Hopes Of Stimulus Lifts Equity Market, FTSE 100 Index Up 0.71%

  • Aug 16, 2019 BST
  • Team Kalkine
Hopes Of Stimulus Lifts Equity Market, FTSE 100 Index Up 0.71%

Global Markets: Benchmark indices in the United States climbed up at the end of steep volatile week, the Dow Jones Industrial Average Index leapt up by 269.28 points or 1.05% to 25,848.67, the S&P 500 index nudged by 38.55 points or 1.35% to 2,886.15 and the technology benchmark index Nasdaq Composite gained 124.23 points or 1.60% and quoting at 7,890.89 respectively, at the time of writing.

Global News: Amid a steep fall in the construction activity of multi-family housing units, US housing starts dropped by 4.0% in July to a seasonally adjusted annual rate of 1.191 million units, declining for a third straight month. Record-low mortgage rates have done little to help the housing market, though hope for the struggling market was offered by a jump in permits. As hopes that the German government may be open to running a deficit to boost flagging growth rose, Treasury yields rose on Friday as demand by worried investors for safe-haven debt declined. Also, hopes of more stimulus from central banks helped the equity indices to rise on Friday.

European Markets: The broader equity benchmark index of the UK, the FTSE 100 index increased by 50.14 points or 0.71% against the previous closing level to 7,117.15, the FTSE 250 index surged by 181.20 points or 0.97% to 18,821.85 and the FTSE All-Share moved up by 28.11 points or 0.73% and ended the session at 3,893.66 respectively. Another European benchmark index STOXX ended 4.54 points or 1.24% higher to 369.63 respectively.

European News: The leader of the pro-EU Liberal Democrats said on Friday that to lead an emergency government to halt a no-deal Brexit, veteran British lawmakers from the opposition Labour and ruling Conservative would be willing to lead an emergency government if the government falls after confidence motion. Amid a hectic week on global financial markets, the start of trading for the FTSE 100 and FTSE 250 index was delayed for almost two hours due to a technical glitch. Increased hopes of global stimulus and a bid to thwart no-deal Brexit helped long-dated British government bond yields and sterling to rise on Friday.

London Stock Exchange (LSE)

Top Performers Stocks: TCG (THOMAS COOK GROUP PLC), ALFA (ALFA FINANCIAL SOFTWARE HOLDINGS PL) and BAKK (BAKKAVOR GROUP PLC) are top performers of the day and up by 28.95%, 12.09% and 9.97% respectively.

Top Laggards Stocks: INTU (INTU PROPERTIES PLC), RSE (RIVERSTONE ENERGY LIMITED) and NOG (NOSTRUM OIL & GAS PLC) are the top three laggards of the day and down by 5.92%, 5.43% and 5.31% respectively.

FTSE 100 Index

 FTSE 100 Index Chart: 5-days Price Performance (as on August-16-2019), after the market closed. (Source: Thomson Reuters)

Top Three Risers Stocks: ITV (ITV PLC), SBRY (SAINSBURY(J) PLC) and STJ (ST. JAMES'S PLACE PLC) are the top three gainers in today’s session and up by 3.19%, 3.05% and 2.78% respectively.

Top Three Fallers Stocks: FRES (FRESNILLO PLC), PRU (PRUDENTIAL PLC), and BHP (BHP GROUP PLC) are top laggards at the FTSE 100 index and down by 1.13%, 1.01% and 0.98% respectively.

Top Three Active Volume Stocks: LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and HSBC HLDGS PLC (HSBA).

Top Performers Sectors: Technology (+1.50%), Financials (+1.34%) and Telecommunications Services (+1.19%).

Top Faller Sector: Basic Materials (-0.30%).

Foreign Exchange and Fixed Income

FX Rates (at the time of writing): GBP/USD and EUR/GBP were trading at 1.2147 and 0.9136 respectively.

10-Year Bond Yields (at the time of writing): US 10Y Treasury and UK 10Y Bond yields were exchanging at 1.549% and 0.460% respectively.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK