Global Markets: Shares at the Wallstreet were hovering in red, with the Dow Jones Industrial Average was trading at 25,792.55 and lowered by 84.78 points or 0.33 per cent against the previous day close, the S&P 500 Index declined by 6.54 points or 0.23 per cent to 2,857.82 and the technology benchmark index Nasdaq Composite slumped by 25.96 points or 0.33 per cent to 7,759.77 in the Wednesdayâs session, at the time of writing.
Global News: Equity market and US treasury yields declined on Wednesday as investors were spooked by worsening trade tensions between the United States and China. The American government is mulling over Huawei-like sanctions on another Chinese Technology company. US Treasury Secretary Steven Mnuchin said that the country is at least a month away from imposing its proposed tariffs of up to 25 per cent on Chinese imports.
European Markets:Â The Londonâs broader equity benchmark index FTSE 100 traded at 5.27 points or 0.07% higher at 7,334.19, the FTSE 250 index snapped 129.09 points or 0.66% lower at 19,307.27, and the FTSE All-Share Index ended 1.57 points or 0.04% lower at 4,012.87 respectively. European benchmark index STOXX 600 ended 0.31 points or 0.08% lower at 379.19 respectively.
European News: Amid political uncertainties, investors flocked to bonds seeking safe assets, causing British government bond prices to soar on Wednesday. As investors feared inflationary pressures if Britain leaves without a deal and sterling declined to a five-month low, demand for inflation-linked bonds was especially strong. British Prime Minister Theresa May's final attempt to win support for her Brexit plan failed to win the approval of many lawmakers.
London Stock Exchange
Top Risers Stocks: METRO BANK PLC (MTRO), PETS AT HOME GROUP PLC (PETS), and IG GROUP HOLDINGS PLC (IGG) rose by 15.24 per cent, 13.85 per cent and 12.51 per cent respectively.
Top Fallers Stocks: GALLIFORD TRY PLC (GFRD), MARKS AND SPENCER GROUP PLC (MKS) and BABCOCK INTERNATIONAL GROUP PLC (BAB) declined by 9.45 per cent, 9.37 per cent and 9.31 per cent respectively.
FTSE 100 Index
FTSE100 Index: 5-days Price Chart as on May 22, 2019. (Source: Thomson Reuters)
Top Performers Stocks: SMURFIT KAPPA GROUP PLC (SKG), SMITH (DS) PLC (SMDS) and HIKMA PHARMACEUTICALS PLC (HIK) increased by 5.49 per cent, 3.77 per cent and 3.10 per cent respectively.
Top Laggards Stocks: MARKS AND SPENCER GROUP PLC (MKS), EASYJET PLC (EZJ) and PERSIMMON PLC (PSN) declined by 9.37 per cent, 5.83 per cent and 5.53 per cent respectively.
Top Volume Leaders: LLOY (LLOYDS BANKING GROUP PLC), VOD (VODAFONE GROUP PLC), and BARC (BARCLAYS PLC).
Top Performers Sectors: Healthcare (+1.46%), Technology (+1.42%), and Industrials (+0.75%).
Top Fallers Sectors: Utilities (-0.92%), Financials (-0.75%) and Consumer Cyclicals (-0.56%).
Foreign Exchange and Fixed Income
FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2675 and 0.8808 respectively.
10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.389% and 1.008% respectively.
 *At the time of writing