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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Barclays Plc    BARC   GB0031348658

BARCLAYS PLC

(BARC)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 11/25 11:30:00 am
143.6 GBX   -4.39%
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GLOBAL-MARKETS-Stocks rally, Treasury yields hit highs on stimulus hopes

10/23/2020 | 10:21am EST

(New throughout, adds opening prices for U.S. stock indexes)

* Dow Jones Industrial Average up 0.2%; S&P 500 up 0.4%

* U.S. Treasury yields hit 4-month highs

* European stocks boosted by strong Q3 earnings

* Britain, EU meet for Brexit talks

* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn

* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh

NEW YORK, Oct 23 (Reuters) - Global stocks rallied and benchmark U.S. Treasury yields hit 4-month highs on Friday, buoyed by optimism that a deal can be reached on a fresh U.S. coronavirus relief package.

White House Chief of Staff Mark Meadows late on Thursday said that negotiations with lawmakers on a coronavirus relief package, now totalling $1.9 trillion, have entered a new phase with congressional committee chairs meeting and the two sides trading technical language.

The Dow Jones Industrial Average opened up 66.2 points, or 0.23%, to 28,429.86, the S&P 500 gained 12.62 points, or 0.37%, to 3,466.11 and the Nasdaq Composite added 31.97 points, or 0.28%, at 11,537.98.

"The stimulus talks are continuing so the market is happy about that even though we probably won't get anything done before the election," said Thomas Hayes, managing member at Great Hill Capital LLC in New York.

Expectations of bigger government stimulus have also boosted U.S. borrowing costs. Benchmark 10-year Treasury yields rose as high as 0.872%, the highest since June 9. It is now edging above its 200-day daily moving average, which it has held under since December 2018.

The yield curve between two-year and 10-year notes steepened to 71 basis points, the widest spread since June 5.

Gains in U.S. stock markets were capped by investors keeping their powder dry ahead of the U.S. election on Nov. 3.

U.S. President Donald Trump trails former vice president Joe Biden in national polls, but the contest is much tighter in some battleground states where the election will likely be decided.

The final debate between Trump and Biden on Thursday offered few surprises and little new direction.

"There is no reason for markets to take big long positions as we have the election in less than 10 days," said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners.

European stocks were up 1%, heading for their best day in five trading sessions, but still set for their worst week in a month. Strong third-quarter results offset key business survey data showing patchy recoveries in Germany and France.

Britain's main stock index rose 1.5% in its best day since early September after Barclays reported stronger-than-expected third-quarter earnings and last month's British retail sales beat expectations.

The chief negotiators for Britain and the European Union meet on Friday for talks on a last-gasp trade deal to avert a tumultuous finale to the five-year Brexit crisis.

In Asia-Pacific, MSCI's broadest index of the region's shares outside Japan was flat, while Japan's Nikkei ticked up 0.2% and the CSI300 index of mainland China shed 1.3%.

The MSCI world equity index, which follows shares in nearly 50 countries, was up 0.2%, but set for its biggest weekly fall in a month.

In the euro zone, Italian 10-year bond yields dropped 4 basis points to 0.767% as investors seemed confident an S&P Italy ratings review late on Friday will not lead to a downgrade.

In currency markets, the dollar was 0.2% lower against a basket of currencies early in Europe, shy of a seven-week low hit on Wednesday.

The euro ticked up 0.3% against the dollar, as was sterling at $1.3084.

The Chinese yuan also held its ground against the dollar after an official at China's foreign exchange regulator said it has been more stable than expected, suggesting authorities are not too worried about its recent rise.

Oil prices gained. Brent futures added 0.5% to $42.68 per barrel. U.S. crude futures gained 0.5% to $40.84 per barrel.

Spot gold rose 0.4% to $1,911.14 per ounce.

(Additional reporting by Tom Arnold in London and Medha Singh and Shivani Kumaresan in Bengaluru Editing by Tomasz Janowski and Nick Zieminski)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -4.53% 143.4 Delayed Quote.-16.39%
DJ INDUSTRIAL -0.58% 29872.47 Delayed Quote.3.69%
EURO / BRITISH POUND (EUR/GBP) -0.01% 0.89033 Delayed Quote.5.09%
LONDON BRENT OIL 1.92% 48.84 Delayed Quote.-30.61%
MSCI WORLD INDEX (STRD, UHD) 0.10% 2589.67 Real-time Quote.7.99%
NASDAQ 100 0.60% 12152.215271 Delayed Quote.38.32%
NASDAQ COMP. 0.48% 12094.402197 Delayed Quote.32.41%
NIKKEI 225 0.50% 26296.86 Real-time Quote.10.61%
S&P 500 -0.16% 3629.65 Delayed Quote.12.52%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.16% 6.5636 Delayed Quote.-5.45%
WTI 2.26% 45.795 Delayed Quote.-29.68%
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Financials
Sales 2020 21 580 M 28 885 M 28 885 M
Net income 2020 1 084 M 1 451 M 1 451 M
Net Debt 2020 - - -
P/E ratio 2020 22,5x
Yield 2020 1,24%
Capitalization 24 884 M 33 308 M 33 307 M
Capi. / Sales 2020 1,15x
Capi. / Sales 2021 1,20x
Nbr of Employees 80 800
Free-Float 99,6%
Chart BARCLAYS PLC
Duration : Period :
Barclays Plc Technical Analysis Chart | BARC | GB0031348658 | MarketScreener
Technical analysis trends BARCLAYS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 150,32 GBX
Last Close Price 1,43 GBX
Spread / Highest target 16 288%
Spread / Average Target 10 383%
Spread / Lowest Target 4 993%
EPS Revisions
Managers
NameTitle
James Edward Staley Group Chief Executive Officer & Director
Nigel Paul Higgins Group Chairman
Mark Ashton Rigby Group Chief Operating Officer
Tushar Morzaria Group Finance Director & Executive Director
Timothy James Breedon Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BARCLAYS PLC-16.39%34 803
JPMORGAN CHASE & CO.-12.46%375 904
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-23.67%257 289
BANK OF AMERICA CORPORATION-17.58%250 700
CHINA CONSTRUCTION BANK CORPORATION-12.48%190 794
CHINA MERCHANTS BANK CO.. LTD.18.23%169 629