Equities at Wallstreet were trading in green, with the S&P 500 index was quoting at 2,946.30 and added 6.42 points or 0.22 per cent against the previous day close, Dow Jones Industrial Average Index edged up by 42.31 points or 0.16 per cent at 26,585.64 and the technology benchmark Nasdaq Composite index reflecting 18.52 points or 0.23 per cent higher at 8,164.91, at the time of writing.
The S&P 500 touched an intraday record after economic data showed U.S. consumer spending surged 0.9% in March, offsetting a weak eurozone sentiment survey. Although inflation remained subdued, consumer spending rose by the most in more than 9-1/2 years. A brightening picture of corporate profits was also indicated by data which showed a 0.2% decline in earnings, improving from the 2% decline expected at the start of the month.
Stocks in UK ended in green: the FTSE 100 index closed with an uptick of 12.47 points or 0.17 per cent to 7,440.66, while the STOXX 600 surged by 0.31 points or 0.08 per cent to 391.32. The FTSE 250 index ended the session at 19,911.20, up by 54.33 points or 0.27 per cent. The FTSE All-Share index accelerated by 7.59 points or 0.19 per cent to 4,080.32 in the Mondayâs trading session.
The Bank of England will give policy decision and updated forecast on Thursday, but the market expects the bank to hold rate rise until more clarity on the Brexit outcome is received. Labourâs business spokeswoman said on 28th April 2019, that though talks between the Labour community and government have been fruitful, the government needs to move on its red lines.
The top gainer shares were CARPETRIGHT PLC (CPR), RENEWI PLC (RWI), and REACH PLC (RCH) which rose by 11.11 per cent, 11.09 per cent and 6.29 per cent respectively. Shares in downtrend during the day were: COMPUTACENTER PLC (CCC), ON THE BEACH GROUP PLC (OTB) and ACACIA MINING PLC (ACA) which declined by 6.12 per cent, 5.53 per cent and 5.47 per cent respectively.
FTSE100 Index: 5-days Price Chart as on April 29, 2019. (Source: Thomson Reuters)
Top performers were NMC HEALTH PLC (NMC), TUI AG (TUI) and BARCLAYS PLC (BARC) which climbed by 5.64 per cent, 2.65 per cent and 2.27 per cent respectively. The top laggards were FRESNILLO PLC (FRES), WHITBREAD PLC (WTB) and PEARSON PLC (PSON), which declined by 2.06 per cent, 2.02 per cent and 1.89 per cent respectively. Shares traded on Monday with high volumes were Lloyds Banking Group Plc (LLOY), VODAFONE GROUP PLC (VOD) and BARCLAYS PLC (BARC). Sectors traded in green were Healthcare, Financials and Telecommunications Services. Sectors traded on FTSE100 index in red were Utilities, Technology and Energy sectors.
FX Rates*
- GBP/USD was exchanging at 1.2938.
- EUR/GBP was exchanging at 0.8646.
- US 10Y Treasury Bond yield was hovering at 2.534 per cent.
- UK 10Y Bond yield was quoting at 1.160 per cent.