FTSE Declines For Fourth Consecutive Day

4 min read | October 04, 2019 08:10 AM AEST | By Team Kalkine Media

Global Markets*: Global benchmark indices at the Wallstreet were hovering in green zone with the broader index S&P 500 index surged by 20.25 points or 0.70% to 2,907.86, the price-weighted Dow Jones Industrial Average Index accelerated by 94.85 points or 0.36% to 26,173.47 and the Nasdaq Composite index edged up by 82.01 points or 1.05% to 7,867.26 (at the time of writing 01:45 PM ET).

Global News: On 3rd October 2019, the United States equities opened with a mix bag following the key equity benchmarks showing the largest one-day plunge since August 23 on the 2nd October 2019. Technology stocks were buzzing the most with 4 rising and 7 falling from the previous close. Netflix was down 3.09 per cent after an Italian prosecutor announced that they will open an investigation on tax evasion by Netflix in the country. Tesla was down 5.54 per cent in comparison with the previous close, after it was announced that the company was short on its own as well as the market’s expectations on its revenue. Facebook shares showed a rise of 0.75 per cent after a European court ruled that they will have to remove any illegal content on their website, worldwide. Also, stocks of PepsiCo Inc. were up 2.55 per cent after the soft drinks and snacks manufacturer reported that Q3 profits were higher than market’s anticipation.

S&P 500 (SPX)*

Top Performers: Marketaxess Holdings Inc, PepsiCo Inc and Activision Blizzard Inc are top gainers and increased by 4.13%, 2.52% and 2.28% respectively.

Worst Performers: Constellation Brands Inc, Arista Networks Inc and Delta Airlines Inc are the top three laggards and decreased by 6.87%, 4.68% and 4.03% respectively.

NASDAQ Composite (IXIC)*

Top Performers: PDS Biotechnology Corp, Safe-T Group Ltd and Synthesis Energy Systems Inc are top gainers and increased by 37%, 24.42% and 16.07% respectively.

Worst Performers: Enlivex Therapeutics Ltd, Go Pro Inc and Jaguar Health Inc are the top three laggards and decreased by 26.80%, 24.07% and 18.18% respectively.

Top Performing Sector: Consumers Non-Cyclicals (up 0.50%).

Worst Performing Sectors: Basic Materials (down 0.19%), Utilities (down 0.37%) and Telecommunication services (down 0.54%).

Dow Jones Industrial Average (DJI)*

Top Performers: McDonald’s Corp, Merck & Co Inc and Pfizer Inc are top gainers and increased by 0.48%, 0.13% and 0.03% respectively.

Worst Performers: 3M Co, Wallgreens Boots Alliance Inc and Caterpillar Inc are the top three laggards and decreased by 2.33%, 2.27% and 2.17% respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 44.90 points or 0.63% lower at 7,077.64, the FTSE 250 index snapped 128.75 points or 0.66% lower at 19,348.16, and the FTSE All-Share Index ended 24.95 points or 0.64% lower at 3,893.78 respectively. Another European equity benchmark index STOXX 600 ended at 377.46, down by 0.06 points or 0.02 per cent.

European News: The latest Brexit proposal by Prime Minister Boris Johnson was not entirely dismissed by the European Union, but EU officials expressed doubt on Thursday that an agreement could be signed before the latest deadline, as the new plan is only expected to be a starting point to more talks. IHS Markit/CIPS services Purchasing Managers Index (PMI) fell to a six-month low of 49.5 in September, while all-sector PMI sank to 48.8 from 49.7, leading to speculations that British economy fell into recession, with forecasts that economy shrank by 0.1 per cent in the three months to September. As investors waited for response by the EU to the latest proposal, Sterling was little moved on Thursday. However, worries over potential trade tariff by the US on European goods, combined with uncertainty over Brexit, led to a decline in the FTSE 100 index.

London Stock Exchange*

Top Performers: CMC MARKETS PLC (CMCX), TOWN CENTRE SECURITIES PLC (TOWN) and STANDARD LIFE PRIVATE EQTY TST PLC (SLPE) are top gainers and increased by 6.60%, 5.92% and 4.22% respectively.

Worst Performers: ZOTEFOAMS PLC (ZTF), TED BAKER PLC (TED) and CENTAMIN PLC (CEY) are the top three laggards and decreased by 36.45%, 34.79% and 10.75% respectively.

FTSE 100 Index*

(Source: Thomson Reuters) Price Performance in Last Five days (October-03-2019), before the market closed

Top Gainers: LONDON STOCK EXCHANGE GROUP PLC (LSE), SEGRO PLC (SGRO) and DIAGEO PLC (DGE) are top gainers and increased by 0.89%, 0.69% and 0.67% respectively.

Top Laggards: SMITH (DS) PLC (SMDS), KINGFISHER PLC (KGF) and TAYLOR WIMPEY PLC (TW.) are top losers and decreased by 7.19%, 4.92% and 4.46% respectively.

Top three Volume Leaders: (LLOY) LLOYDS BANKING GROUP PLC; (BP.) BP PLC; (VOD) VODAFONE GROUP PLC.

Worst Performing Sectors: Industrials (down 2.11%), Consumer Cyclicals (down 1.83%), and Basic Materials (down 1.83%).

Forex Rates*: GBP/USD and EUR/GBP were quoting at 1.2398 and 0.8857, respectively.

Bond Yields*: U.S 10-Year Treasuries yield was quoting at 1.536%, and the UK 10-Year Government Bond yield was trading at 0.468%, respectively.

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*At the time of writing


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