Global Markets: Equity Indices in the United States were quoting in green on the first trading session of July 2019, with Dow Jones Industrial Average was trading higher by 149.81 points or 0.56% and quoting at 26,749.77, the S&P 500 index added 22.96 points or 0.78% and trading at 2,964.72 and technology benchmark index Nasdaq Composite was quoting at 8,095.77 and added 89.53 points or 1.12% in today’s session, at the time of writing.
Global News: In a contradiction to demand by the US President Donald Trump, OPEC agreed to extend oil supply cuts by 9 months until March 2020. In the first major step in violation of the deal between Iran and other major powers, on Monday, Iran announced it had amassed more low-enriched uranium than permitted, further straining relations between Iran and the US. As technology stocks gained on growing optimism around US-China trade talks, main indexes rallied on Monday, with the S&P 500 hitting an all-time high.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 71.87 points or 0.97% higher at 7,497.50, the FTSE 250 index snapped 172.56 points or 0.89% higher at 19,634.66, and the FTSE All-Share Index ended 38.30 points or 0.94% higher at 4,095.18 respectively. European benchmark index STOXX 600 ended 3.00 points or 0.78% higher at 387.87 respectively.
European News: According to the latest data, consumers increased their borrowing at the slowest pace since 2014 and manufacturers had the worst month in more than six years, suggesting the dual impact of Brexit and the slowdown in the global economy had an effect on the British economy. After the United States and China agreed at a G20 summit to restart trade talks, the appetite for risky assets soared, and market sentiment helped the FTSE 100 to touch its 9-month high and Sterling fell to a two-week low versus the dollar.
London Stock Exchange (LSE)
Top Performers Stocks: RPS GROUP PLC (RPS), INDIVIOR PLC (INDV), and JPMORGAN CHINESE I.T.PLC (JMC) surged by 13.78 per cent, 8.86 per cent and 7.68 per cent respectively.
Top Laggards Stocks: FUNDING CIRCLE HOLDINGS PLC (FCH), INTERNATIONAL PERSONAL FINANCE PLC (IPF), and STAGECOACH GROUP PLC (SGC) decreased by 9.34 per cent, 9.17 per cent and 7.57 per cent respectively.
FTSE 100 Index
FTSE100 Index: 5-days Price Chart as on July 01, 2019. (Source: Thomson Reuters)
Top Risers Stocks: NMC HEALTH PLC (NMC), FLUTTER ENTERTAINMENT PLC (FLTR) and BRITISH AMERICAN TOBACCO PLC (BATS) rose by 4.79 per cent, 4.12 per cent and 4.09 per cent respectively.
Top Fallers Stocks: FRESNILLO PLC (FRES), ASSOCIATED BRITISH FOODS PLC (ABF) and VODAFONE GROUP PLC (VOD) reduced by 2.00 per cent, 1.54 per cent and 1.07 per cent respectively.
Top Active Volume Leaders: LLOYDS BANKING GROUP PLC, VODAFONE GROUP PLC, and Barclays PLC.
Top Risers Sectors: Technology (+1.48%), Consumer Cyclicals (+1.11%) and Energy (+1.09%).
Top Faller Sector: Telecommunications Services (-0.88%).
Foreign Exchange and Fixed Income
FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2644 and 0.8929 respectively.
10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.031% and 0.818% respectively.
*At the time of writing