Global Markets: Stocks in the United States were hovering in green, with the Dow Jones Industrial Average Index added 271.06 points or 1.05% during the session and was quoting at 25,988.80, the S&P 500 index added 33.31 points or 1.17% and quoting at 2,878.05 and the technology benchmark index Nasdaq Composite bagged 104.99 points or 1.36% against the previous day closing level and quoting 7,831.03 respectively, at the time of writing.
Global News: On Tuesday, US President Donald Trump dismissed concerns over trade war and the White House economic advisor Larry Kudlow said that the administration was still open to trade talks, even as China warned of repercussions after the US designated China as a currency manipulator. After leading indices recorded their sharpest one-day percentage declines of the year, helped by technology shares, US stocks rose on Tuesday.
European Markets: The broader equity benchmark index FTSE 100 fell by 52.16 points or 0.72% to 7,171.69, the FTSE 250 index declined by 25.22 points or 0.13% lower to close at 18,846.20, and the FTSE All-Share Index ended 23.45 points or 0.59% lower to end the session at 3,920.70 respectively. Another European equity benchmark index STOXX 600 ended at 367.71, down by 1.72 points or 0.47 per cent.
European News: The British Retail Consortium said annual total sales growth picked up to 0.3% in July to report the weakest July sales growth since records began more than 20 years ago, even though record temperatures had followed a rainy June. Although the sterling remained susceptible to worries that the country is headed for a no-deal Brexit, it rebounded on Tuesday to hold above recent lows after it hit a two-year low against the euro overnight. As exporters and commodities-focused companies continued to be impacted by US-China trade war, the FTSE 100 index dropped for a sixth straight session on Tuesday, erasing all of the July gains.
London Stock Exchange (LSE)
Top Performers Stocks: SDL (SDL PLC), ROR (ROTORK PLC), and RWA (ROBERT WALTERS PLC) rose by 10.66 per cent, 7.56 per cent and 6.67 per cent respectively.
Top Laggards Stocks: SXX (SIRIUS MINERALS PLC), TCG (THOMAS COOK GROUP PLC), and RR. (ROLLS-ROYCE HOLDINGS PLC) reduced by 28.77 per cent, 19.69 per cent and 6.87 per cent respectively.
FTSE 100 Index
FTSE 100 Index Chart: 5-days Price Performance (as on August-06-2019), after the market closed. (Source: Thomson Reuters)
Top Risers Stocks: RBS (ROYAL BANK OF SCOTLAND GROUP PLC), SPX (SPIRAX-SARCO ENGINEERING PLC), and FERG (FERGUSON PLC) rose by 1.70%, 1.29%, and 1.26% respectively.
Top Fallers Stocks: RR. (ROLLS-ROYCE HOLDINGS PLC), NMC (NMC HEALTH PLC), and CNA (CENTRICA PLC) reduced by 6.87 per cent, 6 per cent and 2.67 per cent respectively.
Top Three Active Volume Stocks: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BARCLAYS PLC (BARC).
Top Performers Sectors: Technology (+0.27%), and Financials (+0.05%).
Top Fallers Sectors: Energy (-1.40%), Utilities (-1.35%), and Basic Materials (-1.25%).
Foreign Exchange and Fixed Income
FX Rates (at the time of writing): GBP/USD and EUR/GBP were trading at 1.2157 and 0.9210 respectively.
10-Year Bond Yields (at the time of writing): US 10Y Treasury and UK 10Y Bond yields were exchanging at 1.724% and 0.515% respectively.