FTSE 100 Index Ended Monday’s Session On A Positive Note

  • Jun 03, 2019 BST
  • Team Kalkine
FTSE 100 Index Ended Monday’s Session On A Positive Note

Global Markets: Equity Indices at the Wallstreet were trading in red, with the S&P 500 Index was quoting at 2,733.96 and contracted by 18.10 points or 0.66 per cent lower against the previous closing level, the Dow Jones Industrial Average Index was trading 90.89 points or 0.37% lower at 24,724.15 and the technology benchmark index Nasdaq Composite declined by 139.49 points or 1.87% against the previous day closing price and quoting at 7,313.66, at the time of writing.

Global News: The tech-heavy Nasdaq was in the red zone and advances in other indexes were limited by steep losses in shares of internet giants on fears of regulatory risks, as news broke that U.S. Justice Department is preparing an antitrust investigation against Google & Amazon and could face heightened antitrust scrutiny. As high-level talks between Mexico and US were set to begin in Washington, Mexican officials said that the country could reach an agreement with the United States to resolve a dispute over migration.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 23.09 points or 0.32% higher at 7,184.80, the FTSE 250 index snapped 93.08 points or 0.49% lower at 18,877.17, and the FTSE All-Share Index ended 7.23 points or 0.18% higher at 3,931.10 respectively. European benchmark index STOXX 600 ended 1.43 points or 0.39% higher at 370.49 respectively.

European News: Mr Trump is on a three-day state visit to the UK, where he is expected to discuss a range of issues. Boris Johnson, bookmakers' favourite to replace Prime Minister Theresa May who is due to resign on Friday, launched his leadership bid in a campaign video and promised that Brexit would happen on 31st October with or without an exit deal. The UK Manufacturing Purchasing Managers' Index (PMI) fell to 49.4 from 53.1 in April, as new orders dried up after Brexit stockpiling boom of early 2019, leading to the steepest downturn in British manufacturing in almost three years.

London Stock Exchange (LSE)

Top Performers Stocks: KCOM GROUP PLC (KCOM), AMIGO HOLDINGS PLC (AMGO), and CENTAMIN PLC (CEY) surged by 13.40 per cent, 12.90 per cent and 10.26 per cent respectively.

Top Laggards Stocks: KIER GROUP PLC (KIE), COUNTRYWIDE PLC (CWD), and STOBART GROUP LD (STOB) decreased by 41.12 per cent, 10.63 per cent and 9.55 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart as on June 03, 2019. (Source: Thomson Reuters)

Top Risers Stocks: NMC HEALTH PLC (NMC), FRESNILLO PLC (FRES) and EVRAZ PLC (EVR) rose by 4.35 per cent, 3.75 per cent and 2.48 per cent respectively.

Top Fallers Stocks: TUI AG (TUI), AUTO TRADER GROUP PLC (AUTO) and SCHRODERS PLC (SDR) reduced by 4.38 per cent, 3.34 per cent and 2.57 per cent respectively.


Top Risers Sectors: Healthcare (+1.68%), Basic Materials (+1.08%), and Energy (+0.57%).

Top Fallers Sectors: Technology (-1.24%), Financials (-0.48%) and Consumer Cyclicals (-0.26%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2672 and 0.8883 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.069% and 0.860% respectively. 

*At the time of writing

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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