UK Market
Closed lower yesterday, amid strength in the British Pound and led by losses in energy sector stocks. Trainline declined 7.1%, despite reporting a profit in the first half as passengers returned to rail and shifted to digital ticketing. Darktrace dropped 5.1%, following news that private equity firm, Vitruvian Partners sold a portion of shares in the cybersecurity group through a placing. Next fell 3.3%, after the company warned over slowdown in sales growth in the final quarter due to declining demand led by Covid-19 lockdowns and supply-chain constraints. Pets at Home shed 1.9%, after the company announced the exit of its Chief Executive Peter Pritchard. On the flipside, Royal Mail rose 1.5%, after a top broker upgraded its rating on the stock to โNeutralโ from โSellโ. The FTSE 100 slipped 0.4%, to close at 7,248.9, while the FTSE 250 fell 0.1%, to end at 23,117.0.
.
Europe Market
Finished higher yesterday. TeamViewer jumped 11.0%, after the company confirmed its full year revenue outlook. Deutsche Lufthansa climbed 7.0%, after the airline operator reported an increase in profit for the first time in the third quarter since the coronavirus pandemic. Bayerische Motoren Werke rose 1.5%, after the automaker reported a jump in its third quarter profit. On the other hand, Vestas Wind Systems plunged 18.2%, after the company reported a decline in its profitability margin in the third quarter of 2021, due to cost inflation of materials and supply chain instability. Zalando declined 9.5%, after the company reported a sharp drop in its third quarter profits. The FTSEurofirst 300 index gained 0.4%, to close at 1,863.9. Among other European markets, the German DAX Xetra 30 marginally rose to close at 15,960.0, while the French CAC-40 advanced 0.3%, to settle at 6,950.7.
.
US Market
Closed higher yesterday, after the Federal Reserve (Fed) announced plans to taper its $120.0 billion bond buying programme. Bed Bath & Beyond surged 15.2%, after the company announced that it has partnered with Kroger (KR) and stated that its share buyback program was proceeding ahead of schedule. Lyft jumped 8.2%, after the company reported upbeat results in the third quarter. CVS Health climbed 5.7%, after the company posted stronger than expected revenue and earnings in the third quarter and lifted its annual outlook. Gap advanced 5.4%, after the company announced that Italian retailer OVS would acquire all of its 11 store locations in Italy. T-Mobile US added 5.3%, after the telecom company reported better than expected profit in the third quarter. On the contrary, Zillow Group plunged 24.9%, after the company announced that it is closing its homebuying unit, Offers. The S&P 500 gained 0.7%, to settle at 4,660.6. The DJIA rose 0.3%, to settle at 36,157.6, while the NASDAQ advanced 1.0%, to close at 15,811.6.
.
Asia Market
Weโre trading higher this morning, after the Fed revealed plans to start tapering bond purchases. The. In Japan, Fuji Electric and JTEKT have advanced 4.1% and 5.3%, respectively. Meanwhile, NEXON and Kao have dropped 3.5% and 4.5%, respectively. In Hong Kong, Link Real Estate Investment Trust and Meituan have risen 1.0% and 2.5%, respectively. Meanwhile, Sands China and Henderson Land Development have fallen 2.7% and 3.5%, respectively. In South Korea, NK Mulsan and Doosan have climbed 9.4% and 17.3%, respectively. Meanwhile, Maniker and NCsoft have declined 8.1% and 12.0%, respectively. The Nikkei 225 index is trading 0.8% firmer at 29,758.8. The Hang Seng index is trading 0.3% up at 25,092.2, while the Kospi index is trading 0.5% higher at 2,989.8.
150 Replies
15 ๐
7 ๐ฅ