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UK Market: The UK stock market was down for the third consecutive session on Thursday, with the blue-chip FTSE100 index losing over a per cent. The FTSE 100 index and the European stock markets were trading in the negative territory due to fears of further interest rate hikes. A major meeting of the European Central Bank regarding interest rate hikes is set to take place later today, which has shaken the European markets. Despite the FTSE 100 going down, energy stocks like BP and Shell managed to trade in the green.
Melrose Industries plc (LON: MRO): The shares of the UK-based manufacturing firm Melrose Industries plc were up by 4.69%, with a day’s high of GBX 165.10. After declaring the disposal of its Ergotron business earlier this week, the company has announced a £500mln share buyback.
Entain plc (LON: ENT): The shares of the global sports betting and gambling business, Entain plc, were up by 1.41%, with a day’s high of GBX 1,472.50. The company has recently released its ESG report making great progress in all fields across its operations.
BP plc (LON: BP.): The shares of the oil and gas supermajor, BP plc, were up by 0.40%, with a day’s high of GBX 453.20. The company has made bumper profits of $6.2 billion in Q1 2022 and is among the major North Sea drillers facing a windfall tax.
US Markets: The US markets are likely to get a sluggish start, as indicated by the futures indices. S&P 500 future was down by 20.25 points or 0.49% at 4,093.75, while the Dow Jones 30 future was down by 0.35% or 115 points at 32,774.00. The technology-heavy index Nasdaq Composite future was also down by 0.52% or 66 points, at 12,553.25. (At the time of writing – 9:30 AM ET).
The shares of the leading US-based department store chain, Target (TGT), were up by 1% in the premarket trading session. This happened after the company declared 1 20% increase in its dividends. The quarterly payout would go up from 90 cents per share to $1.08.
The shares of the globally leading diamond jewellery retailer, Signet Jewelers (SIG), were up by over 5% in the premarket trading session. This happened after the company declared its quarterly revenues and profits, surpassing the expectations.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 9 June 2022)
(Source: EODHD/Others)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone (VOD), BP plc (BP.)
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 $123.47/barrel and $121.67/barrel, respectively.
Gold Price*: Gold price hovered at US$ 1,851.60 per ounce, down by 0.25% against the prior day’s closing.
Currency Rates*: GBP to USD: 1.2556; EUR to USD: 1.0697.
Bond Yields*: US 10-Year Treasury yield: 3.025%; UK 10-Year Government Bond yield: 2.3240%.
*At the time of writing
