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

  • Feb 19, 2019 GMT
  • Team Kalkine
What All You Need To Know About FTSE’s Performance In Tuesday’s Session?

London’s broader equity benchmark FTSE 100 ended 40.3 points lower amid US-China trade talks

US market edged higher on Tuesday, with Basic Materials and Consumer Non-Cyclical driving the broader equity benchmark S&P 500 Index. At the time of writing Dow Jo­­­nes Industrial Average (.DJI) was up 0.031 per cent higher, and technology stocks benchmark Nasdaq Composite was up 0.19 per cent.  Investors are focused on the new round of trade talks between the US and Sino in Washington.

At global corporate news front, Shares of Walmart Inc were up 2.21 per cent at Wall Street after the company reported revenue and earnings for the fourth quarter. On Tuesday, Pfizer Inc received approval from European Commission for ZIRABEV, and its shares were trading higher at Wall Street. Personal care company, Procter & Gamble Co and Aether entered into a joint development agreement for consumer goods research technologies. Lately, Japanese Carmaker Honda Motors Ltd announced to close its factory in London by 2022, putting 3,500 jobs at risk. Europe’s largest private sector lender HSBC’s reported full-year results, revenue and earnings of the lender fell below market expectation. All in all, it was a day of mixed set of news.

Coming to the European Market, the broader equity benchmark index FTSE 100 Index ended at 7,179.17, down 40.3 points or 0.56% lower on Tuesday (February 19, 2019) against its previous close price. UK’s stocks edged lower amid increasing uncertainties around Brexit, and also investors are focused on the new rounds of trade talks between US-Sino to resolve their trade fight. Another broader European equity benchmark index STOXX 600 ended Tuesday’s session lower against its previous session close.

Brexit Update: Chuka Umunna and Ann Coffey along with five Labour MPs together announced their departure from the party, accusing Jeremy Corbyn of their stance. Opposition leader Jeremy Corbyn said, he is very disappointed with his colleagues’ move. Meanwhile, the British Prime Minister will meet European Union Commission President Jean-Claude Junker in Brussels on Wednesday.

Performers and Laggards at the LSE

On Tuesday, stocks like Greggs Plc (GRG.L), Brown (N) Group Plc (BWNG.L) and Foxtons Group Plc (FOXT.L) were among the top gainers on the London Stock Exchange and were up  by 11.1%, 5.7% and 5.2% respectively. On the other side, stocks like Indivior Plc (INDV.L), Plus500 Ltd (PLUS.L) and Playtech Plc (PTEC.L) were among the top losers on the London Stock Exchange and were down by 11.4%, 10.7% and 5.7% respectively.

Stocks like Lloyds Banking Group Plc (LLOY.L), HSBC Holdings Plc (HSBA.L) and Vodafone Group Plc (VOD.L) were top active volume stocks on Tuesday at LSE.

Broader Index FTSE 100 Cues

Micro Focus International Plc (MCRO.L), TUI AG (TUI.L) and Coca-Cola HBC AG (CCH.L) were among the top performers at the broader equity benchmark FTSE 100 index  and were up by 3%, 3.2% and 2.6% respectively. On the other hand, stocks like HSBC Holdings Plc (HSBA.L), Rentokil Initial Plc (RTO.L) and BAE System Plc (BA.L) were among the laggards on the broader equity benchmark FTSE 100 index and were down by 4.0%, 2.7% and 2.5% respectively.

At sector specific front, Technology, Utilities and Basic Materials were top performing sectors on FTSE 100 index, but gains realised from these sectors got offset by loss from Financials, Industrials and Consumer Non-Cyclicals.

Commodity Cues

At the time of writing,

  • Brent crude oil was trading at $66.47 per barrel.
  • West Texas Intermediate crude oil was trading at $56.06 per barrel.
  • Gold was 1.12% higher at $1,341.0 an ounce.

London Metal Exchange Cues

Closing Price (as on 18th February 2019)

  • LME Aluminium traded at $1,822.5 per tonne.
  • LME Lead traded at $2,029 per tonne.

Forex Market Cues

At the time of writing,

  • British Pound was trading against the US Dollar (GBP/USD) at 1.3061.
  • Euro was trading against British Pound at (EUR/GBP) at 0.8685.

Money Market Cues

At the time of writing,

  • US 10-year bond yield was trading at 2.639%.
  • British 10-year bond yield was trading at 1.171%.

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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