Today’s highlights
- NFP report today
- Cryptos mixed
- UK100 on the rise
Wall Street rises ahead of NFP report
All of the major US stock indices were up yesterday, with the SPX500, DJ30 and NASDAQ100 all adding close to 1%. In the DJ30, 27 of 30 names were in the green, with banks Goldman Sachs and JPMorgan Chase helping lead the index higher with 2% plus daily gains. The financial sector also led the SPX500 higher, adding 1.4% on aggregate. Information management firm Iron Mountain and food company Kellogg were at the front of the pack, with gains of 7.5% and 7.1% respectively. At the back of the pack, nine SPX500 stocks closed down more than 6%. US markets today may be impacted by the NFP report and other job data, to be released at 12:30 GMT.
Crypto market mixed
The crypto market went in different directions over the past 24 hours, 5 of the top 10 were in the red at time of writing, while 4 were in the green and one was nearly flat. Bitcoin slipped around 2%, falling below $56,000 at time of writing. The largest losses were registered by XRP and Dogecoin, which fell more than 7%, while the largest gains were seen in Cardano and Bitcoin Cash, both climbing more than 5%.
UK100 inching towards double-digit gains YTD
The UK100 is closing in on double-digit territory in 2021 so far, after a 0.5% gain yesterday. The index was led higher by precious metals miner Fresnillo , which added 6.4%. Tobacco giants British American Tobacco and Imperial Brands Group rounded out the top three stocks for the day, with the pair both gaining more than 3%. At the back of the UK100, insurance firm Admiral Group and online grocer Ocado Group were the biggest losers, at -4.7% and -3.2% respectively. Ocado Group’s share price has fallen 30% over the past three months, and is down 13% in 2021 so far overall, as the UK’s reopening means shoppers returning to stores in-person.
Other highlights
Oil shows recovery: Following two consecutive sessions in the red, the black gold showed a recovery this morning, as oil prices were in the green at time of writing.
Asian markets mixed: While the HKG50 was seen higher at time of writing, the China50 index was in the red, while the JPN225 was nearly flat.
Volatility expected for CAD: Monthly employment reports will be released in Canada today at 12:30 GMT, potentially impacting the Canadian dollar.
Etsy tumbles on disappointing earnings: After roughly quadrupling in 2020 as consumers were forced online, craft marketplace Etsy’s share price has had a rockier 2021 so far. Yesterday, Etsy’s share price fell by 14.6% after it delivered its first quarter earnings numbers, with the stock now down more than 30% from its all-time high. For the most recent and significant price movements in markets, check out the Market Movers page.
Europe opens higher: The UK100 opened 29 points higher, the GER30 was up 68 points and the FRA40 opened 20 points higher.
