FTSE 100 moves higher as GDP grows in July

September 12, 2022 11:03 PM AEST | By Rishika Raina
 FTSE 100 moves higher as GDP grows in July
Image source: ©2022 Kalkine Media®

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


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 Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. 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 that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website 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 as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.