FTSE 100 Ends Higher After Positive Indication From Washington

3 min read | May 08, 2019 10:30 PM BST | By Team Kalkine Media

Global Markets: Stocks at the Wallstreet were trading in green, with Dow Jones Industrial Average Index was trading 116.41 points or 0.45 per cent higher at 26,081.50, the S&P 500 Index was quoting at 2,892.28 and added 8.23 points or 0.29 per cent against the previous day close and the technology benchmark index Nasdaq Composite was trading 16.11 points or 0.20 per cent in the upward direction at 7,979.86 respectively, at the time of writing.

Global News: After White House said China had indicated that they wanted to make a trade deal with the US, world equity markets rose and safe-haven bond prices fell on Wednesday, while oil rallied on the statement. Earlier, months of negotiations between the world's two largest economies were on the brink of blowing up as Beijing had made systematic edits to a nearly 150-page draft trade agreement. The latest round of talks is scheduled to begin on Thursday.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 10.53 points or 0.14% higher at 7,271.00, the FTSE 250 index snapped 66.22 points or 0.34% higher at 19,531.91, and the FTSE All-Share Index ended 6.72 points or 0.17% higher at 3,991.93 respectively. European benchmark index STOXX 600 ended 0.59 points or 0.15% higher at 382.23 respectively.

European News: In an attempt to break the political impasse over Brexit agreement, Prime Minister Theresa May told the Parliament on Wednesday that the government and Labour are working on a deal that can command a majority. Contrasting with other signs of a subdued housing market, British annual house price in the three months to April was 5 per cent higher Y-o-Y, hitting its highest in over two years and beating expectations.

London Stock Exchange

Top Risers Stocks: PURETECH HEALTH PLC (PRTC), LOW & BONAR PLC (LWB), and SIRIUS MINERALS PLC (SXX) rose by 7.81 per cent, 6.85 per cent and 5.92 per cent respectively.

Top Fallers Stocks: THOMAS COOK GROUP PLC (TCG), CARPETRIGHT PLC (CPR) and METRO BANK PLC (MTRO) declined by 8.26 per cent, 6.86 per cent and 6.79 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart as on May 08, 2019. (Source: Thomson Reuters)

Top Performers Stocks: MICRO FOCUS INTERNATIONAL PLC (MCRO), INFORMA PLC (INF) and HARGREAVES LANSDOWN PLC (HL.) increased by 3.86 per cent, 3.42 per cent and 2.16 per cent respectively.

Top Laggards Stocks: IMPERIAL BRANDS PLC (IMB), ITV PLC (ITV) and TUI AG (TUI) declined by 6.32 per cent, 6.08 per cent and 3.80 per cent respectively.

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

Top 3 Performers Sectors: Technology (+1.88%), Energy (+1.33%) and Healthcare (+0.70%).

Top 3 Fallers Sectors: Utilities (-1.79%), Telecommunications Services (-0.88%) and Financials (-0.27%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.3005 and 0.8606 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.482% and 1.143% respectively.

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*At the time of writing


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