Global Markets: Broader equity indices of the United States ended the Friday’s session in red zone, with the Dow Jones Industrials Average Index ended 68.77 points or 0.25% lower at 27,154.20, the S&P 500 index traded 18.50 points or 0.62% lower at 2,976.61, and the technology benchmark index Nasdaq Composite index ended day’s session at 8,146.49 and declined by 60.75 points or 0.74% respectively against the previous day closing price.
Global News: Wall Street’s broader indices fell off in the Friday’s session post a report that Federal Reserve Bank could reduce interest rates by only a quarter percentage points against market expectations for a bigger rate cut or a 50-bps rate cut. In the Friday’s session shares of the credit card issuer company, American Express Co (NYSE: AXP) slumped 2.8% as it warned for a higher operating cost this year mainly because of its increased expenditure on reward points to attract customers.
European Markets: The London’s broader equity benchmark index FTSE 100 traded at 15.61 points or 0.21% higher at 7,508.70, the FTSE 250 index snapped 86.53 points or 0.44% higher at 19,621.66, and the FTSE All-Share Index ended 9.75 points or 0.24% higher at 4,098.32 respectively. Another European equity benchmark index STOXX 600 ended at 387.25, up by 0.45 points or 0.12 per cent.
European News: UK citizens would wake up on July-24-2019, to a new Prime Minister. If speculations are to be believed- Boris Johnson all set to secure the majority of Tory Member’s vote and succeed Theresa May. As hard Brexit stance has soared up, sterling plunged to the lowest level in the past 27 months. UK is scheduled to leave EU bloc on October-31-2019, but if it fails to negotiate an agreement with EU bloc, the legal default is to crash out of the EU without any deal.
London Stock Exchange (LSE)
Top Performers Stocks: ACACIA MINING PLC (ACA), GEM DIAMONDS LD (GEMD), and KAZ MINERALS PLC (KAZ) surged by 19.29 per cent, 7.50 per cent and 6.41 per cent respectively.
Top Laggards Stocks: THOMAS COOK GROUP PLC (TCG), PETRA DIAMONDS LD (PDL), and AMIGO HOLDINGS PLC (AMGO) decreased by 7.02 per cent, 6.15 per cent and 6.08 per cent respectively.
FTSE 100 Index
FTSE100 Index: 5-days Price Chart (as on July 19, 2019), after the market closed. (Source: Thomson Reuters)
Top Risers Stocks: TUI AG (TUI), OCADO GROUP PLC (OCDO) and ANTOFAGASTA PLC (ANTO) rose by 5.13 per cent, 4.73 per cent and 3.94 per cent respectively.
Top Fallers Stocks: FRESNILLO PLC (FRES), WPP PLC (WPP) and BERKELEY GROUP HOLDINGS (THE) PLC (BKG) reduced by 2.29 per cent, 2.24 per cent and 1.91 per cent respectively.
Top Active Volume Leaders: LLOYDS BANKING GROUP PLC, VODAFONE GROUP PLC, and GLENCORE PLC.
Top Risers Sectors: Basic Materials (+1.33%), Telecommunications Services (+1.14%) and Energy (+0.57%).
Top Fallers Sectors: Consumer Non-Cyclicals (-0.26%), Financials (-0.20%) and Technology (-0.18%).
Foreign Exchange and Fixed Income
FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2506 and 0.8976 respectively.
10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.057% and 0.737% respectively.
*At the time of writing