FTSE 100
The FTSE 100 index is falling today after having three consecutive days of minor gains. The index is trading at £6,300, which is higher than this month’s low of £5,900. What’s interesting in the FTSE is that more investors are buying Carnival shares, even as the number of coronavirus cases jump around the world. Carnival share price is at 1,140p and is up by 16% in the past 30 days. Still, it is among the worst-performing stocks in the FTSE this year having lost more than 70% of its value.
Ocado
The FTSE 100 is jubilant today, having gained more than 1.10% ahead of an important speech by Boris Johnson on reopening measures. The rebound in manufacturing and services sectors have also accelerated the momentum. At the same time, Ocado share price is in trouble today. It is the third-worst performer in the index after Hikma and RightMove. The shares are down by more than 2.9% and are trading at £1992.
GBPUSD
BT share price has gained by almost 6% in the past five days after reports that Saudi Arabia’s sovereign wealth fund had invested billions in the company. The kingdom now owns about 5% of the biggest telecom company in the UK. Still, the company’s share price is still languishing near the lowest level since the past financial crisis. The BT stock price has dropped by 40.7% this year and by 74% in the past five years.
The FTSE 100 is shining today as investors continue to focus on the ongoing reopening and the likelihood of more stimulus by the Bank of Japan. The index is up 0.85% and is trading at £6,316, which is the highest it has been in more than a week. Other indices in Europe are also rising, with the DAX index and CAC 40 up by 0.70% and 1.07% respectively.
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