UK Market: The UK stock market moved higher on Monday, with the blue-chip FTSE100 index gaining over 0.5%. Mining stocks including Anglo American, Rio Tinto, and Antofagasta pulled the index higher. European markets were boosted amid the hopes that the US Federal Reserve won’t raise the interest rates as aggressively as it was anticipated earlier. While the mood of the investors has been lifted, their attention has shifted to the G7 summit and the prospective price cap system for Russian oil.
Anglo American plc (LON: AAL): The shares of the leading British metals producer, Anglo American plc, were up by 3.29%, with a day’s high of GBX 3,167.00. The company’s De Beers Group has recently sold rough diamonds worth US$650m in its fifth sales cycle of 2022 and has been performing well in the US market.
Rio Tinto plc (LON: RIO): The shares of the Anglo-Australian mining giant, Rio Tinto plc, were up by 2.13%, with a day’s high of GBX 5,085.00. Two days ago, a US appeals court ruled that Rio will get thousands of acres in Arizona for its copper mine despite opposition from native Americans.
Antofagasta plc (LON: ANTO): The shares of the Chilean mining business, Antofagasta plc, were up by 1.90%, with a day’s high of GBX 1,207.00. After a recent leak found in one of its pipelines, the company has warned of lower annual copper production.
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 11.50 points or 0.29% at 3,928.50, while the Dow Jones 30 future was up by 0.19% or 60 points at 31,541.00. The technology-heavy index Nasdaq Composite future was also up by 0.39% or 47 points, at 12,187.50. (At the time of writing – 9:40 AM ET).
The shares of the German biotechnology business, BioNTech (BNTX), were up by 2.1% in the premarket trading session. The company has declared with its partner Pfizer (PFE) that their omicron booster shots improved the immune response of people against the variant.
The shares of the leading American tobacco producer, Altria (MO), were up by 1% in the premarket trading session. This happened after Juul, in which Altria has a majority stake, won a provisional stay of the FDA embargo on its e-cigarette items.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 27 June)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), BP plc (BP.), Centrica plc (CNA)
Top 3 Sectors traded in green*: Basic Materials (0.99%), Energy (0.97%), Industrials (0.89%)
Top sector traded in red*: Technologies (-0.28%), Healthcare (-0.14%)
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 $108.56/barrel and $106.72/barrel, respectively.
Gold Price*: Gold price was hovering at around US$ 1,829.90 per ounce, down by 0.02% against the prior day's closing.
Currency Rates*: GBP to USD: 1.2286; EUR to USD: 1.0585.
Bond Yields*: US 10-Year Treasury yield: 3.156%; UK 10-Year Government Bond yield: 2.3650%.
*At the time of writing