UK Market: The UK stock market was trading in the positive territory on Monday, with the blue-chip FTSE100 index gaining over 1.2 per cent. This happened as the Office for National Statistics unveiled on Monday that the UK GDP growth stood at 0.2% in July, indicating a potential return to normalcy after a 0.6% contraction in the preceding month. However, the growth was lower than expected, which may be attributed to a decline in construction and industrial production. Nevertheless, services compensated for the decline with 0.4% growth, implying that the overall economic growth was flat in the quarter.
Tesco plc (LON: TSCO): The shares of the prominent retailer of groceries and general merchandise, Tesco plc, surged by 4.17%, with a day’s high of GBX 249.90. The company has recently started stocking Love Hemp Group’s CBD products.
Anglo American plc (LON: AAL): The shares of the leading British producer of metals, Anglo American plc, rallied 3.81%, with a day’s high of GBX 3,038.00. Alien Metals has recently granted exclusive rights to the company for the Hancock iron ore project.
Berkeley Group Holdings plc (LON: BKG): The shares of the property developer and homebuilder, Berkeley Group Holdings plc, were up by 3.59%, with a day’s high of GBX 3,669.00. The company has announced that it anticipates meeting its full-year guidance.
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 21.25 points or 0.52% at 4,106.75, while the Dow Jones 30 future was up by 0.26% or 83 points at 32,346.00. Meanwhile, the technology-heavy index Nasdaq Composite future was up by 0.47% or 59 points, at 12,729.25. (At the time of writing – 8:30 AM ET).
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 12 September)
(Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group plc (VOD), BT Group plc (BT.A)
Top 3 sectors traded in green*: Basic Materials (2.66%), Consumer-Cyclicals (1.98%), Real Estate (1.46%)
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 $93.92/barrel and $87.66/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,740.65 per ounce, up by 0.71% against the prior day's closing.
Currency Rates*: GBP to USD: 1.1686; EUR to USD: 1.0144.
Bond Yields*: US 10-Year Treasury yield: 3.276%; UK 10-Year Government Bond yield: 3.0900%
*At the time of writing