FTSE 100 falls with BoE’s intervention to reach £65 billion

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UK Market: The UK stock market was trading in the negative territory on Thursday, with the blue-chip FTSE100 index losing over 1 per cent. Moving in line with the drops on continental European bourses, London’s FTSE 100 also took a hit. This came with the expectations of the Bank of England’s intervention in the UK government debt market to cost £65 billion, along with £5 billion in bond buying per day for an additional 13 days.

Anglo American plc (LON: AAL): The shares of the leading British metals producer, Anglo American plc, were up by 3.13%, with a day’s high of GBX 2,814.00. The company has recently started with copper mining at its Quellaveco project in Peru.

Rio Tinto plc (LON: RIO): The shares of the Anglo-Australian mining giant, Rio Tinto plc, were up by 1.86%, with a day’s high of GBX 4,944.50. The company has recently approved the project to start underground mining at Kennecott in Utah.

Rolls-Royce Holdings plc (LON: RR.): The shares of the global aerospace and defence enterprise, Rolls-Royce Holdings plc, were up by 1.48%, with a day’s high of GBX 67.60. The company has recently completed its EUR1.7 billion sale of ITP Aero.

US Markets: The US market is likely to get a sluggish start, as indicated by the futures indices. S&P 500 future was down by 34 points or 0.91% at 3,697.50, while the Dow Jones 30 future was down by 0.72% or 216 points at 26,662.00. Meanwhile, the technology-heavy index Nasdaq Composite future was also down by 1.21% or 139.50 points, at 11,418.75. (At the time of writing – 8:45 AM ET).

The shares of the housewares retailer, Bed Bath & Beyond (BBBY), were down by 5.5% in the premarket trading session. This happened after the company reported a higher-than-expected quarterly loss along with less-than-expected sales.

The shares of the drug store operator, Rite Aid (RAD), were down by 14.2% in premarket trading session. This happened after the company reduced its adjusted earnings guidance for the entire year.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 29 September)     


                                                                       (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), BP plc (BP.), Barclays plc (BARC)

Top 3 sectors traded in green*:  Basic Materials (0.46%)

Top 3 sectors traded in red*: Consumer Cyclicals (-3.62%), Real Estate (-2.99%), Technology (-2.97%)

London Stock Exchange: Stocks Performance (at the time of writing):

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $88.46/barrel and $82.74/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,662.85 per ounce, down by 0.43% against the prior day closing.

Currency Rates*: GBP to USD: 1.0084; EUR to USD: 0.9783

Bond Yields*: US 10-Year Treasury yield: 3.783%; UK 10-Year Government Bond yield: 4.1415%


*At the time of writing






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