FTSE 100 Remains Flat Amid Geo-Political Tensions

Global Markets: On the last trading day of this week, equities at the Wallstreet were trading in green zone, with the Dow Jones Industrial Average Index was trading 166.97 points or 0.65 per cent higher at 25,995.33, the S&P 500 Index was quoting at 2,888.38 and surged by 17.66 points or 0.62 per cent against the previous day close, and the technology benchmark index Nasdaq Composite accelerated by 29.59 points or 0.37 per cent to 7,940.18, at the time of writing.

Global News: While negotiators entered the second day of last-ditch negotiations to try to save a deal, Washington increased its tariffs to 25% from 10% on Chinese goods worth $200 billion. This rattled the market as investors are worried the dispute could spiral out of control, leading to more money being pushed into bonds. Underlying U.S. consumer prices remained muted at 0.3 per cent in April, while CPI rose by 2 per cent year-on-year.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 4.12 points or 0.06% lower at 7,203.29, the FTSE 250 index snapped 81.22 points or 0.42% higher at 19,366.80, and the FTSE All-Share Index ended 0.72 points or 0.02% higher at 3,955.81 respectively. European benchmark index STOXX 600 ended 1.22 points or 0.32% higher at 377.14 respectively.

European News: In line with expectations from the Bank of England, GDP grew at a quarterly rate of 0.5% in the first quarter of 2019, indicating a sharp one-off boost from manufacturers. Donald Tusk, the president of the European Council, said the probability of the UK not leaving the EU is as high as 30 per cent.

London Stock Exchange

Top Risers Stocks: SIRIUS MINERALS PLC (SXX), THOMAS COOK GROUP PLC (TCG), and XAAR PLC (XAR) rose by 9.01 per cent, 6.59 per cent and 5.96 per cent respectively.

Top Fallers Stocks: LOW & BONAR PLC (LWB), SUPERDRY PLC (SDRY) and MCBRIDE PLC (MCB) declined by 7.05 per cent, 5.41 per cent and 4.95 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart as on May 10, 2019. (Source: Thomson Reuters)

Top Performers Stocks: INTERTEK GROUP PLC (ITRK), INTERNATIONAL CONSOLIDATED AIRLINES GROUP S.A. (IAG) and MORRISON (WM) SUPERMARKETS PLC (MRW) increased by 1.99 per cent, 1.90 per cent and 1.75 per cent respectively.

Top Laggards Stocks: BUNZL PLC (BNZL), IMPERIAL BRANDS PLC (IMB) and BRITISH LAND COMPANY PLC (BLND) declined by 2.97 per cent, 2.83 per cent and 2.40 per cent respectively.

Top Volume Leaders: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD) and BP PLC (BP).

Top Performers Sectors: Utilities (+0.51%), Basic Materials (+0.46%), and Industrials (+0.44%).

Top Fallers Sectors: Healthcare (-1.44%), Technology (-0.36%) and Consumer Non-Cyclicals (-0.34%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.3009 and 0.8636 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.462% and 1.139% respectively.

Â

*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 Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is not authorised or regulated by the Financial Conduct Authority to provide regulated advice. The 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. The Content is guidance about the different types of investments that are available and sets out general principles to continue before making investment decisions. Kalkine Media is neither authorised nor qualified to provide regulated 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 an appropriately authorised and/or qualified 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.

   

Kalkine

Rated 4.3/5 based on 904 Reviews at Google My Business