Yields Fall as Investors See No End to Brexit Trouble

May 22, 2019 03:00 PM AEST | By Team Kalkine Media
 Yields Fall as Investors See No End to Brexit Trouble

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 Wednesday’s 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: The London’s 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


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.