FTSE 100 Closes June In The Red
FTSE 100 Closes June In The Reddish
Global financial newsworthiness saw the FTSE 100 index shut in the red at the end of June. Many investors believe this was in break u dejected to the ongoing tensions caused aside the US-Communist China trade state of war.
It eventually unsympathetic on Thursday 27th at a price of 7,402 which was down close to 14 points. This was in contrast to the FTSE 250 which really made gains over the course of the same period to destination at a terms of 19,314.
Political Tensions To Blame
As noted above, many blame profession tensions for having a negative impact connected the way this index performed. This is not entirely down to the upcoming meeting of President Trump with China's Xi Jinping though.
There is also the upcoming G20 meeting taking place which seems to have unsettled the market too.
The US-China war does seem to be the major problem though with no one destined on the nose how Sat's talks wish go. IT is thought that the trade wind war has reached a truce but the America still apparently has concerns over security just about Island tech firm, Huawei.
Kingfisher Did Well
Although the whole index was down past close of trading, some individual shares did well.
Retailer Kingfisher for example gained over 4% on their price later news show emerged of Thierry Garnier comely their untested Chief operating officer.
E-Therapeutics Ltd also had a sayonara which saw their share price shoot up away over 30% in the late afternoon session. This was down to Woodford Investment funds Direction clearing their need to liquidate assets.
It was not all good news though for private FTSE 100 companies. Place giant Rightmove was down 3.8% to a price of 533.1p after their stocks were reclassified to a 'neutralised' status by UBS.
The biggest logger over the whole 24-hour interval was XPS Pensions Group PLC. This was down to predictions that net would be impacted temporarily by cost increases over the sexual climax year. This saw their share price drop away almost 40%.
Will the FTSE 100 recover?
Until the G20 meeting and the US-Chinaware talks are over, so it is a little steely to say. Investors therein index would follow well advised to tread cautiously for immediately while the political picture becomes clearer. As the FTSE 100 is inferior UK-centric than the FTSE 250, any further political upheavals could be pricy.
away DayTrading.com
Source: https://www.daytrading.com/ftse-100-closes-june-red
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