What All You Need to Know About the FTSE’s Performance on April 01, 2019?

  • Apr 01, 2019 BST
  • Team Kalkine
What All You Need to Know About the FTSE’s Performance on April 01, 2019?

London’s broader equity benchmark index FTSE 100 ended 38.19 points higher against its previous close, with Basic Materials and Financials were among the top performing sectors on the FTSE 100 Index in the Monday’s session.

Global Updates: Shares in the United States were trading in the green, with Dow Jones Industrial Average surged by 293.68 points or 1.13% to 26,222.36, the S&P 500 added 28.48 points or 1.00% to 2,862.88 and the technology benchmark index Nasdaq Composite increased by 90.18 points or 1.17% to 7,819.49.

In the latest sign of slowing economic growth, the U.S. retail sales unexpectedly fell in February. However, there was some positive news as manufacturing activity in March picked up in the United States and China. Construction spending in February increased for the third straight month. The loss of momentum is due to slowing global growth, trade war with China and higher interest rate.

Brexit News: In a series of indicative votes, the House of Commons on Monday will again try to take control of Britain's departure from the EU. Pundits are hoping that the vote will strong-arm Prime Minister Theresa May to drop her Brexit strategy and head towards a softer Brexit. It is still unclear how the Brexit will take shape if it happens.

European Market Updates: In Monday’s session broader European equity benchmark index FTSE 100 ended 38.19 points or 0.53% higher at 7,317.38, the FTSE 250 index ended 121.27points or 0.63% higher at 19,238.76 and the FTSE All-Share index surged by 21.55 points or 0.54% to 3,999.83. Another broader European equity benchmark STOXX 600 traded 4.58 points or 1.21% higher at 383.67.

London Stock Exchange (LSE) Cues

Top Performers: Stocks like ENQUEST PLC (ENQ), METRO BANK PLC (MTRO) and MOTORPOINT GROUP PLC (MOTR) were among the top performers on the LSE and were up by 7.57%, 6.53% and 6.39% respectively.

Top Losers: Stocks like LOW & BONAR PLC (LWB), EASYJET PLC (EZJ) and ALLIED MINDS PLC (ALM) were among the laggards on the LSE and were down by 19.85%, 9.71% and 8.78% respectively.

Broader Market FTSE 100 Cues

Gainers: Stocks like MELROSE INDUSTRIES PLC (MRO), STANDARD CHARTERED PLC (STAN) and ASHTEAD GROUP PLC (AHT) were among the top gainers in the Monday’s session on the broader equity benchmark FTSE 100 index and were up by 3.58 per cent, 3.43 per cent, and 3.29 per cent respectively.

Laggards: Stocks like EASYJET PLC (EZJ), TUI AG (TUI) and SSE PLC (SSE) were among the laggards on the FTSE 100 index in the Monday’s session and were down by 9.71 per cent, 3.05 per cent, and 2.70 per cent respectively.

Top Active Volume Movers: Stocks like LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and GLENCORE PLC (GLEN) were among the top active volume stocks on the FTSE 100 Index.

Sector Summary: In the Monday’s session, sectors like Basic Materials, Financials and Telecommunications Services were among the top performing sectors on the FTSE 100 index and sectors like Utilities, Consumer Non-Cyclicals and Healthcare were among the laggards on the FTSE 100 index.

Commodity Cues*

  • Brent Crude was trading at $69.03 per barrel.
  • West Texas Intermediate was quoting at $61.59 per barrel.
  • Gold was quoting at $1,292.85 an ounce.

London Metal Exchange Cues

Closing Price (as on Mar-29-2019)

  • LME Aluminium was quoting at $1,900.00 per tonne.
  • LME Lead was quoting at $2,022.00 per tonne.

Forex Cues*

  • Currency Pair GBP/USD was quoting at 1.3120.
  • Currency Pair EUR/GBP was quoting at 0.8546. 

Money Market Cues*

  • US 10Y Treasury Bond yield was quoting at 2.494% in Monday’s session.
  • UK 10Y Bond yield was quoting at 1.047% in Monday’s session. 

 *(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?

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