How The European Markets Behaved In Monday’s Trading Session?

Global Markets: Broader benchmark indices in the United Stated were trading in mix, with the S&P 500 index added 4.90 points or 0.16% and quoting at 2,981.51, the Dow Jones Industrial Average Index lost 15.93 points or 0.06% in day’s session and quoting at 27,138.27 and the technology benchmark index Nasdaq Composite expanded by 46.48 points or 0.57% against the previous day closing level on account of surge in the technology stocks and trading at 8,192.97 respectively, at the time of writing.

Global News: Escalating international crisis over tankers in the Gulf, Iran on Monday said that it had arrested 17 CIA spies and some of them were sentenced to death, a claim dismissed by US President Donald Trump as false. US equity rose on Monday, amid reports that US trade negotiators likely to visit China next week and as investors expected positive earnings by Tech. As dovish policy by global central banks supported demand for government debt, the yield curve flattened after long-dated Treasury yields fell on Monday.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 6.23 points or 0.08% higher at 7,514.93, the FTSE 250 index snapped 26.35 points or 0.13% higher at 19,648.01, and the FTSE All-Share Index ended 3.70 points or 0.09% higher at 4,102.02 respectively. Another European equity benchmark index STOXX 600 ended at 387.74, up by 0.49 points or 0.13 per cent.

European News: Britain was due to announce its response to the seizure of a British oil tanker by the Iranian armed forces, as tensions with Iran increases. As Boris Johnson is expected to become the next prime minister, Alan Duncan, a junior foreign office minister and longstanding critic of Johnson, quit on Monday. The FTSE 100 index rose on the back of oil majors Shell and BP, which rose due to an increase in oil prices amid tensions in the Middle East. As the outlook for the pound turned bleaker, Sterling extended its decline on Monday, signalling unease among investors over the likelihood of Eurosceptic prime minister.

London Stock Exchange (LSE)

Top Performers Stocks: TED BAKER PLC (TED), REACH PLC (RCH), and NANOCO GROUP PLC (NANO) surged by 13.48 per cent, 7.75 per cent and 7.73 per cent respectively.

Top Laggards Stocks: PETRA DIAMONDS LD (PDL), LINDSELL TRAIN INVESTMENT TRUST PLC (LTI), and INTERNATIONAL PERSONAL FINANCE PLC (IPF) decreased by 8.78 per cent, 5.46 per cent and 5.15 per cent respectively.

FTSE 100 Index

FTSE100 Index: 5-days Price Chart (as on July 22, 2019), after the market closed. (Source: Thomson Reuters)

Top Risers Stocks: TUI AG (TUI), PERSIMMON PLC (PSN) and SMITH (DS) PLC (SMDS) rose by 4.60 per cent, 2.84 per cent and 2.74 per cent respectively.

Top Fallers Stocks: WHITBREAD PLC (WTB), ITV PLC (ITV) and CENTRICA PLC (CNA) reduced by 4.43 per cent, 2.90 per cent and 2.19 per cent respectively.

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

Top Risers Sectors: Technology (+0.93%), Energy (+0.74%) and Healthcare (+0.24%).

Top Fallers Sectors: Telecommunications Services (-0.87%), Consumer Non-Cyclicals (-0.21%) and Utilities (-0.16%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were exchanging at 1.2481 and 0.8983 respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were trading at 2.041% and 0.717% respectively. 

*At the time of writing

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