Quick Insights On European Markets Performance

  • Jul 16, 2019 BST
  • Team Kalkine
Quick Insights On European Markets Performance

Global Markets: Equities at the United States bourses were trading in mix, with Dow Jones Industrial Average Index was trading 6.38 points or 0.02% higher at 27,365.54, the S&P 500 index declined 4.28 points or 0.14% and quoting at 3,010.02 and the technology benchmark index Nasdaq Composite was quoting at 8,245.92 and decreased by 12.26 points or 0.15% in day’s session, at the time of writing.

Global News: As the chances of a rate cut increases, warnings signs have emerged that the net interest margin will decline, even as three big US banks reported strong earnings on Tuesday. The Commerce Department reported that retail sales increased by 0.4 per cent in June, rising by more than expected as households increased their purchases of motor vehicles. The data pointed to strong consumer spending and evidence that the economy is improving, which led to a gain in US Treasury yields on Tuesday. Iran's supreme leader said that the country would continue increasing uranium enrichment level and retaliate for the seizure of an Iranian oil tanker, growing tensions between the countries.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 45.48 points or 0.60% higher at 7,577.20, the FTSE 250 index snapped 71.91 points or 0.37% higher at 19,656.05, and the FTSE All-Share Index ended 22.86 points or 0.56% higher at 4,130.36 respectively. Another European benchmark index STOXX 600 ended 1.35 points or 0.35% higher at 389.10 respectively.

European News: Though there were potential signs of future weakness in jobs growth, official data showed on Tuesday that British wages, excluding bonuses, grew by an annual 3.6 per cent in the three months to May, its strongest pace since mid-2008, beating forecasts by economists. Change in the timing of pay rise of public health workers helped total pay to rise to 3.4 per cent, beating forecasts. As the two candidates to be the next prime minister of Britain said that they would not accept the Northern Irish backstop element of Brexit deal, the pound hit a six-month low against the euro and fell to 27-month lows around $1.24.

London Stock Exchange (LSE)

Top Performers Stocks: KIER GROUP PLC (KIE), BURBERRY GROUP PLC (BRBY), and THOMAS COOK GROUP PLC (TCG) surged by 16.52 per cent, 14.39 per cent and 10.85 per cent respectively.

Top Laggards Stocks: BARR(A.G.) PLC (BAG), SUPERDRY PLC (SDRY), ALLIED MINDS PLC (ALM) decreased by 28.31 per cent, 6.30 per cent and 5.63 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart (as on July 16, 2019), after the market closed. (Source: Thomson Reuters)

Top Risers Stocks: BURBERRY GROUP PLC (BRBY), PEARSON PLC (PSON) and TUI AG (TUI) rose by 14.39 per cent, 3.40 per cent and 2.72 per cent respectively.

Top Fallers Stocks: RIGHTMOVE PLC (RMV), AUTO TRADER GROUP PLC (AUTO) and SMURFIT KAPPA GROUP PLC (SKG) reduced by 2.58 per cent, 1.82 per cent and 1.73 per cent respectively.


Top Risers Sectors: Consumer Cyclicals (+1.37%), Healthcare (+1.31%), and Consumer Non-Cyclicals (+0.84%).

Top Faller Sector: Telecommunications Services (-1.05%), Utilities (-0.75%) and Technology (-0.52%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2409 and 0.9032 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.127% and 0.809% 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. 

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