What All You Need To Know About FTSE’s Performance In Thursday’s Session

  • Feb 21, 2019 GMT
  • Team Kalkine
What All You Need To Know About FTSE’s Performance In Thursday’s Session

London’s broader equity benchmark index FTSE 100 ended 61.23 points lower on Thursday against its previous day close, with Basic Materials and Healthcare dragging the market

Global Updates: Equities at Wall Street were trading lower at the close of UK Trading session, with broader indices like Dow Jones Industrial Average (.DJI) down 0.40%, S&P 500 index down 0.4% and the technology benchmark index Nasdaq Composite down 0.5% respectively.

Meanwhile, US-Sino trade negotiators met at White House to start trade talks for coming two days to settle their trade disputes ahead of March 1st deadline. 

European Markets Update: Britain’s broader equity index FTSE 100 index halted at 7167.39, down 61.23 points or 0.85 per cent in Thursday's session (February 21, 2019), the FTSE 250 index closed 34.85 points or 0.18 per cent higher at 19236.88 and the FTSE AIM All-Share index ended Thursday's session at 3913, down 26.19 points or 0.66 per cent against their previous closes. Another European equity benchmark STOXX 600 ended 0.28 per cent lower at 370.4 on Thursday.

The European indices in Thursday session mostly ended flat, or in red, amid weak Purchasing Managers’ Index (PMI) score in February, the manufacturing PMI in the eurozone fell below the threshold limit of 50 points in February at 49.2 points. That indicates manufacturing swung into contraction in February.

Indices Performance (Source: Thomson Reuters)

Brexit Update: Lately, EU Commission President, Jean-Claude Juncker said he is not very sure that a no-deal UK divorce from EU could be avoided, after having a word with the British Prime Minister Theresa May. Juncker said a no-deal Brexit would have cascading effects. Also, British Chancellor Philip Hammond said that “a large black cloud” is hovering over the British economy and added that a no-deal separation could be a disaster for Britain.

London Stock Exchange Cues

Top Performers: TBC Bank Group Plc (TBCG.L), up 9.46%; Playtech Plc (PTEC.L), up 8.23%; Plus500 Ltd (PLUS.L); up 7.37%; and Stobart Group Ltd (STOB.L), up 6.8% respectively.

Worst Movers: Centrica Plc (CNA.L), down 11.7%; Gulf Marine Services Plc (GMS.L) down 9.5%; BAE Systems Plc (BA.L), down 7.8%; and Indivior Plc (INDV.L) down 5.7%, respectively.

Active Volume Movers: Lloyds Banking Group Plc (LLOY.L), Centrica Plc (CNA.L) and Vodafone Group Plc (VOD.L), respectively.

Broader Market FTSE 100 Cues

Stocks like Relx Plc (REL.L), British Land Company (BLND.L) and Land Securities Group Plc (LAND.L) were among the top performers on the FTSE 100 Index and were up by 4.7%, 1.2% and 1.17% respectively.

Top Performers (Source: Thomson Reuters)

On the other hand stocks like Centric Plc (CNA.L), Bae Systems Plc (BA.L) and Imperial Brands Plc (IMB.L) were laggards on the broader equity benchmark FTSE 100 index and were down by 11.7%, 7.8% and 4.15% respectively.

Many sectors also were seen to be in red zone, as indicated below:

FTSE 100 – Sector Performance

FTSE 100 – Sector Performance (Source: Thomson Reuters)

Commodity Cues*

  • Brent crude was trading lower at $66.97 per barrel
  • WTI Crude was trading lower at $56.89 per barrel
  • Gold was trading lower by 1.1% at $1322.9 an ounce

London Metal Exchange

Closing price (as on 20th February 2019)

  • LME Aluminium traded at $1829.50 per tonne, against the previous close of $1833.50 per tonne.
  • LME Lead traded at $2025.0 per tonne, against the previous close of $2009 per tonne.

Currency Market Cues*

  • British Pound was trading against the US Dollar (GBP/USD) at 1.303
  • Euro was trading against British Pound (EUR/GBP) at 0.869

Money Market Cues*

  • US 10Y Treasury bond yield was trading higher at 2.691%
  • British 10Y Treasury bond yield was trading higher at 1.202%

Key Events To Watch On Friday

  • European Inflation Update at 10:00 GMT
  • European Central Bank’s President Draghi speech at 15:30 GMT

*At the time of writing

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