AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- FTSE100 trades in the green, up by 0.64% on the first day of the new week.
- Labour shortage in the UK market could last for up to two years and could derail the economic recovery as per the Confederation of British Industry.
FTSE100 trades in the green on the first day of the new week, up by 0.64% at 7,183, while the mid-cap focused FTSE250 index trades at 24,249, up by 0.23%. However, there are some concerns as the labour shortages in the UK could last up to two years and could derail the economic recovery in the UK, as per Britain’s leading business lobby group Confederation of British Industry (CBI). Multiple industries across the United Kingdom were already facing labour and skilled worker shortage, which has worsened after the Brexit and Covid-19.
Top five FTSE100 gainer
ITV plc (2.67%), Burberry Group plc (2.30%), JD Sports Fashion plc (2.03%), Legal & General Group plc (1.94%), WPP plc (1.93%).
Top five FTSE100 losers
Fresnillo (-1.35%), British Land Co plc (-0.96%), Rio Tinto plc (-0.92%), Compass Group plc (-0.63%), National Grid (-0.53%).
European Markets
Major European market indexes are trading in the green. The German blue-chip DAX index is up by 0.75% at 15,899, while the benchmark index of France, CAC 40, was at 6,743, up by 0.80%. European markets are trading higher after German industrial orders saw a surge in July 2021, climbing by 3.4%. Also, the weaker US jobs report last week signals a delay in the Federal Reserve monetary policy tightening.
Currency Markets
The pound traded lower against the dollar at 1.3832, down by 0.24% after the previous close of 1.3865, while the EUR/ GBP currency pair traded at 0.8580, up by 0.16%. The dollar trades at higher levels against the major European currencies on Monday, recovering marginally after witnessing a sell-off on Friday closing following weak US job reports.
Commodities
WTI crude oil future contract traded at USD 69.08, down by 0.30%, while the Brent crude oil trades at USD 72.34, down by 0.37%. Crude oil trades in the red following Saudi Arabia, the world’s largest exporter of crude oil, will cut crude oil selling price by at least USD 1 a barrel in the Asian market, the largest crude oil importing region from October onwards.
Meanwhile, the Gold futures contract traded in the red, down by 0.50% at USD 1824 per ounce.
Asian Markets
Major Asia Pacific indexes closed in the green. Australia’s ASX200 closed at 7,528, up by 0.07%, while the Nikkei 225 of Japan closed at 29,659, up by 1.83%. Shanghai Composite of China closed at 3,621, up by 1.12%, while Hong Kong’s Hang Seng index closed at 26,163, up by 1.01%. India’s Nifty 50 closed at 17,377, up by 0.31%.
