic news, Global accounting firm Deloitte has stated that optimism in British companies has increased after Prime Minister Boris Johnson’s sweeping victory in the 12 December 2019 concluded general elections in United Kingdom. As per the survey conducted by it in the month of December 2019, nearly 53 per cent of the Chief financial managers in the country responded that optimism and improved financial outlook has returned to the country. This is in comparison to the only 9 per cent chief financial managers who responded to improved economic conditions in the country in the month of November 2019. The survey was conducted between 16 December 2019 and 9 January 2020, where 119 chief financial officers from listed British companies were interviewed. In Business news, Willie Walsh, the CEO of IAG the holding company of British Airways and Iberia will retire from his post and will step down from his official position on 26 March 2020 before formally retiring on 30 June 2020.
London Stock Exchange (LSE)
Leading Performers of the Day*: ENQUEST PLC (ENQ), MCCOLL’S RETAIL GROUP PLC (MCLS) and WIZZ AIR HOLDINGS PLC (WIZZ) were on the bright spot and rose by 12.25%, 9.41% and 6.35% respectively.
Worst Performers of the Day*: SUPERDRY PLC (SDRY), B&M EUROPEAN VALUE RETAIL S.A. (BME) and PETROPAVLOVSK PLC (POG) are the major laggards and declined by 16.19%, 6.29% and 5.51% respectively.
FTSE 100 Index
FTSE-100 index performance in the previous five days (as on January 10, 2020), before the market closed. (Source: Thomson Reuters (TR))
Top Stocks of the Day*: NMC HEALTH PLC (NMC), INTL CONSOLIDATED AIRLINES GROUP SA (IAG), and EASYJET PLC (EZJ) were in the bright spot and leapt up by 6.16%, 4.85% and 3.58% respectively.
Worst Stocks of the Day*: MONDI PLC (MNDI), KINGFISHER PLC (KGF), and LLOYDS BANKING GROUP PLC (LLOY) were the beaten-down stocks at the broader equity benchmark index FTSE 100 and decelerated by 3.01%, 2.85% and 2.20% respectively.
Top Volume Gainers of the Day*: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BP PLC (BP.).
Elite Performing Sectors of the Day*: Energy (up 0.47%), Technology (up 0.43%), and Industrials (up 0.36%).
Worst Performing Sectors of the Day*: Financials (down 0.69%), Utilities (down 0.19%), and Consumer Non-Cyclicals (down 0.10%).
Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.3057 and 0.8517, respectively.
Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.823%, and the UK 10-Year Government Bond yield was trading at 0.768%, respectively.
*At the time of writing