FTSE 100 moves higher, Royal Mail leads gainers  

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FTSE 100 moves higher, Royal Mail leads gainers  

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 FTSE 100 moves higher, Royal Mail leads gainers  
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UK Market News: The UK stock market made a positive start to the new week, with the blue-chip FTSE 100 index moving up higher on Monday, gaining around a per cent. After an unstable last week for the European markets induced by volatility on the Wall Street, London shares started the week on a positive note, while European markets broadly also had a positive session. The bear market talks have quietened amid the annual meeting of the World Economic Forum at Davos, Switzerland. The event is taking place in person for the first time since the pandemic hit the world, and it aims to discuss the current global economic challenges.

Royal Mail Group plc (LON: RMG): The shares of the UK-based company offering courier and postal services, Royal Mail Group plc, were up by 3.52%, with a day’s high of GBX 326.50. The group has recently reported growth in its annual revenues, which jumped from £12.64bn to £12.71bn in the year ending March 2022.

Aviva plc (LON: AV.): The shares of the leading life and pensions provider Aviva plc were up by 2.99%, with a day’s high of GBX 424.70. According to its Q1 trading update, Aviva has reported a 2% growth in its UK&I Life sales and 29% growth in its Total BPA sales. Controllable costs of the company have also declined by 3%.

J Sainsbury plc (LON: SBRY): The shares of the second biggest chain of supermarkets in the UK, J Sainsbury plc, were down by 0.47%, with a day’s low of GBX 231.50. The company has recently asked its shareholders to not vote in favour of a resolution forcing the company to pay a certain level of wages to its employees.

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 42 points or 1.08% at 3,942.25, while the Dow Jones 30 future was up by 1.12% or 349 points at 31,562.00. The technology-heavy index Nasdaq Composite future was also up by 0.94% or 110.75 points, at 11,951.50. (At the time of writing – 8:45 AM ET).

The shares of the American video game maker Electronic Arts (EA) went up by 2.5% in the premarket trading session. This happened after reports of the company’s search for a buyer or merger partner were released. Reportedly, the company is holding discussions with big brands like Amazon and Apple.

The shares of the leading virtualization platform, VMWare (VMW), went up by over 21% in the premarket trading session. This happened after it was reported that chipmaker Broadcom (AVGO) would buy the cloud computing company by way of a cash-and-stock deal.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 23 May 2022)

1 Year FTSE 100 Chart

(Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group Plc (VOD), Glencore plc (GLEN)

Top 3 Sectors traded in green*: Basic Materials (2.50%), Energy (2.05%), Technology (1.98%)

London Stock Exchange: Stocks Performance (at the time of writing):

Stock Performance on LSE

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $109.75/barrel and $109.89/barrel, respectively.

Gold Price*: Gold price was last reported to quote at US$ 1,852.41 per ounce, up by 0.55% against the prior day’s closing.

Currency Rates*: GBP to USD: 1.2562; EUR to USD: 1.0658.

Bond Yields*: US 10-Year Treasury yield: 2.833%; UK 10-Year Government Bond yield: 1.9605%.

*At the time of writing 

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