FTSE 100 slips into red weighed down by weak services PMI

3 min read | January 06, 2022 03:07 PM GMT | By Team Kalkine Media

US Markets: The US market is likely to have a mildly subdued start after a sharp selloff in the previous trading session. S&P 500 future was down by 2 points or 0.04% at 4,690, while the Dow Jones 30 futures was up by 0.21% or 78 points at 36,370. The technology-heavy index Nasdaq Composite future was down by 0.48% at 15,689 (At the time of writing – 8:55 AM ET).

US Market News: Shares of the pharmacy chain operator Walgreens Boots Alliance rose by nearly 4% in premarket trading after the company reported better first-quarter earnings and revenues. Shares of the home goods retailer Bed Bath & Beyond were trading in the green in the premarket after yesterday’s fall following the announcement of its third-quarter results.

UK Market News: The UK stock market traded in negative territory towards the end of the session. The benchmark FTSE100 index was below the 7,500 level, down by 0.50% at 7,479. The mid-cap focused FTSE250 index was down by 1.16% at 23,494. The December IHS Markit/CIPS services PMI (Purchasing Managers' Index) slumped to its lowest level in 10-month at 53.6 in from 58.5 recorded in the previous month.

Angus Energy Plc (LON:ANGS): Shares of the investment holding company that distributes hydrocarbon was up by over 35%, with a day’s high of GBX 1.08 after the company’s board announced that it would undertake a strategic review for a potential sale of the company to maximise value for the existing shareholders.

Dr Martens Plc (LON: DOCS): Shares of the footwear company was down by over 11%, with a day’s low of GBX 366.60 after the company successfully raised gross sales proceeds of £257 million through a secondary placing of 65 million ordinary shares at a price of 395p per share.

Greggs Plc (LON: GRG): Shares of the bakery store operator were down by over 3.9%, with a day’s low of GBX 3,235 after the company announced the appointment of a new chief executive. Roisin Currie will be the new chief executive of the company.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as of 06 January 2022)

1 Year FTSE 100 Chart

(Source: EODHD/Others)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY), International Consolidated Airlines Group (IAG), Vodafone Group Plc (VOD).

Top 2 Sectors traded in green*: Energy (0.78%), Financials (0.02%)

Top 3 Sectors traded in red*: Industrials (-2.96%), Technology (-1.91%), Real Estates (-1.63%)

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

Stocks Performance on LSE

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $82.39/barrel and $79.70/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,789 per ounce, down by 1.96% against the prior day closing.

Currency Rates*: GBP to USD: 1.3534; EUR to USD: 1.1312.

Bond Yields*: US 10-Year Treasury yield: 1.725%; UK 10-Year Government Bond yield: 1.1390%.

*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, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. 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/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content 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 or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next