Global Markets: Equities in the United States were trading in red, with the broader index S&P 500 index was trading 9.41 points or 0.32% lower at 2,914.32, the Dow Jones Industrial Average Index plunged 160 points or 0.60% to 26,270.44 and the technology benchmark index Nasdaq Composite was at 8,024.04 and declined by 25.60 points or 0.32% against the previous day close, at the time of writing.
Global News: Oil prices declined on Thursday, with U.S. crude plunging more than 3 per cent, amid fears of oversupply due to a sharp rise in U.S. crude oil inventories. As the Federal Reserve was now seen as less likely to cut U.S. interest rates this year, equity markets dipped for a second straight day on Thursday.
European Markets: The Londonâs broader equity benchmark index FTSE 100 traded 33.95 points or 0.46% lower at 7,351.31, the FTSE 250 index snapped 127.08 points or 0.64% lower at 19,686.66, and the FTSE All-Share Index ended 19.57 points or 0.48% lower at 4,033.03 respectively. Another European benchmark index STOXX 600 ended 2.25 points or 0.58% lower at 388.84 respectively.
European News: Even as Bank of England Governor Mark Carney kept borrowing costs on hold due to Brexit uncertainty, he cautioned that investors were underestimating how much interest rates could rise, sounding more hawkish than his counterparts. Due to better prospects for the global economy, the bank raised its forecast for growth to 1.5 per cent.
London Stock Exchange
Top Risers Stocks: BROWN(N.) GRP. PLC (BWNG), INTU PROPERTIES PLC (INTU), and ALLIED MINDS PLC (ALM) surged by 22.32 per cent, 9.75 per cent and 8.55 per cent respectively.
Top Fallers Stocks: METRO BANK PLC (MTRO), THOMAS COOK GROUP PLC (TCG) and MCBRIDE PLC (MCB) declined by 16.02 per cent, 14.96 per cent and 10.84 per cent respectively.
FTSE 100 Index
FTSE100 Index: 5-days Price Chart as on May 02, 2019. (Source: Thomson Reuters)
Top Performers Stocks: SMITH & NEPHEW PLC (SN), SMURFIT KAPPA GROUP PLC (SKG) and ROYAL DUTCH SHELL PLC (RDSB) were accelerated by 2.98 per cent, 2.74 per cent and 1.89 per cent respectively.
Top Laggards Stocks: PADDY POWER BETFAIR PLC (PPB), MICRO FOCUS INTERNATIONAL PLC (MCRO) and MARKS AND SPENCER GROUP PLC (MKS) were declined by 5.41 per cent, 4.42 per cent and 4.14 per cent respectively.
Top Volume Leaders: Lloyds Banking Group Plc (LLOY), VODAFONE GROUP PLC (VOD) and GLENCORE PLC (GLEN).
Top Performers Sectors: Energy and Healthcare.
Top Fallers Sectors: Basic Materials, Technology and Industrials.
Foreign Exchange and Fixed Income
FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.3028 and 0.8578 respectively.
10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were hovering at 2.549% and 1.185% respectively.
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*At the time of writing