FTSE 100 Closes June In The Red - reedcraver1962
FTSE 100 Closes June In The Blood-red
Global financial news saw the FTSE 100 index close in the red at the end of June. Many an investors believe this was in set forth pile to the ongoing tensions caused past the America-China trade war.
It eventually shuttered on Thursday 27th at a cost of 7,402 which was down around 14 points. This was in contrast to the FTSE 250 which actually made gains over the course of the very period to cultivation at a cost of 19,314.
Persuasion Tensions To Blame
As noted above, many curst political tensions for having a negative affect on the way this forefinger performed. This is non solely down to the approaching coming together of President Trump with China's Xi Jinping though.
There is too the upcoming G20 get together taking place which seems to throw changeable the market too.
The US-China state of war does seem to live the major problem though with nobelium one doomed exactly how Saturday's talks will go. Information technology is thought that the trade war has reached a truce simply the US still apparently has concerns over security around Chinese tech firm, Huawei.
Kingfisher Did Well
Although the whole forefinger was set past close of trading, some mortal shares did well.
Retailer Kingfisher for instance gained o'er 4% happening their price after news emerged of Thierry Garnier becoming their new CEO.
E-Therapeutics Ltd too had a good day which saw their portion price shoot in the lead by over 30% in the former afternoon academic session. This was down to Woodford Investment Management clearing their postulate to liquidate assets.
IT was not all good news though for singular FTSE 100 companies. Attribute giant Rightmove was down 3.8% to a price of 533.1p after their stocks were reclassified to a 'neutral' condition by UBS.
The biggest faller over the total day was XPS Pensions Chemical group PLC. This was down to predictions that profits would be compact temporarily by cost increases o'er the coming year. This proverb their divvy up price drop by almost 40%.
Will the FTSE 100 go back?
Until the G20 coming together and the US-China talks are over, then it is a little grueling to say. Investors in this index would be well advised to tread cautiously for now while the persuasion picture becomes clearer. As the FTSE 100 is to a lesser extent UK-centric than the FTSE 250, any encourage political upheavals could be costly.
by DayTrading.com
Source: https://www.daytrading.com/ftse-100-closes-june-red
Posted by: reedcraver1962.blogspot.com
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