FTSE 100 moves higher as Hunt devours mini-budget

Barratt Developments Plc (LON: BDEV): The shares of the leading UK home construction business, Barratt Developments Plc, were up by 5.16%, with a day’s high of GBX 364.90. The business has recently reported a decrease in its private reservations amid soaring economic uncertainty.

Hargreaves Lansdown plc (LON: HL.): The shares of the UK’s leading financial services firm, Hargreaves Lansdown plc, were down by 5.15%, with a day’s low of GBX 770.60. The firm has announced that its CEO Chris Hill will be stepping down next year.

Halma plc (LON: HLMA): The shares of the life-saving technology company, Halma plc, were down by 3.97%, with a day’s low of GBX 1,962.00. The company has recently taken over IZI Medical Products, a Maryland-based medical device manufacturer.

US Markets: The US market is likely to get a positive start, as indicated by the futures indices. S&P 500 future was up by 43.50 points or 1.21% at 3,641.25, while the Dow Jones 30 future was up by 1.02% or 304 points at 30,041.00. Meanwhile, the technology-heavy index Nasdaq Composite future was also up by 1.49% or 159.75 points, at 10,900.50. (At the time of writing – 8:30 AM ET).

The shares of the American banking organisation, Bank of America (BAC), were up by over 3% in the premarket trading session. This happened after the bank reported an increase in its net income in its third-quarter earnings report.

The shares of the natural gas producer Archaea Energy (LFG) were up by over 5% in the premarket trading session after it agreed to be taken over by BP for $26 per share.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 17 October)  

                                    (Source: Refinitiv)

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

Top 3 sectors traded in green*:  Utilities (2.76%), Real Estate (1.96%), Financials (1.90%)

Top sector traded in red*: Energy (-0.57)

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 $92.36/barrel and $85.28/barrel, respectively.

Gold Price*: Gold price was quoting at US$ 1,670.85 per ounce, up by 1.33% against the prior day closing.

Currency Rates*: GBP to USD: 1.1354; EUR to USD: 0.9784

Bond Yields*: US 10-Year Treasury yield: 3.922%; UK 10-Year Government Bond yield: 3.9710%

*At the time of writing