Global And European Markets Performance In Friday’s Session

Global Markets*: Broder indexes in the United States were trading in mix on the last trading day of this week, with the S&P 500 index was trading 2.99 points or 0.10% higher at 3,012.56, Dow Jones Industrial Average Index added 44.99 points or 0.17% and quoting at 27,227.44 and the technology benchmark index Nasdaq Composite was trading lower at 8,191.83 and down by 2.64 points or 0.03% against its previous day close, at the time of writing.

Global News: In the latest sign of easing China-US tensions before the authorities start the latest round of talks, Chinese authorities announced that the country would exempt some agricultural products from additional tariffs on American goods, as both the countries continue making conciliatory gestures before talks. Pointing to solid consumer spending, the Commerce Department on Friday reported that retail sales increased more than expected in August, increasing by 0.4 per cent, while core retail sales rose by 0.3 per cent. Positive news about US-China trade tensions and strong retail sales prompted Treasury yields to climb to multi-week peaks on Friday, while equity indices opened modestly higher on Friday.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 22.79 points or 0.31 per cent higher at 7,367.46, the FTSE 250 index snapped 233.18 points or 1.17 per cent higher at 20,195.75, and the FTSE All-Share Index ended 18.10 points or 0.45 per cent higher at 4,053.31 respectively. Another European equity benchmark index STOXX 600 ended at 391.79, up by 1.31 points or 0.34 per cent.

European News: As the London Stock Exchange choose to stick with its planned purchase of Refinitiv, the London-based bourse rejected a $39 billion takeover offer by the Hong Kong Stock Exchange, describing the valuation as substantially short. The British Prime Minister Boris Johnson said on Friday that he was cautiously optimistic about the possibility of a deal and as he prepared to meet European Commission President Jean-Claude Juncker, he said that there was the rough shape of a deal to be done over Brexit. After news emerged that the largest political party in Northern Ireland had agreed to accept some European Union rules after Brexit, the pound extended the dramatic rally on Friday and has now rallied more than 4% in just eight days, having hit a three-year low below $1.20 last week.

London Stock Exchange

Top Players*: AA PLC (AA.), CYBG PLC (CYBG) and BOVIS HOMES GROUP PLC (BVS) are top performers of the day and up by 7.36%, 6.87% and 6.76% respectively.

Worst Performers*: CENTAMIN PLC (CEY), NOSTRUM OIL & GAS PLC (NOG) and MCCOLL'S RETAIL GROUP PLC (MCLS) are the top three laggards of the day and down by 7.50%, 5.52% and 5.37% respectively.

FTSE 100 Index

FTSE-100 Index 5 days Price Performance as on September-13-2019, before the market closed (Source:TR)

Gainers*: ROYAL BANK OF SCOTLAND GROUP PLC (RBS), NMC HEALTH PLC (NMC) and BARCLAYS PLC (BARC) are the top three gainers in today’s session and rose by 5.66%, 5.22% and 5.14% respectively.

Laggards*: COCA-COLA HBC AG (CCH), DIAGEO PLC (DGE), and BRITISH AMERICAN TOBACCO PLC (BATS) are top laggards at the FTSE 100 index and down by 3.77%, 2.91% and 2.80% respectively.

Volume Leaders*: (LLOY) LLOYDS BANKING GROUP PLC, (VOD) VODAFONE GROUP PLC, and (BARC) BARCLAYS PLC.

Top Performing Sectors*: Financials (+2.33%), Basic Materials (+1.60%), and Consumer Cyclicals (+1.19%).

Worst Performing Sectors*: Consumer Non-Cyclicals (-1.69%), Industrials (-0.91%), and Healthcare (-0.82%).

FX Rates (at the time of writing): GBP/USD and EUR/GBP were trading at 1.2472 and 0.8881, respectively.

Ten-Year Bond Yields (at the time of writing): The United States 10-year Treasury and the United Kingdom 10-year Bond yields were exchanging at 1.880% and 0.760% respectively.Â

*At the time of writing