Stocks in the United States were trading in red, with the S&P 500 index was quoting at 2,931.63 and declined by 2.05 points or 0.07%, Dow Jones Industrial Average Index was reduced by 32.46 points or 0.12% to 26,623.93 and the technology benchmark Nasdaq Composite fell by 1.53 points or 0.02% and quoting at 8,119.29.
After scaling record highs in the previous session, mixed earnings reports were reported due to which the US stocks pulled back slightly on Wednesday. US President Donald Trump said that the talks over the trade dispute with China were going well. The president also said that he would approach the Supreme Court if Democrats tried to impeach him.
The European market closed in the mix: the large-cap equity index FTSE 100 ended lower by 51.32 points or 0.68% to 7,471.75, while the STOXX 600 was down by 0.37 points or 0.09% to 390.98. The FTSE 250 index closed at 19,993.67, reflecting an increase of 85.65 points or 0.43%. The FTSE All-Share index declined by 19.35 points or 0.47% to 4,096.24 at the end of the day.
Prime Minister Theresa May, who desperately seeks to avoid the country having to take part in EU elections, accused Labour of taking too long in Brexit negotiations. First Minister of Scotland, Nicola Sturgeon, said the country would start preparing for a referendum over independence before May 2021 as differences over Brexit have strained relations with England and the British government in London.
London Stock Exchange Cues
The best-performing stocks on the London Stock Exchange were KCOM GROUP PLC (KCOM), CENTAMIN PLC (CEY) and ALLIED MINDS PLC (ALM), which rose by 33.79%, 12.78% and 6.72% respectively. The worst performing stocks on the London Stock Exchange were FUNDING CIRCLE HOLDINGS PLC (FCH), THOMAS COOK GROUP PLC (TCG) and PETROPAVLOVSK (POG), which declined by 8.20%, 5.14% and 4.19% respectively.
FTSE 100 Index
5-day Daily Price Chart (as on April 24, 2019). (Source: Thomson Reuters)
In the FTSE 100 index, top performers were LAND SECURITIES GROUP PLC (LAND), MICRO FOCUS INTERNATIONAL PLC (MCRO) and NMC HEALTH PLC (NMC), which rose by 3.02%, 2.67% and 2.40% respectively. The top three fallers of the index were SMURFIT KAPPA GROUP PLC (SKG), ANGLO AMERICAN PLC (AAL) and WPP PLC (WPP), which declined by 4.09%, 3.90% and 2.65% respectively.
The top volume leaders of the FTSE 100 index were Lloyd Banking Group Plc (LLOY), BARCLAYS PLC (BARC) and VODAFONE GROUP PLC (VOD).
On sector specific front, Technology, Utilities and Industrials were among the leading performers on the broader index FTSE 100; and on the other side, Energy, Basic Materials and Telecommunications Services were among the losers on the FTSE 100 index.
- GBP/USD was trading at 1.2896.
- EUR/GBP was quoting at 0.8641.
*At the time of writing
- US 10Y Treasury Bond yield was hovering at 2.524%.
- UK 10Y Bond yield was quoting at 1.177%.