FTSE 100 surges past 7,600 taking cues from Asian peers

UK Market News: The UK’s benchmark index, FTSE 100 has strengthened in Monday’s trading session. The blue-chip index is up by 0.77% and is up above the 7,600 level for the first time since January 2020, taking cues from the positive investors’ sentiments in Asian markets, which had been passed on to the European markets as well following an 8.1% growth in China’s GDP in 2021, which is the fastest growth rate since 2011.  

Unilever Plc (LON: ULVR): Shares of the consumer goods was down by nearly 7%, with a day’s low of GBX 3,602, after the media report that the company has made a £50 billion takeover bid for GSK’s consumer healthcare business in December 2021, which was rejected by the GSK’s management amid small premium to its existing business valuation.

Reabold Resources Plc (LON: RBD): Shares of the upstream oil & gas project investor were up by over 8%, with a day’s high of GBX 0.19 after the company reported positive analysis and an initial production rate of 35.6 million cubic feet of gas per day at its West Newton A-2 well project.

Access Intelligence Plc (LON: ACC): Shares of the software technology company were down by nearly 23%, with a day’s low of GBX 116, despite the company reporting revenue growth of 73% at £33.1 million for the full year ended 30 November 2021.

US Market News: The US stock market remains close today on account of Martin Luther King Jr. Day.

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 17 January 2022)

(Source: Refinitiv)

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

Top 3 Sectors traded in green*: Healthcare (2.31%), Real Estates (1.60%), Consumer Cyclicals (1.23%),

Top 2 Sectors traded in red*: Consumer Non-Cyclicals (-0.58%), Utilities (-0.32%)

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 $85.61/barrel and $82.97/barrel, respectively.

Gold Price*: Gold price quoted at US$ 1,820 per ounce, up by 0.20% against the prior day closing.

Currency Rates*: GBP to USD: 1.3648; EUR to USD: 1.1399.

Bond Yields*: US 10-Year Treasury yield: 1.793%; UK 10-Year Government Bond yield: 1.1705%.

*At the time of writing