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Global News: With the unrest persisting in Libya and Iraq, oil prices expanded in Mondayâs trading session, driven by production halt as observed. At the time of writing on Monday at 2:10 PM ET, West Texas Intermediate crude oil futures traded at $58.71 a barrel, up by 0.22 per cent. Brent oil futures accelerated by 0.52 per cent and traded at $65.19 a barrel. Around 53% of CEOs expect global economic growth to decline as per survey conducted by PwC. Strategists at JP Morgan Chase & Co. expect analysts are a bit overly pessimistic on the earnings front and any positive earnings surprises will boost up the Global equities.
European Markets: The Londonâs broader equity benchmark index FTSE 100 traded at 23.12 points or 0.30% lower at 7,651.44, the FTSE 250 index snapped 39.04 points or 0.18% lower at 21,847.04, and the FTSE All-Share Index ended 12.36 points or 0.29% lower at 4,245.57, respectively. Another European equity benchmark index STOXX 600 ended at 423.98, down by 0.58 points or 0.14 per cent.
 European News: In economic news as per data published by IHS Markit, the Household Finance Index in United Kingdom stood at a one-year high of 44.6 in January 2020 compared to 43.2 in December 2019. This information comes just ten days before the Bank of England has to decide on the rate cuts that is buzzing in the markets for some time. In the month of December 2019 and January 2020, there has been a series of economic indicators that have started to trend in the positive note, indicating the signs of revival in the economy of the country.
In business news, the Bales Department Store in the United Kingdom has gone into administration. The move will render 23 of its branches closed and close to 1,052 of its staff jobless. The company has appointed accounting firm KPMG to handle the process.
London Stock Exchange (LSE)
Leading Companies of the Day*: KIER GROUP PLC (KIE), HALFORDS GROUP PLC (HFD) and MAJEDIE INV PLC Â (MAJE) zoomed up by 10.14%, 6.38% and 4.92% respectively.
Companies which showed poor performance*: SQN ASSET FINANCE INCOME FUND LTD (SQN), APTITUDE SOFTWARE GROUP PLC (APTD) and PREMIER FOODS PLC (PFD) were in the red zone and declined by 16.08%, 12.23% and 8.57% respectively.
FTSE 100 Index
FTSE-100 index performance â January 20th, 2020 (Source: Thomson Reuters)
Leading Companies of the Day*: BAE SYSTEMS PLC (BA.), EVRAZ PLC (EVR), and BARRATT DEVELOPMENTS PLC (BDEV) accelerated by 3.65%, 2.05% and 1.98% respectively.
Worst Companies of the Day*: NMC HEALTH PLC (NMC), BURBERRY GROUP PLC (BRBY), and SCHRODERS PLC (SDR) decelerated by 3.50%, 2.15% and 2.00% respectively.
Stocks traded with high volume*: VODAFONE GROUP PLC (VOD), LLOYDS BANKING GROUP PLC (LLOY), and BARCLAYS PLC (BARC).
Sector in the positive zone*: Utilities (up 0.60%).
Sectors in the negative zone*: Healthcare (down 0.68%), Consumer Non-Cyclicals (down 0.58%), and Financials (down 0.46%).
Currency quotes*: GBP/USD and EUR/GBP (FX pairs) exchanged at 1.3003 and 0.8531, respectively.
10-Year Yields (US & UK)*: U.S. 10-Year Treasuries yield was quoting at 1.825%, and the U.K. 10-Year Government Bond yield was trading at 0.652%, respectively.Â
*At the time of writing the report
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