FTSE100 moves to green as oil prices strengthen

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FTSE100 moves to green as oil prices strengthen

 FTSE100 moves to green as oil prices strengthen
Image source: © Arturszczybylo | Megapixl.com

UK Market: The UK stock market made a positive start to the new week and stood in green on Monday, with the blue-chip FTSE 100 gaining over 1% during the day. The index performance was boosted by oil stocks, with energy giants like Harbour Energy, BP, and Shell rallying. Fuel prices have continued to touch record highs even though wholesale prices have come down. On the other hand, the domestically-focused FTSE 250 gained 0.5% during the day. Both indexes kicked off the second half of this year on a subdued note.

Easyjet Plc (LON: EZJ): The shares of the Swiss low-cost airline plunged by over 4% and touched the day's low of GBX 358.20 after opening at GBX 383.10. The company's chief operating officer Peter Bellew has stepped down following a string of developments like flight cancellations and strikes in the recent weeks, pushing the airline into chaos.

Grafton Group Plc (LON: GFTU): Shares of the FTSE 250-listed builders merchants business slipped by over 6% after the company announced that its chief executive Gavin Slark would quit at the end of this year. He will also step down from the company's board.

Pets at Home Group Plc (LON: PETS): The shares of the pet supplies retailer nosedived by nearly 10% on Monday after touching the day's low of GBX 272.40. The company's stocks received a downgrade from the Royal Bank of Canada to 'underperform' from 'sector perform'. The company last week announced its plan to buy back £50 million worth of shares. 

US Markets: The US markets are closed on Monday on account of the Independence Day holiday. S&P 500 future stood at 3,825.33, up by 39.95 points or 1.06%, while the Dow Jones 30 future was at 31,097.26, up by 1.05% or 321.82 points. The technology-heavy index Nasdaq Composite future stood at 11,127.84, up by 0.90% or 99.11 points. (At the time of writing – 9:36 AM ET).

European Indices Performance (at the time of writing):

FTSE 100 Index One Year Performance (as on 4 July)

(Source: Refinitiv)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Vodafone Group plc (VOD), Tesco plc (TSCO)

Top 3 Sectors traded in green*: Energy (3.98%), Basic Materials (1.53%), Technology (1.11%)

Top sector traded in red*: Real Estate (-0.15%)

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 $113.00/barrel and $109.75/barrel, respectively.

Gold Price*: Gold price was hovering at around US$ 1,809.55 per ounce, up by 0.45% against the prior day's closing.

Currency Rates*: GBP to USD: 1.2155; EUR to USD: 1.0452.

Bond Yields*: US 10-Year Treasury yield: 2.889%; UK 10-Year Government Bond yield: 2.1910%.

*At the time of writing

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