Global Updates
In the Monday’s session, shares in the US were trading in red, with Dow Jones Industrial Average was quoting at 26,386.53 and declined by 25.77 points or 0.10%, the S&P 500 Index was trading at 2,904.28, down by 3.13 points or 0.10% and the technology benchmark Nasdaq Composite Index was quoting at 7,966.64 and declined by 17.52 points or 0.22% respectively.
Retreating from a core objective of the US for the trade talks with China, U.S. negotiators have tempered demands that China curbs industrial subsidies, amid stiff resistance from Beijing. Weighed by losses in the financial stock, U.S. stocks declined on Monday. Investors were unimpressed by results from Wall Street's big banks Citigroup and Goldman Sachs.
European Updates
During the day, the broader equity index FTSE 100 closed the Monday’s session at 7,436.87, down by 0.19 points against its previous closing price. Also, the FTSE 250 index ended in green at 19,807.09 and surged by 95.38 points or 0.48%. The FTSE All-Share index rose by 3.22 points or 0.08 per cent to 4,073.12. Another broader European equity benchmark index STOXX 600 closed at 388.10 and surged by 0.57 points or 0.15 per cent from its prior close.
In an email sent to the civil service on Monday, Theresa May said that no-deal preparations would continue despite a new October deadline. According to a report by Deloitte, the long-term impact of Brexit is mounting as British companies are the least optimistic, they have been about Brexit since the referendum more than two years ago. Jeremy Hunt, Foreign Secretary, said that it is an "absolute priority" for the government to avoid the European Union elections by leaving the EU by 23rd May.
London stock exchange-listed stocks like IWG PLC (IWG), INDIVIOR PLC (INDV), and PURETECH HEALTH PLC (PRTC) were among the top gainers and were up by 21.15%, 19.13%, and 10.09% respectively. Top laggards were ACACIA MINING PLC (ACA), CARR'S GROUP PLC (CARR), and RDL REALISATION PLC (RDL) and were down by 12.71%, 8.65%, and 8% respectively.
FTSE 100 Index -1 Month Chart
1-Month Chart as on 15th April 2019, after the market closed (Source: Thomson Reuters)
FTSE 100 Index Cues
Shares like PADDY POWER BETFAIR PLC (PPB), EASYJET PLC (EZJ) and PRUDENTIAL PLC (PRU) were among the top gainers and were increased by 3.05%, 2.22% and 1.79% respectively.
Top laggards included COMPASS GROUP PLC (CPG), ANGLO AMERICAN PLC (AAL) and ANTOFAGASTA PLC (ANTO), down by 2.20%, 2.01% and 1.96% respectively.
Top active volume stocks were LLOYDS BANKING GROUP PLC (LLOYD), VODAFONE GROUP PLC (VOD) and BARCLAYS PLC (BARC).
Sectors which were quoting in green on the FTSE 100 index during the day were Telecommunications Services, Consumer Cyclicals & Technology and sectors like Basic Materials, Energy, and Healthcare ended in red.
Forex Cues*
- Currency Pair GBP/USD was exchanging at 1.3095.
- Currency Pair EUR/GBP was quoting at 0.8630.
Money Market Cues*
- US 10Y Treasury Bond yield was hovering at 2.560% in Monday’s session.
- UK 10Y Bond yield was quoting at 1.218% in Monday’s session.
* At the time of writing
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