FTSE 100 moves higher after a three-day losing streak

3 min read | August 25, 2022 11:45 PM AEST | By Rishika Raina

UK Market: The UK stock market was trading in the positive territory on Thursday, with the blue-chip FTSE100 index losing 0.23 per cent. The index broke a three-day losing streak as Asian markets trailed Wall Street’s run by entering the positive zone. CRH shares gave a boost to the index too after declaring impressive results. Stocks including Glencore, BP and Antofagasta also moved up by over 1%, taking the index higher.

CRH plc (LON: CRH): The shares of the building materials group, CRH plc, were up by 3.53%, with a day’s high of GBX 3,241.50. The company declared its interim results today showing its positive performance in the first half of the year.

Glencore PLC (LON: GLEN): The shares of the commodity trading and mining business, Glencore plc, were up by 1.51%, with a day’s high of GBX 505.20. The company has recently announced a $3bn share buyback programme as its profits rose to record-high levels.

Shell plc (LON: SHEL): The shares of the prominent British oil industry firm, Shell plc, were up by 1.13%, with a day’s high of GBX 2,318.50. On Wednesday, the company has signed an LNG deal with Energy Transfer LP.

US Markets: The US market is likely to get a decent start, as indicated by the futures indices. S&P 500 future was up by 16 points or 0.39% at 4,159.25, while the Dow Jones 30 future was up by 0.10% or 32 points at 32,985.00. The technology-heavy index Nasdaq Composite future was also up by 0.52% or 67 points, at 12,998.25. (At the time of writing – 9:10 AM ET).

The shares of the discount retailer, Dollar Tree (DLTR), tumbled by 6.6% in the premarket trading session. This happened after the company reduced its annual earnings forecast owing to the effect of pricing-related investments at its stores.

The shares of the apparel retailer, Abercrombie & Fitch (ANF), plunged by 10.5% in the premarket trading session. This happened after the company announced an unforeseen quarterly loss and lesser than estimated revenues.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 25 August)

                                                                  

                                                                       (Source: EODHD/Others)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), BP plc (BP.), Vodafone Group plc (VOD)

Top 3 sectors traded in red*:  Utilities (-0.82%), Consumer Non-Cyclicals (-0.58%),  Consumer Cyclicals (-0.57%)

Top 3 sectors traded in green*:  Energy (1.63%), Basic Materials (0.85%), Healthcare (0.47%)

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 $101.91/barrel and $95.11/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,771.25 per ounce, up by 0.56% against the prior day closing.

Currency Rates*: GBP to USD: 1.1797; EUR to USD: 0.9962.

Bond Yields*: US 10-Year Treasury yield: 3.102%; UK 10-Year Government Bond yield: 2.6420

*At the time of writing


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