Broader Equity Benchmark Index FTSE 100 Closed In Green; Technology and Financials Sectors Shine

June 17, 2019 03:44 AM BST | By Team Kalkine Media
 Broader Equity Benchmark Index FTSE 100 Closed In Green; Technology and Financials Sectors Shine

Global Markets: On the first trading day of this week, equity indices in the United States were trading higher, with the S&P 500 index was trading at 2,893.06 and was up by 6.08 points or 0.21% in the Monday’s session, the Dow Jones Industrial Average Index increased by 54.95 points or 0.21% against the prior close and quoting at 26,144.56 and the technology benchmark index Nasdaq Composite trading at 7,859.40 and surged by 62.74 points or 0.80% against the previous close, at the time of writing.

Global News:Â Amid worsening tensions between the United States and Iran, Iran announced on Monday it would breach uranium enrichment limits in 10 days, a threat which was described by the White House as nuclear blackmail. The Federal Reserve bank is expected to leave borrowing costs unchanged at a policy meeting this week, despite facing fresh demands by President Donald Trump to cut interest rates. However, it is expected to remove a pledge to be patient in future action on rates, possibly laying the groundwork for a rate cut in the upcoming months.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 11.53 points or 0.16% higher at 7,357.31, the FTSE 250 index snapped 39.27 points or 0.20% higher at 19,157.61, and the FTSE All-Share Index ended 6.16 points or 0.15% higher at 4,016.96 respectively. European benchmark index STOXX 600 ended 0.35 points or 0.09% lower at 378.46 respectively.

European News: Boris Johnson, got a shot in the arm when Matt Hancock, one of his former rivals and EU supporter, announced his support to the Eurosceptic lawmaker. Hancock described Johnson as the best candidate to lead the party and said he was almost certain to win the contest. According to a poll, as most candidates appear to have adopted a hard-line stance, the likelihood of no-deal Brexit has jumped in the past month. Amid growing concerns that arch-Brexiteer Boris Johnson will replace Theresa May as prime minister, the pound fell to a near six-month low against the dollar on Monday.

London Stock Exchange (LSE)

Top Performers Stocks: RENEWI PLC (RWI), CARR'S GROUP PLC (CARR), and FINDEL PLC (FDL) surged by 7.42 per cent, 6.40 per cent and 4.84 per cent respectively.

Top Laggards Stocks: KIER GROUP PLC (KIE), LOW & BONAR PLC (LWB), and AMIGO HOLDINGS PLC (AMGO) decreased by 17.43 per cent, 15.79 per cent and 9.42 per cent respectively.

FTSE 100 Index

 FTSE100 Index: 5-days Price Chart as on June 17, 2019. (Source: Thomson Reuters)

Top Risers Stocks: HIKMA PHARMACEUTICALS PLC (HIK), EVRAZ PLC (EVR) and STANDARD CHARTERED PLC (STAN) rose by 3.34 per cent, 1.93 per cent and 1.89 per cent respectively.

Top Fallers Stocks: SMITH (DS) PLC (SMDS), EASYJET PLC (EZJ) and CENTRICA PLC (CNA) reduced by 5.11 per cent, 4.37 per cent and 2.45 per cent respectively.

Top Active Volume Leaders: LLOYDS BANKING GROUP PLC, VODAFONE GROUP PLC, and GLENCORE PLC.

Top Risers Sectors: Technology (+1.21%), Financials (+0.83%), and Healthcare (+0.54%).

Top Fallers Sectors: Utilities (-0.72%), Consumer Non-Cyclicals (-0.43%) and Telecommunications Services (-0.14%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2542 and 0.8944 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.082% and 0.850% respectively.Â

*At the time of writing


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