In Tuesday’s session, the FTSE 100 index ended 0.35 per cent lower against its previous day close. Sectors like Telecommunications Services and Financials were among the top performing sectors on the broader equity benchmark index FTSE 100.
Global Updates: Shares in the United States were trading in red, with Dow Jones Industrial Average was quoting at 26,157.59 and decreased by 183.43 points or 0.70 per cent, the S&P 500 was trading 16.92 points or 0.58 per cent lower at 2,878.85 and the technology benchmark index Nasdaq Composite was trading at 7,917.00 and declined by 36.89 points or 0.46 per cent respectively.
The International Monetary Fund downgraded its outlook of global growth to 3.3% this year, from 3.6% in 2018. The organisation had predicted a growth rate of 3.5% recently in January. A slowdown in advanced economies accounts for more than two-thirds of the projected deceleration from last year, with the growth rate of the US downgraded to 2.3% from 2.9% in 2018, amid tensions between the world's two biggest economies.
Brexit News: Prime Minister Theresa May met German Chancellor Angela Merkel in Berlin, and will meet French President Emmanuel Macron in Paris, as she seeks the backing of both the leaders to delay Brexit again until 30th June. The IMF, in its latest World Economic Outlook, predicted that the UK economy could be beaten by 3.5% by 2021 in case of hard-Brexit. It also forecasted a growth rate of 1.2% in 2019 if a Brexit deal is done.
European Market Updates: Broader European equity benchmark index FTSE 100 ended 26.32 points or 0.35 per cent lower at 7,425.57, the FTSE 250 index ended 83.45 points or 0.43 per cent lower at 19,433.76 and the FTSE All-Share index declined by 14.49 points or 0.36 per cent to 4,054.79. Another broader European equity benchmark index STOXX 600 closed at 385.68 and decreased by 1.83 points or 0.47 per cent respectively.
London Stock Exchange (LSE) Cues
Top Performers: On the London Stock Exchange, stocks like ALLIED MINDS PLC (ALM), RENEWI PLC (RWI) and JTC PLC (JTC) were among the top performers and increased by 15.30 per cent, 8.70 per cent and 5.90 per cent respectively.
Top Losers: On the London Stock Exchange, shares like VP PLC (VP.), GULF MARINE SERVICES PLC (GMS) and MITIE GROUP PLC (MTO) were among the laggards and declined by 14.71 per cent, 10.23 per cent and 6.27 per cent respectively.
FTSE 100 Index Performance
Leaders: ITV PLC (ITV), NMC HEALTH PLC (NMC) and WPP PLC (WPP) were among the top gainers and surged by 2.25%, 2.23%, and 2.09% respectively.
Laggards: In the Tuesday’s session, shares like SMURFIT KAPPA GROUP PLC (SKG), TUI AG (TUI) and JUST EAT PLC (JE.) were among the losers and declined by 3.85%, 3.11%, and 2.49% respectively.
Shares with High Volume: LLOY (LLOYDS BANKING GROUP PLC), VOD (VODAFONE GROUP PLC), and GLEN (GLENCORE PLC) were actively traded stocks with high volumes in the Tuesday’s session.
Sector Summary: On the broader European equity benchmark index FTSE 100, sectors like Telecommunications Services and Financials were among the top performing sectors and sectors like Technology, Energy and Industrials were among the laggards.
- Brent Crude Oil was quoting at around $70.60 per barrel.
- West Texas Intermediate (WTI) Crude Oil was trading at around $64.01 per barrel.
- Gold was trading at around $1,307.65 an ounce.
London Metal Exchange Closing Prices (as on April 8, 2019)
- The Aluminium Price closed at $1,858.50 per tonne.
- The Lead Price closed at $1,980.00 per tonne.
- Currency Pair GBP/USD was exchanging at around 1.3043.
- Currency Pair EUR/GBP was trading at around 0.8635.
Money Market Cues*
- In Tuesday’s session, US 10Y Treasury Bond yield was trading at 2.502 per cent.
- In Tuesday’s session, UK 10Y Bond yield was quoting at 1.103 per cent.
*(At the time of writing)
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