All You Need to Know About the FTSE 100 performance on July 30, 2019

Global Markets: Shares in the United States declined on Tuesday as US-Sino trade quarrel dragged technology companies at Wallstreet, with S&P 500 Index fell off 8.17 points or 0.28% against the previous close and quoting at 3,013.60, the Dow Jones Industrial Average Index declined 34.87 points or 0.13% and trading at 27,199.26 and the technology benchmark index Nasdaq Composite slumped 18.09 points or 0.22% in day’ session and quoting at 8,274.97 respectively, at the time of writing.

Global News: As the US and Chinese officials restarted negotiations after talks stopped in May, President Donald Trump on Tuesday warned China against waiting for the 2020 elections to finalise a deal, as expectations for this two-day meeting remained low. Inflation-adjusted consumer spending gained 0.2 per cent while consumer spending rose by 0.3 per cent in June, pointing to benign inflation and slower economic growth. As US-China trade worries pressured technology shares, stocks dipped on Tuesday, while the Treasury yields edged up as traders awaited signals by the Fed.

European Markets: The London’s broader equity index FTSE 100 ended 39.84 points or 0.52% lower at 7,646.77, the FTSE 250 Index slumped 111.88 points or 0.56% in today’s session and ended at 19,774.82 and the FTSE All-Share Index fell off 21.48 points or 0.51% against the previous close and ended day’s session at 4,164.69 respectively. Another, European equity benchmark index STOXX declined 5.74 points or 1.47% in day’s session and ended the market session at 385.11.

European News: The FTSE 100 rose to a fresh 11-month high on Tuesday, helped by a surge in oil major BP, to outperform the broader European market. In the overnight Asian trade, Sterling fell to the lowest since March 2017 when it touched an intraday low of $1.2120. Investors are betting that the world economy and financial markets would bear the brunt triggered by Brexit brinkmanship by PM Boris Johnson, which could trigger a messy divorce. Even as the EU warned that the bloc would not renegotiate the thrice defeated deal, the PM promised to lead Britain out of the European Union on 31 October, even at the cost of no deal.

London Stock Exchange (LSE)

Top Performers Stocks: PDL (PETRA DIAMONDS), SNN (SANNE GROUP PLC), and ELM (ELEMENTIS PLC) rose by 18.05 per cent, 13.86 per cent and 10.40 per cent respectively.

Top Laggards Stocks: CNA (CENTRICA PLC), LUCE (LUCECO PLC), and FRES (FRESNILLO PLC) reduced by 19 per cent, 18.40 per cent and 17.74 per cent respectively.

FTSE 100 Index

FTSE100 Index Chart: 5-days Price Performance (as on July-30-2019), after the market closed. (Source: Thomson Reuters)

Top Risers Stocks: BP. (BP PLC), MCRO (MICRO FOCUS INTERNATIONAL PLC) and JD (JD SPORTS FASHION PLC), and rose by 3.07 per cent, 2.09 per cent and 1.69 per cent respectively

Top Fallers Stocks: CNA (CENTRICA PLC), FRES (FRESNILLO PLC), and IAG (INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA) reduced by 19 per cent, 17.74 per cent and 5.43 per cent respectively.

Top Three Active Volume Stocks: LLOYDS BANKING GROUP PLC, VODAFONE GROUP PLC, and CENTRICA PLC.

Top Riser Sector: Energy (+0.80 %).

Top Fallers Sectors: Utilities (-2.19%), Financials (-1.06%), and Consumer Non-Cyclicals (-1.05%).

Foreign Exchange and Fixed Income

FX Rates*: GBP/USD and EUR/GBP were trading at 1.2165 and 0.9170, respectively.

10-Year Bond Yields*: US 10Y Treasury and UK 10Y Bond yields were exchanging at 2.065% and 0.635% respectively. 

*At the time of writing

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