What All You Need To Know About The FTSE’s Performance on March 05, 2019?

London’s broader equity benchmark FTSE 100 index ended 49.04 points higher against its previous close, with Telecommunications Services and Consumer Non-Cyclicals were among the top performing sectors on the FTSE 100 index.[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

Global Update: Shares in the United States were trading in red, with Dow Jones (.DJI) was quoting at 25,813.58, declined by 6.07 points or 0.02%, S&P 500 Index (.SPX) was trading 2.94 points or 0.11% lower at 2,789.87, and the technology benchmark index Nasdaq Composite (.IXIC) was quoting at 7,583.84, up by 6.11 points or 0.08%.

Sales of new U.S. single-family homes increased to reach seven-month high in December, although November's number was revised down, reflecting continued weakness in the market. The U.S has announced its decision to pull the plug on the Generalized System of Preferences (GSP), covering duty-free trade worth $5.6 billion.

Brexit Update: Britain's Attorney General Geoffrey Cox and Brexit minister Stephen Barclay have been charged with securing changes to the Irish backstop and are in Brussels for talks. A breakthrough is not expected tonight. To avoid any cash crunch post-Brexit, the Bank of England will offer more Euros to banks in Britain and warned that continental Europe was not completely prepared for a hit to financial system from no-deal scenario. Car-makers Toyota and BMW warned the production of their cars would be threatened in case of no-deal Brexit.

European Market Update: European broader equity benchmark FTSE 100 index ended 49.04 points or 0.69% higher at 7,183.43 against its previous day closing price, the FTSE 250 index ended 31.71 points or 0.16% higher at 19,443.14 and the FTSE All Share index closed Tuesday’s session at 3,946.87, up by 23.14 points or 0.59% against its Monday’s close. Another European equity benchmark STOXX 600 ended higher at 375.64, up by 0.55 points or 0.15% against its previous day close.

London Stock Exchange Cues

Top Performers: Stocks like GOCOMPARE.COM GROUP PLC (GOCO), ALFA FINANCIAL SOFTWARE HOLDINGS PLC (ALFA) and MCCOLL'S RETAIL GROUP PLC (MCLS) were among the top performers on the London Stock Exchange and were up by 8.36 per cent, 7.68 per cent and 7.55 per cent respectively.

Top Losers: Stocks like ELEMENTIS PLC (ELM), BBA AVIATION PLC (BBA) and HUNTSWORTH PLC (HNT) were among the top losers on the London Stock Exchange and were down by 7.80 per cent, 7.64 per cent, and 5.0 per cent respectively.

Broader Market FTSE 100 Cues

Gainers: Stocks like GVC HOLDINGS PLC (GVC), NMC HEALTH PLC (NMC) and FRESNILLO PLC (FRES) were among the top gainers in the Tuesday’s session on the broader equity benchmark FTSE 100 index and were up by 7.07 per cent, 2.87 per cent, and 2.20 per cent respectively.

Laggards: Stocks like INTERTEK GROUP PLC (ITRK), ROYAL BANK OF SCOTLAND GROUP PLC (RBS) and ITV PLC (ITV) were among the top laggards on the FTSE 100 index in Tuesday’s session and were down by 3.7 per cent, 2.40 per cent, and 2.36 per cent respectively.

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

Sector Summary: In Tuesday's session, every sector on the broader benchmark index FTSE 100 ended in green, with sectors like Telecommunications Services, Consumer Non-Cyclicals and Healthcare were among the top performers on the FTSE 100 index.

Commodity Cues*

• Brent Crude was trading 0.12% higher at $65.75 per barrel.
• West Texas Intermediate was quoting higher by 0.02% at $56.60 per barrel.
• Gold was quoting lower at $1,287.40 an ounce.

London Metal Exchange Cues

Closing Price (as on 04-Mar-2019)

• LME Aluminium was quoting lower at $1,859.00 per tonne against the previous close.
• LME Lead was quoting lower at $2,109.00 per tonne against the previous close.

Forex Cues*

• British Sterling was trading lower against the US Dollar (GBP/USD) at 1.3171.
• Euro was trading lower against British Pound (EUR/GBP) at 0.8583.

Money Market Cues*

• US 10Y Treasury Bond yield was trading higher in Tuesday’s session at 2.730%.
• UK 10Y Bond yield was trading lower in Tuesday’s session at 1.285%.

(*At the time of writing)