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

Image Source: ©Rawpixelimages - Megapixl.com

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

 

 

 

 


 

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal