This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
British equities conclude session up
On Tuesday, British equities concluded up, with market participants picking up shares that were beaten down in the previous trading session’s selloff, powered by renewed concerns as for a potential global trade conflict.
However, Tesco and Sainsbury’s suppressed the uptrend after data on supermarket sales in the United Kingdom demonstrated both losing market share.
The FTSE 100 index inched up by 0.4% being worth 7,537.92, bouncing off having sunk by 2.2% on Monday to report its lowest value since May 3.
The currency pair GBP/USD showed $1.3242, slipping a bit from $1.3281 recorded on Monday.
The risk of a probable trade war was still a theme for market participants on Tuesday. On Monday, China’s leader Xi Jinping warned that his country is ready to withstand recent US trading blows.
Trump is geared up towards banning a great number of China’s companies from investing in American tech businesses. However, there were signs of disagreement within the American government as for what can occur next and whether this Asian country is going to be the sole target or not.
Miners that were among top losers on Monday, reported some of the largest profits in the FTSE on Tuesday. Equities of BHP Billiton PLC BLT managed to rally by 2.5%, Rio Tinto tacked on by 1.6%, while Anglo American PLC AAL soared by 1%.
The equities of Carnival PLC CCL edged up by 3.1%, drawing purchasers after Monday’s 11% tumble, which showed up as the cruise-ship operator had its revenue guidance cut for the year.
J Sainsbury PLC SBRY headed south by 2.2% after data from research company Kantar Worldpanel disclosed that the company turned out to be the only of Britian’s top four grocers to face a tumble in sales for the twelve weeks to June 17.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!