Lawmakers Act Tough In The Face Of No-Deal Brexit

July 19, 2019 03:30 AM AEST | By Team Kalkine Media
 Lawmakers Act Tough In The Face Of No-Deal Brexit

Global Markets: Shares at the Wallstreet were hovering in green zone, with the broader index S&P 500 surged by 10.23 points or 0.34% against yesterday’s close and standing at 2,994.65, the Dow Jones Industrial Average Index increased by 21.16 points or 0.08% in day’s session and trading at 27,241.01 and the technology benchmark index Nasdaq Composite expanded by 20.07 points or 0.25% and quoting at 8,205.27 respectively, at the time of writing.

Global News: Escalating the tensions between Iran and the Western world, Iran impounded foreign tanker smuggling fuel in the Gulf, sending the oil prices higher. The move added tensions in a major shipping waterway, which the US seeks to defend to ensure free passage of vessels. Offering hope for a struggling manufacturing sector, mid-Atlantic factory activity rebounded in July. After the Philadelphia Fed reported that its manufacturing index rebounded strongly in July to the highest level in a year, Treasury yields rose on Thursday.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 42.37 points or 0.56% lower at 7,493.09, the FTSE 250 index snapped 79.07 points or 0.40% lower at 19,535.13, and the FTSE All-Share Index ended 21.87 points or 0.53% lower at 4,088.57 respectively. Another European benchmark index STOXX 600 ended 0.86 points or 0.22% lower at 386.80 respectively.

European News: Lawmakers again showed their determination to prevent an exit from the European Union without a deal, they backed proposals to make it harder for the upcoming prime minister to force through a no-agreement Brexit by suspending parliament, as PM-hopefuls have refused to rule out circumventing the parliament to deliver Brexit. The news sent the British government bond prices to a session low, after recent weeks of gain. Reports were emerging that a symbolic vote of no confidence in leader Jeremy Corby could be held by the opposition Labour Party members in Britain's upper house of parliament.

London Stock Exchange (LSE)

Top Performers Stocks: EI GROUP PLC (EIG), BRITISH AMERICAN TOBACCO PLC (BATS), and PHOTO-ME INTERNATIONAL PLC (PHTM) surged by 38.48 per cent, 6.14 per cent and 5.82 per cent respectively.

Top Laggards Stocks: FRESNILLO PLC (FRES), MONEYSUPERMARKET.COM GROUP PLC (MONY), and GEM DIAMONDS LD (GEMD) decreased by 9.12 per cent, 8.19 per cent and 6.86 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart (as on July 18, 2019), after the market closed. (Source: Thomson Reuters)

Top Risers Stocks: BRITISH AMERICAN TOBACCO PLC (BATS), IMPERIAL BRANDS PLC (IMB) and CENTRICA PLC (CNA) rose by 6.14 per cent, 2.19 per cent and 1.82 per cent respectively.

Top Fallers Stocks: FRESNILLO PLC (FRES), JOHNSON MATTHEY PLC (JMAT) and ASHTEAD GROUP PLC (AHT) reduced by 9.12 per cent, 4.93 per cent and 3.40 per cent respectively.

Top Active Volume Leaders: LLOYDS BANKING GROUP PLC, VODAFONE GROUP PLC, and BP PLC.

Top Risers Sectors: Consumer Non-Cyclicals (+0.81%), Utilities (+0.63%) and Telecommunications Services (+0.36%).

Top Fallers Sectors: Basic Materials (-1.80%), Industrials (-1.48%) and Energy (-1.32%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2545 and 0.8987 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.038% and 0.764% respectively.Â

*At the time of writing


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
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.