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K E Y  E V E N T S

The FTSE 100 traded 1.20% higher at 7,036 and the GBP/USD was up 0.03% at 1.28191 after the UK’s Prime Minister Theresa May’s Brexit deal was signed off over the weekend, a step forward in the “Brexit Deal” camp. Energy and banking sectors were the leaders today.

Economic data for the housing market saw an unexpected rise in activity in October. Gross mortgage lending to the residential market was £25.5bn – 5.6% better than October 2017. Mortgage approvals for house purchases were also higher beating economic forecasts at 45,289. However, the total number of mortgage approvals was lower.

Credit card spending increased in October, up 12.1% at £11.3bn.

Following on from Black Friday’s event, retail analysts Springboard discovered that there was an increase in online transactions by 46%.

The banking sector led the gains on Monday thanks to the Brexit deal struck over the weekend and the Italian government agreed to curb spending which in turn relieved lenders that have large sovereign bond portfolios.

Oil prices pushed equity markets lower last week, and have reversed some of the losses back on Monday. U.S. crude futures traded higher by more than 2% to trade above $51 a barrel, while Brent crude surged nearly 3% to above $60. However, fears over global economic growth and further indications of increasing supply put a limit on the gains.

Over in the US stocks were trading higher thanks to the expectations of higher sales during Black Friday and Cyber Monday. Amazon traded 3.3% higher on the back of this. The S&P500 was also higher by 1.45% at 2,670.66.

READ  Daily Market Brief [31/07/2018]

Amazon YTD

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C L O S E D  P R I C E S (As of 16:30 GMT)

NameLast priceChange% change
FTSE 100 (C)7,036.0083.141.20%
DAX (C)11,354.72162.031.45%
CAC 40 (C)4,994.9848.040.97%
GBP/USD1.2818-0.00010.00%
EUR/USD1.1333-0.0004-0.03%
USD/JPY113.5380.5980.53%

T O P  P E R F O R M E R S (UK)

EPICNameCurrent price (p)Day change
WG.Wood Group (John) Plc632.40+44.80+7.62%
VODVodafone Group plc164.82+9.70+6.25%
FRESFresnillo777.80+31.40+4.21%
PRUPrudential plc1,575.00+56.50+3.72%
RR.Rolls Royce Holdings Plc839.60+27.20+3.35%

Wood Group YTD

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Vodafone YTD

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Fresnillo YTD

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Prudential YTD

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W O R S T  P E R F O R M E R S (UK)

List, images and explain why they are top performers

EPICNameCurrent price (p)Day change
JE.Just Eat plc581.00-21.20-3.52%
PPBPaddy Power Betfair plc7,040.00-150.00-2.09%
RMGRoyal Mail PLC332.90-7.10-2.09%
MROMelrose Industries plc178.20-3.65-2.01%
BRBYBurberry Group plc1,824.50-25.50-1.38%

Just Eat YTD

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Paddy Power Betfair YTD

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Royal Mail YTD

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Melrose Industries

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Burberry Group YTD

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I M P O R T A N T  N E W S  / E V E N T S  T O M O R R O W

  • US Data | 15:00 GMT | High Impact |Consumer Confidence | Estimated: 135.9 | Previous 137.9
    • Significance: Higher consumer confidence correlates with higher consumer spending which is a positive factor in a growing economy. Less confidence = less spending.
  • Company Earnings | FTSE 100 | Intertek Group PLC
  • Company Earnings | S&P 500 | Salesforce.com