What All You Need To Know About The FTSE 100 Performance As On July 09, 2019?

Global Markets: Equity indices in the United States were trading in mix, with the broader index S&P 500 declined 1.37 points or 0.05% in day’s session and quoting at 2,974.27. The Dow Jones Industrial Average Index declined 83.59 points or 0.31% against the previous day closing price and trading at 26,722.55 and the technology benchmark index Nasdaq Composite added 24.43 points or 0.30% and quoting at 8,122.01 respectively, at the time of writing.

Global News: After a gap of two months, trade talks between China and the United States are set to start again this week, pushing the US Treasury Yields higher. As investors were anxious about the impact of protracted US-China trade dispute on the earnings of companies, the US equity dropped on Tuesday. Pulled down by fall in the construction and transportation industries, job openings declined by 49,000 to a seasonally adjusted 7.3 million in May. The job openings rate dipped to 4.6 per cent from 4.7 per cent in April and hiring also dropped by 266,000 to 5.7 million in May, potentially flagging a slowdown in growth in employment in the months ahead.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 12.80 points or 0.17% lower at 7,536.47, the FTSE 250 index snapped 114.10 points or 0.58% lower at 19,467.37, and the FTSE All-Share Index ended 9.94 points or 0.24% lower at 4,105.85 respectively. Another European benchmark index STOXX 600 ended 1.98 points or 0.51% lower at 387.92 respectively.

European News: As worries about Brexit weighed on consumers, a survey on Tuesday showed that average sales growth weakened to 0.6 per cent in the 12 months to June and retailers had their biggest annual fall for June on record, declining by 1.3 per cent. Against rising fears about a no-deal Brexit under a new Prime Minister and a worsening economic outlook, the British pound dropped towards its lowest levels against the dollar in more than two years on Tuesday and was on set for tenth weekly consecutive loss versus euro. After British envoy had branded Trump administration as inept, the US president criticised the British Prime Minister Theresa May and the ambassador to Washington.

London Stock Exchange (LSE)

Top Performers Stocks: OCADO GROUP PLC (OCDO), WINCANTON PLC (WIN), and AJ BELL PLC (AJB) surged by 5.64 per cent, 3.88 per cent and 3.06 per cent respectively.

Top Laggards Stocks: KIER GROUP PLC (KIE), HUNTSWORTH PLC (HNT), and LINDSELL TRAIN INVESTMENT TRUST PLC (LTI) decreased by 10.26 per cent, 8.12 per cent and 6.75 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart (as on July 09, 2019), after the market close. (Source: Thomson Reuters)

Top Risers Stocks: OCADO GROUP PLC (OCDO), CENTRICA PLC (CNA) and ROYAL BANK OF SCOTLAND GROUP PLC (RBS) rose by 5.64 per cent, 1.20 per cent and 1.06 per cent respectively.

Top Fallers Stocks: NMC HEALTH PLC (NMC), MICRO FOCUS INTERNATIONAL PLC (MCRO) and MELROSE INDUSTRIES PLC (MRO) reduced by 5.46 per cent, 5.32 per cent and 4.15 per cent respectively.

Top Active Volume Leaders: LLOYDS BANKING GROUP PLC, VODAFONE GROUP PLC, and GLENCORE PLC.

Top Risers Sectors: Healthcare (+0.52%), Utilities (+0.48%), and Energy (+0.21%).

Top Fallers Sectors: Technology (-0.87%), Basic Materials (-0.74%) and Consumer Non-Cyclicals (-0.59%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2468 and 0.8988 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.054% and 0.718% respectively. 

*At the time of writing

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