Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
FTSE 100 moderately ascends
On Thursday, British equities demonstrated thin revenues, stumbling on losses for the month as well as the quarter because market participants get ready to enjoy the upcoming Easter holiday break.
The FTSE 100 index UKX rallied 0.1% being worth 7,051.57. The basic materials sector appeared to be the top notch performer, while losers were mainly represented by the utility as well as healthcare groups. The index tacked on 0.6% on Wednesday.
The blue-chip benchmark was braced for diving 2.6% for March.
The currency pair GBP/USD reached $1.4058, sinking from $1.4076.
The revenue on the 10-year gilt TMBMKGB-10Y acquired no more than 1 basis point demonstrating an outcome of 1.36%.
By the way, trading on the FTSE 100 is going to be closed due to Good Friday
Mining equities were backing the FTSE 100 because prices for some commodities surged, with copper futures HGK8 soaring 0.7%.
However, miner equities have taken a hit along with broader stock markets for recent weeks, suppressed by worries of global trade conflict as well as a probably stepped-up tempo of interest rate hikes by the Fed.
On Thursday, the final outcome on British GTP for the fourth quarter is expected to show up. On a quarter-over-quarter basis it’s generally believed to account for 0.4%.
Compass Group PLC CPG equities dived 2.7% right after French food services counterpart Sodexo SW had its fiscal 2018 financial outlook downgraded after a dismal quarter.
Leading performers on the FTSE 100, equities of business software maker Micro Focus International PLC MCRO headed north 1.6%. As for miner Anglo American PLCAAL, its stocks ascended up to 1.7%.
In addition to this, Ted Baker PLC TED, apparel and accessories retailer headed south about 2% on the FTSE 250 because Jefferies had the company’s rating downgraded from buy to hold.
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
PMI reports from the EU, the UK, and the USA will be released during the day!