Scotland’s Court Terms Suspension Of Parliament As Illegal

  • Sep 11, 2019 BST
  • Team Kalkine
Scotland’s Court Terms Suspension Of Parliament As Illegal

Global Markets*: Broader equity benchmark indices in the United States were hovering in green, with the Dow Jones Industrial Average added 145.40 points or 0.54% to 27,054.83, the S&P 500 index gained 15.81 points or 0.53% to 2,995.20 and the technology benchmark index Nasdaq Composite Index surged 71.57 points or 0.89% to 8,155.73, respectively.

Global News: In a bid to de-escalate the prolonged trade war with the US, and just days ahead of a planned meeting between trade negotiators, China announced its first round of tariff exemptions for 16 types of US goods, though uncertainties regarding trade dispute continue. This prompted the equity market to open higher on Wednesday. President Donald Trump called on the US central bank to push down interest rates into negative territory, which reportedly would save the government money on its debt, failing to recognize and understand the detrimental impact of such policy. Suggesting a growth in inflation, core US producer prices data rose in August after falling the previous month, helping Treasury yields to extend their rise on Wednesday.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 70.08 points or 0.96% higher at 7,338.03, the FTSE 250 index snapped 243.30 points or 1.23% higher at 19,982.16, and the FTSE All-Share Index ended 39.95 points or 1% higher at 4,032.44 respectively. Another European equity benchmark index STOXX 600 ended at 389.71, up by 3.27 points or 0.85 per cent.

European News: Delivering a blow to the Brexit strategy of the British government, the highest court of appeal in Scotland ruled that suspension of the British parliament by Prime Minister Boris Johnson was unlawful. The case will now be referred to the Supreme Court of the country by the government. An unsolicited $39 billion takeover offer for the London Stock Exchange was made by Hong Kong Exchanges and Clearing, even though the London Stock Exchange was committed to its planned acquisition of Refinitiv. Positive development in the US-China trade dispute and expectations of accommodative monetary policy by central banks as economic growth slows led to the FTSE 100 trade higher on Wednesday.

London Stock Exchange (LSE)

Top Performers*: KIER GROUP PLC (KIE), LUCECO PLC (LUCE) and CAPITAL & REGIONAL PLC (CAL) are top performers of the day and up by 14.69%, 12.38% and 10.30% respectively.

Worst Performers*: NOSTRUM OIL & GAS PLC (NOG), RIVER AND MERCANTILE GROUP PLC (RIV) and RDL REALISATION PLC (RDL) are the top three laggards of the day and down by 5.01%, 3.79% and 3.75% respectively.

FTSE 100 Index

FTSE 100 Index Chart: 5-days Price Performance (as on September-11-2019), before the market closed. (Source: Thomson Reuters)

Performers*: LONDON STOCK EXCHANGE GROUP PLC (LSE), EVRAZ PLC (EVR) and ROLLS-ROYCE HOLDINGS PLC (RR.) are the top three gainers in today’s session and up by 6.26%, 4.03% and 3.83% respectively.

Laggards*: ANTOFAGASTA PLC (ANTO), KINGFISHER PLC (KGF), and INTERTEK GROUP PLC (ITRK) are top laggards at the FTSE 100 index and down by 2.39%, 1.22% and 0.77% respectively.


Top Performing Sectors*: Industrials (+1.70%), Financials (+1.60%), and Technology (+1.32%).

Worst Performing Sector*: Energy (-0.12%).

FX Rates (the time of writing): GBP/USD and EUR/GBP were trading at 1.2325 and 0.8932 respectively.

10-Year Bond Yields (at the time of writing): US 10Y Treasury and UK 10Y Bond yields were exchanging at 1.739% and 0.637% 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. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

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. OK