Huawei Fallout Drags Market Down

  • May 20, 2019 BST
  • Team Kalkine
Huawei Fallout Drags Market Down

Global Markets: Equities in the United States were trading in red on the first trading day of this week, with the Dow Jones Industrial Average was quoting at 25,691.38 and slumped 51.48 points or 0.28 per cent in the today’s session, the S&P 500 Index was quoting 16.98 points or 0.59 per cent lower against the previous day closing price at 2,842.55 and the technology benchmark Index Nasdaq Composite was quoting at 7,714.45 and declined by 101.84 points or 1.30 per cent against the previous trading session, at the time of writing.

Global News: Highlighting the differences between the world's two largest economies, China accused the US of having "extravagant expectations" for a trade deal. This comment came on the heels of US' action against China's technology giant Huawei; Alphabet has suspended business with the company that requires a transfer. Adding to tensions, in the latest in a series of "freedom of navigation operations" to anger Beijing, the US military said one of its warships sailed near the disputed Scarborough Shoal.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 37.74 points or 0.51% lower at 7,310.88, the FTSE 250 index snapped 163.02 points or 0.84% lower at 19,335.59, and the FTSE All-Share Index ended 22.39 points or 0.56% lower at 4,002.88 respectively. European benchmark index STOXX 600 ended 4.05 points or 1.06% lower at 377.46 respectively.

European News: As Theresa May makes a last-ditch attempt to get her Brexit deal ratified in the parliament, Sterling inched above five-month lows on Monday. According to the data by IHS Markit, Household Finance Index fell to 42.5 from 43.8, indicating British households turned more downbeat about their finances in May as worries grew about job security.

London Stock Exchange

Top Risers Stocks: ENQUEST PLC (ENQ), HUNTSWORTH PLC (HNT), and DEVRO PLC (DVO) rose by 5.78 per cent, 5.11 per cent and 4.74 per cent respectively.

Top Fallers Stocks: LOW & BONAR PLC (LWB), THOMAS COOK GROUP PLC (TCG) and GULF MARINE SERVICES PLC (GMS) declined by 24.48 per cent, 12.71 per cent and 8.24 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart as on May 20, 2019. (Source: Thomson Reuters)

Top Performers Stocks: VODAFONE GROUP PLC (VOD), IMPERIAL BRANDS PLC (IMB) and EVRAZ PLC (EVR) increased by 1.71 per cent, 1.18 per cent and 1.16 per cent respectively.

Top Laggards Stocks: COCA-COLA HBC AG (CCH), TUI AG (TUI) and BARRATT DEVELOPMENTS PLC (BDEV) declined by 6.70 per cent, 6.42 per cent and 4.37 per cent respectively.


Top Performer Sector: Telecommunications Services (+1.16%).

Top Fallers Sectors: Consumer Cyclicals (-1.31%), Financials (-1.11%) and Technology (-0.68%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2726 and 0.8777 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.410% and 1.064% respectively. 

*At the time of writing

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

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