European Shares Edged Higher At The Closing

  • May 17, 2019 BST
  • Team Kalkine
European Shares Edged Higher At The Closing

Global Markets: Equity Indices in the United States were trading in green, with the S&P 500 Index was quoting 34.49 points or 1.21 per cent higher at 2,885.45, the price-weighted Dow Jones Industrial Average Index was 270.40 points or 1.05 per cent higher at 25,918.42, and the technology benchmark index Nasdaq Composite was trading at 7,921.72 and added 99.57 points or 1.27 per cent against the previous day closing level, at the time of writing.

Global News: U.S. homebuilding increased more than expected in April as housing starts rose 5.7 per cent to a seasonally adjusted annual rate of 1.235 million units last month, while activity in the prior month was stronger than initially thought. US weekly jobless claims fell more than expected as initial jobless claims sank by 16,000 to a seasonally adjusted 212,000 for the week ended May 11. Positive news led to a gain in U.S. benchmark bond yields gained and equity market.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 56.56 points or 0.78% higher at 7,353.51, the FTSE 250 index snapped 160.88 points or 0.83% higher at 19,530.65, and the FTSE All-Share Index ended 30.66 points or 0.77% higher at 4,028.33 respectively. European benchmark index STOXX 600 ended 4.82 points or 1.27% higher at 382.88 respectively.

European News: The chairman of Conservative Committee said on Thursday that after the latest attempt in early June to get Brexit deal approved by the parliament, British Prime Minister Theresa May will set out a timetable for her departure. Amid increasing fears of a disorderly departure, sterling neared a four-month low on Thursday; it has weakened by more than 1% this month.

London Stock Exchange

Top Risers Stocks: GENUS PLC (GNS), SOPHOS GROUP PLC (SOPH), and RENEWI PLC (RWI) rose by 14.08 per cent, 13.85 per cent and 10.45 per cent respectively.

Top Fallers Stocks: THOMAS COOK GROUP PLC (TCG), XAAR PLC (XAR) and METRO BANK PLC (MTRO) declined by 14.72 per cent, 8.47 per cent and 8.13 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart as on May 16, 2019. (Source: Thomson Reuters)

Top Performers Stocks: HARGREAVES LANSDOWN PLC (HL.), EXPERIAN PLC (EXPN) and HISCOX LTD (HSX) increased by 3.84 per cent, 3.62 per cent and 3.49 per cent respectively.

Top Laggards Stocks: BURBERRY GROUP PLC (BRBY), NATIONAL GRID PLC (NG.) and UNITED UTILITIES GROUP PLC (UU.) declined by 5.91 per cent, 3.36 per cent and 3.12 per cent respectively.

Top Volume Leaders: VODAFONE GROUP PLC (VOD), LLOYDS BANKING GROUP PLC (LLOY), and GLENCORE PLC (GLEN).

Top Performers Sectors: Basic Materials (+1.94%), Technology (+1.88%), and Financials (+1.15%).

Top Fallers Sectors: Utilities (-2.78%) and Telecommunications Services (-0.62%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2797 and 0.8732 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.409% and 1.074% respectively. 

*At the time of writing

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