Skip to content Skip to footer
U.S Indices Make a comeback after a positive jobless claims report

U.S Indices Rebound, Oatly’s Debut & COVID-19 Rise in the UK

 Falling U.S. Jobless claims sends indices higher

After three consecutive days of losses, indices in the United States rebounded on Thursday, helped by declining jobless claims.

Data released by the Labor Department showed that Initial Jobless Claims came in at 444,000 for the week which ended May 15th.

This was better than the 478,000 claims the week prior, and lower market expectations of 450,000 applications this week. 

Today’s number is the second straight week that claims have been below 500,000 and provides a sign of real-time recovery within the U.S. jobs market.

As a result of today’s data, the S&P 500, NASDAQ and Dow Jones were up between 0.42% – 1.4% as of writing.

Oatly climbs 28% on NASDAQ debut

The NASDAQ was up by as much as 1.46% in today’s trading session, as Swedish company Oatly made its debut on the Wall Street exchange.

Oatly, which produces oat milk as a substitute for standard milk has become popular in recent years as more and more people move away from Dairy.

Last year the company’s revenue rose to $421.4 million, and today filed its IPO at $17 per share, valuing the company close to $10 billion.

This is well above the company’s main U.S. based competitor, Beyond Meat who also offer substitutes to meat and dairy products.

Oatley’s CEO Toni Petersson today stated that, “I don’t see anyone else taking that leadership position the way we are. We are really serious and ambitious about what we’re going to do here.”

Listed on the NASDAQ as $OTLY, the Swedish company saw its share price rise to as much as 28%. As of writing the stock was trading at $21.48.

UK COVID-19 cases reach 1-month high

The FTSE 100 rose for the second consecutive session on Thursday, climbing back above 7,000 points as a result.

This comes despite data from the United Kingdom revealing that coronavirus infections today rose to their highest in the last month.

Figures from Britain showed that there were 2,874 new COVID-19 cases on Thursday, which is the highest daily number of new cases since April 19th.

Despite this, the FTSE 100 closed 1% higher in today’s session, as it was also reported that over 37 million people had been given a first dose of COVID vaccine.

Quote of the day – “Time is your friend; impulse is your enemy.”

– John Bogle

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.
Website: www.tradeviewforex.com

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.
Website: www.tvmgloballtd.com

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.
Website: www.tradeview.eu

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.
Website: www.tradeviewlatam.com