FTSE 100 Index pared gains in Thursday’s market session

3 min read | August 22, 2019 06:01 PM BST | By Team Kalkine Media

Global Markets*:Â The global benchmark indices of the United States were trending in red zone, with the Dow Jones Industrial Average Index fell by 19.10 points or 0.07% to 26,187.67, the S&P 500 index trading 10.23 points or 0.36% lower at 2,914.20 and the Nasdaq Composite index was down by 56.23 points or 0.70% to 7,964.70 respectively.

Global News*: HIS Markit survey showed that preliminary measure on domestic manufacturing activity fell to 49.9 in August, recording its first month of contraction in almost a decade, while the gauge of new orders for manufactured goods fell to 49.5. This comes amid fears of recession due to the US-China trade conflict. As investors look ahead to a speech by the Federal Reserve Chief Jerome Powell for more clues on interest rate path and strong results from retailers indicated confidence in consumer demand, US equity and Treasury yields rose on Thursday.

European Markets*: The London’s broader equity benchmark index FTSE 100 traded at 75.79 points or 1.05% lower at 7,128.18, the FTSE 250 index snapped 2.43 points or 0.01% lower at 19,205.32, and the FTSE All-Share Index ended 33.75 points or 0.85% lower at 3,912.94 respectively. Another European equity benchmark index STOXX 600 ended at 374.29, down by 1.51 points or 0.40 per cent lower.

European News*: French President Emmanuel Macron told British Prime Minister Boris Johnson that it was too late for both the parties to initiate a full renegotiation but seemed open to an alternative to Irish border solution which can ensure stability in Ireland and respect the integrity of the EU single market. A report by Confederation of British Industry showed that retail sales plunged in August at the fastest pace since December 2008, as the gauge of retailers recorded its second weakest reading since records began in 1983. Decreased hopes of an aggressive rate cut by the Fed in September led to a fall in the FTSE 100 index on Thursday.

London Stock Exchange (LSE)

Top Performers*: NMC HEALTH PLC (NMC), NANOCO GROUP PLC (NANO) and FOXTONS GROUP PLC (FOXT) are top performers of the day and up by 22.68%, 8.79% and 8.46% respectively.

Worst Performers*: ARROW GLOBAL GROUP PLC (ARW), JOHN LAING GROUP PLC (JLG) and TRITAX BIG BOX REIT PLC (BBOX) are the top three laggards of the day and down by 7.12%, 5.36% and 5.24% respectively.

FTSE 100 Index

FTSE 100 Index Chart: 5-days Price Performance (as on August-22-2019), before the market closed. (Source: Thomson Reuters)

Performers*: NMC HEALTH PLC (NMC), ITV PLC (ITV) and PERSIMMON PLC (PSN) are the top three gainers in today’s session and up by 22.73%, 3.53% and 2.15% respectively.

Laggards*: SCOTTISH MORTGAGE INV TST PLC (SMT), ROLLS-ROYCE HOLDINGS PLC (RR.), and OCADO GROUP PLC (OCDO) are top laggards at the FTSE 100 index and down by 3.43%, 3.01% and 2.82% respectively.

Active by Volume*: LLOYDS BANKING GROUP PLC (LLOY), HSBC HLDGS PLC (HSBA), and VODAFONE GROUP PLC (VOD).

Worst Performing Sectors*: Technology (-1.83%), Energy (-1.54%) and Consumer Non-Cyclicals (-1.53%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were trading at 1.2247 and 0.9051, respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were exchanging at 1.593% and 0.517% respectively.

* At the time of writing


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