Bank of America: time to sell stocks
BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
UK equities generally jump
On Friday, the British stock market was seen concluding the trading marathon up. It became possible due to the soaring sectors of fixed-line operators, car makers as well as food producers.
As a matter of fact, the UK 100 jumped by about 0.10% on the London Stock Exchange.
The top-notch performers among the parts of the index UK 100 were represented by shares of Capita PLC, which inched up by up to 7.70% closing at about 146.90. Besides this, stocks of Kingfisher PLC managed to acquire 3.44% coming up with a figure of 307.10. Paper BT Group PLC ascended by about 3.35% ending up with 209.95.
On the contrary, the main losers were represented by equities of Royal Mail PLC, which sank approximately 2.75%, completing the trading session at about 530.40. Stocks of BP PLC rallied by up to 2.01% showcasing a result of 555.10, while Royal Dutch Shell PLC Class A declined by 1.50% concluding the trading session at 2.559.00.
On the London Stock Exchange, the total number of securities, which grew in price (1128) beat the number of closed assets in the red (874). Simultaneously, quotations of 308 stocks didn’t change at all.
In addition to this among commodities June delivery gold futures lost about 0.08% hitting $1.303.30 per troy ounce. As for other commodities, the price of July delivery WTI futures declined 4.34% finishing the trading session with $67.64 per barrel. Besides this, July delivery Brent futures went down by about 3.52% demonstrating a result of $76.02 per barrel.
Furthermore, in the foreign exchange market, the currency pair GBP/USD inched down approximately 0.43% closing at 1.3323, while the currency pair EUR/GBP dived 0.02% trading at 0.8757.
Futures on the USD index managed to inch up by up to 0.39% offering an outcome of 94.09.
Similar
Johnson&Johnson’s vaccine boosts optimism
On Saturday, the US Food and Drug Administration approved Johnson&Johnson’s vaccine for emergency use against Covid-19. Will JNJ rise?
Earnings review: Twitter up, Cisco down
Twitter reported encouraging earnings results. Cisco's earnings beat estimates, but revenue declined for the fifth quarter in a row.
Latest news
Oil surged after OPEC meeting
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
USD surged after Fed's speech. NFP is eyed
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
What will happen to the euro after the ECB meeting?
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.
Deposit with your local payment systems
