UK Market News: The London markets traded in a green zone driven by optimistic investors’ sentiments related to the relaxation of remaining Covid-19 restrictions. Moreover, the UK services sector had further expanded during June 2021. The IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) came out to be 62.4 in June 2021.
FTSE 100-listed Airline stocks like International Consolidated Airlines Group and Rolls-Royce Holdings shares jumped by around 5.72% and about 2.23%, respectively, amid hopes of recovery after relaxation of remaining restrictions.
WM Morrison Supermarkets shares surged by about 11.19% after it had accepted the takeover offer from the consortium of investment groups worth approximately USD 8.70 billion.
BATM Advanced Communications stated that it received a cybersecurity contract worth approximately USD 10 million from the government defence department customer. Moreover, the shares went up by approximately 5.22%.
Hipgnosis Songs Fund Ltd shares dropped by around 0.38% after the release of the full-year results. Moreover, the Company had reported a growth in the operative net asset value per share and top-line revenue during the period.
European Indices Performance (at the time of writing):
FTSE 100 Index One Year Performance (as on 5 July 2021)
1 Year FTSE 100 Chart (Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group Plc (LLOY); International Consolidated Airlines Group S.A. (IAG); Rolls-Royce Holdings Plc. (RR.).
Top 3 Sectors traded in green*: Financials (+1.44%), Basic Materials (+1.22%) and Real Estate (+0.95%).
Top 2 Sectors traded in red*: Healthcare (-0.74%) and Technology (-0.17%).
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 $77.16/barrel and $76.33/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,792.00 per ounce, up by 0.49% against the prior day closing.
Currency Rates*: GBP to USD: 1.3855; EUR to GBP: 0.8567.
Bond Yields*: US 10-Year Treasury yield: 1.431%; UK 10-Year Government Bond yield: 0.7150%.
*At the time of writing