Market Rises On Positive Geo-Political News

May 15, 2019 10:55 PM BST | By Team Kalkine Media
 Market Rises On Positive Geo-Political News

Global Markets: Benchmark equity indices at the Wallstreet were trading in green, with the S&P 500 was quoting at 2,857.48 and added 23.07 points or 0.81 per cent during today’s session, the Dow Jones Industrial Average Index was trading 175.07 points or 0.69 per cent higher at 25,707.12 and the technology benchmark index Nasdaq Composite added 102.19 points or 1.32 per cent against the previous day close and quoting at 7,836.69 respectively, at the time of writing.

Global News: After reports that US President Donald Trump plans to delay tariffs on imported cars and parts by up to six months, stock indexes turned positive on Wednesday. The moderation in economic activity was underscored by an unexpected fall of 0.2% in US retail sales in April, while core retail sales unchanged. Industrial production also fell by 0.5% in April, pointing to a slowdown in economic growth.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 55.35 points or 0.76% higher at 7,296.95, the FTSE 250 index snapped 2.35 points or 0.01% higher at 19,369.77, and the FTSE All-Share Index ended 25.20 points or 0.63% higher at 3,997.67 respectively. European benchmark index STOXX 600 ended 1.72 points or 0.46% higher at 378.06 respectively.

European News: Eurosceptic rebels in Theresa May's Conservative Party said on Wednesday that they would vote against May's Brexit deal when it is tabled in the parliament next month, casting doubts that a defeat would likely spell the end of May's divorce deal. A spokesman for the Labour party said on Wednesday that the party would not back the bill without a cross-party agreement.

London Stock Exchange

Top Risers Stocks: INDIVIOR PLC (INDV), METRO BANK PLC (MTRO), and PLUS500 LTD (PLUS) rose by 16.60 per cent, 14.96 per cent and 6.92 per cent respectively.

Top Fallers Stocks: PROVIDENT FINANCIAL PLC (PFG), DP EURASIA N.V. (DPEU) and ANGLO-EASTERN PLANTATIONS PLC (AEP) declined by 6.48 per cent, 5.66 per cent and 4.07 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart as on May 15, 2019. (Source: Thomson Reuters)

Top Performers Stocks: AUTO TRADER GROUP PLC (AUTO), COMPASS GROUP PLC (CPG) and DCC PLC (DCC) increased by 3.83 per cent, 2.89 per cent and 2.47 per cent respectively.

Top Laggards Stocks: KINGFISHER PLC (KGF), SSE PLC (SSE) and SMITH (DS) PLC (SMDS) declined by 3.64 per cent, 2.52 per cent and 2.22 per cent respectively.

Top Volume Leaders: VODAFONE GROUP PLC (VOD), LLOYDS BANKING GROUP PLC (LLOY) and LEGAL & GENERAL GROUP PLC (LGEN).

Top Performers Sectors: Technology (+1.60%), Energy (+1.07%), and Financials (+0.94%).

Top Fallers Sectors: Utilities (-1.05%) and Telecommunications Services (-0.69%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2850 and 0.8718 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.384% and 1.060% respectively.

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*At the time of writing


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