London’s broader equity benchmark FTSE 100 index ended 38.45 points lower against its previous close, with Basic Materials and Consumer Cyclicals were top laggard sectors on the FTSE 100 index.
Global Updates: Shares in the United States were trading in red for the fourth straight session on Thursday, as market participants were frightened by the European Central Bank’s (ECB) return to pump-priming loans to encourage a struggling European economy. At the time of writing, Dow Jones (.DXI) was quoting at 25,546.63, fell by 126.83 points or 0.49%, S&P 500 Index was trading at 2,756.36, down by 15.08 points or 0.55% and the technology benchmark index Nasdaq Composite fell by 82 points or 1.10% and quoting at 7,420.
The European Central Bank (ECB) announced another program to stimulate bank lending in the eurozone and push back the timing of its first post-crisis rate hike until 2020 at the earliest, changing its timeline of monetary tightening plan. The unexpected moves came as the fullness forecasts for the EU have been cut.
Brexit Update: The European Union has asked the British lawmakers to present a concrete plan within 48 hours to break the Brexit impasse over the backstop plan. The UK's attorney general said Brexit negotiations would continue to find an acceptable deal.
European Market Update: European broader equity benchmark FTSE 100 index ended 38.45 points or 0.53% lower at 7,157.55 against its previous day closing price, the FTSE 250 index ended 175.49 points or 0.91% lower at 19,183.82 and the FTSE All Share index closed Thursday’s session at 3,926.03, down by 23.62 points or 0.60% against its Wednesday’s close. Another European equity benchmark STOXX 600 ended lower at 373.88, down by 1.60 points or 0.43% against its previous day close.
London Stock Exchange Cues
Top Performers: Stocks like ALFA FINANCIAL SOFTWARE HOLDINGS PLC (ALFA), ULTRA ELECTRONICS HOLDINGS PLC (ULE) and INMARSAT PLC (ISAT) were among the top performers on the London Stock Exchange and were up by 19.81 per cent, 11.03 per cent and 8.04 per cent respectively.
Top Losers: Stocks like COUNTRYWIDE PLC (CWD), NMC HEALTH PLC (NMC) and PERSIMMON PLC (PSN) were among the top losers on the London Stock Exchange and were down by 12.38 per cent, 11.47 per cent, and 7.52 per cent respectively.
Broader Market FTSE 100 Cues
Gainers: Stocks like NATIONAL GRID PLC (NG.), INFORMA PLC (INF) and SPIRAX-SARCO ENGINEERING PLC (SPX) were among the top gainers in the Thursday’s session on the broader equity benchmark FTSE 100 index and were up by 2.46 per cent, 2.33 per cent, and 2.26 per cent respectively.
Laggards: Stocks like NMC HEALTH PLC (NMC), PERSIMMON PLC (PSN) and RIO TINTO PLC (RIO) were among the top laggards on the FTSE 100 index in the Thursday’s session and were down by 11.47 per cent, 7.52 per cent, and 7.45 per cent respectively.
Top Active Volume Movers: Stocks like LLOYDS BANKING GROUP PLC (LLOY), VODAFONE GROUP PLC (VOD), and BARCLAYS PLC (BARC) were among the top active volume stocks on the FTSE 100 Index.
Sector Summary: In Thursday’s session, sectors like Utilities, Consumer Non-Cyclicals and Telecommunications Services were among the top performing sectors on the broader equity benchmark FTSE 100 index and on the other hand sectors like Basic Materials, Consumer Cyclicals and Financials were among the major laggards on the FTSE 100 index.
- Brent Crude was trading 0.56% higher at $66.36 per barrel.
- West Texas Intermediate was quoting higher by 0.62% at $56.61 per barrel.
- Gold was quoting lower at $1,285.62 an ounce.
London Metal Exchange Cues
Closing Price (as on 07-Mar-2019)
- LME Aluminium was quoting lower at $1,841.00 per tonne against the previous close.
- LME Lead was quoting higher at $2,096.00 per tonne against the previous close.
- British Sterling was trading lower against the US Dollar (GBP/USD) at 1.3087.
- Euro was trading lower against the British Pound (EUR/GBP) at 0.8570.
Money Market Cues*
- US 10Y Treasury Bond yield was trading lower in Thursday’s session at 2.639%.
- UK 10Y Bond yield was trading lower in Thursday’s session at 1.180%.
(At the time of writing)
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