FTSE 100 moves higher after closing at an 18-month low last night

Follow us on Google News:
 FTSE 100 moves higher after closing at an 18-month low last night
Image source: bluebay, Shutterstock.com

UK Market: The UK stock market was trading in the positive territory on Thursday, with the blue-chip FTSE100 index gaining around 0.6 per cent. This comes as traders get ready for higher volatility as US inflation figures may signal towards a huge rate hike by the Federal Reserve yet again. Headline CPI for September is projected to have slipped marginally from the earlier month’s annual rate of 8.3%, although a higher-than-expected rate would potentially drive the Fed to lift the interest rates further. Following strong declines in banking and housebuilding stocks, the FTSE 100 index closed at an 18-month low yesterday.


Entain plc (LON: ENT): The shares of the sports betting and gambling group, Entain plc, were up by 6.98%, with a day’s high of GBX 1,164.50. The group has released its Q3 trading update, reporting a 2$% hike in its net gaming revenue.

Barratt Developments plc (LON: BDEV): The shares of the British home construction business, Barratt Developments plc, were up by 6.63%, with a day’s high of GBX 347.30. The group has recently reported a decrease in private reservations amid rising economic concerns.

Lloyds Banking Group plc (LON: LLOY): The shares of the leading British banking group, Lloyds Banking Group plc, were up by 6.82%, with a day’s high of GBX 41.76. The group has declared the completion of its £2bn share buyback announced in February.

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 39.50 points or 1.10% at 3,628.25, while the Dow Jones 30 future was up by 1.03% or 301 points at 29,556.00. Meanwhile, the technology-heavy index Nasdaq Composite future was also up by 0.89% or 96 points, at 10,933.00. (At the time of writing – 8:30 AM ET).

The shares of the airline group, Delta Air Lines (DAL), went up by 3.9% in the premarket trading session. This happened after the release of its positive current-quarter forecast amid the revival of travel demand.

The shares of the drugstore operator, Walgreens (WBA), went up by 6.8% in the premarket trading session. This happened after the company declared higher-than-expected revenue and profit for the quarter.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 13 October)      

                                                                                          (Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Barclays plc (BARC), International Consolidated Airlines Group S.A. (IAG)

Top 3 sectors traded in green*:  Real Estate (2.45%), Financials (1.41%), Utilities (1.11%) 

Top 3 sectors traded in red*: Consumer Non-Cyclicals (-2.07%), Healthcare (-1.80%), Basic Materials (-1.42%)

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 $91.49/barrel and $85.92/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,658.10 per ounce, down by 1.16% against the prior day closing.

Currency Rates*: GBP to USD: 1.1205; EUR to USD: 0.9667

Bond Yields*: US 10-Year Treasury yield: 4.024%; UK 10-Year Government Bond yield: 4.2860%

*At the time of writing

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Featured Articles