AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
UK Market: The UK stock market was trading in the negative territory on Friday, with the blue-chip FTSE100 index losing over 2 per cent. This happened following Kwasi Kwarteng’s mini-budget announcements were made, with consumer confidence hitting a record low level while markets navigated the pressures of rate hikes. Earlier today it was unveiled that GfK’s consumer confidence index dropped by five points in September to -49, which is the lowest score witnessed since records started in 1974.
Segro plc (REIT) (LON: SGRO): The shares of the industrial property investor, Segro plc, were down by 5.96%, with a day’s low of GBX 757.80. On Thursday, the company’s Chief Operating Officer Andy Gulliford has stepped down.
Land Securities Group plc (LON: LAND): The shares of the property developer and investor were down by 5.90%, with a day’s low of GBX 536.00. On Wednesday, the company announced that it is selling an office development in London for more than £800m.
Fresnillo Plc (LON: FRES): The shares of the precious metal miner, Fresnillo Plc, were down by 5.69%, with a day’s low of GBX 689.80. The company has recently said that more electrical testing is required prior to Juanicipio mine being tied into grid.
US Markets: The US market is likely to get a sluggish start, as indicated by the futures indices. S&P 500 future was down by 45.25 points or 1.20% at 3,727.50, while the Dow Jones 30 future was down by 1.09% or 330 points at 29,822.00. Meanwhile, the technology-heavy index Nasdaq Composite future was also down by 1.23% or 143.25 points, at 11,424.00. (At the time of writing – 8:30 AM ET).
The shares of the transportation, e-commerce and business services provider, FedEx (FDX), dropped by 3.2% in the premarket trading session. This happened after the company declared a 6.9% rise in shipping rates and its plans to cut down $4 billion more in annual costs.
The shares of the operator of membership-only big-box retail stores, Costco (COST), slumped by 3.3% in the premarket trading session. This happened in spite of the company reporting higher-than-expected profits and sales for the recent quarter.
European Indices Performance (at the time of writing):
_09_23_2022_13_22_47_822012.PNG)
FTSE 100 Index One Year Performance (as on 23 September)
_09_23_2022_13_23_20_308309.PNG)
(Source: Refinitiv)
Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Rolls Royce Holdings plc (RR.), BP plc (BP.)
Top 3 sectors traded in red*: Real Estate (-5.91%), Basic Materials (-3.92%), Energy (-2.78%)
London Stock Exchange: Stocks Performance (at the time of writing):
_09_23_2022_13_23_57_796098.PNG)
Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $87.95/barrel and $80.81/barrel, respectively.
Gold Price*: Gold price was quoting at US$ 1,652.55 per ounce, down by 1.70% against the prior day closing.
Currency Rates*: GBP to USD: 1.1076; EUR to USD: 0.9759
Bond Yields*: US 10-Year Treasury yield: 3.757%; UK 10-Year Government Bond yield: 3.8015%
*At the time of writing
