FTSE 100 rose to a one-month high
The FTSE 100, the United Kingdom’s major index, had a rollercoaster ride in the previous month. The index fell to a low of 5,788.74 on the day of the United Kingdom’s referendum results. Over the previous three trading sessions, the index saw a tremendous rise. It was partly aided by the weakening currency and the increasing probability of a dovish monetary policy with more easing. The FTSE 100 rose to a high of 6,504.33 on June 30 before ending the day 2.3% above the opening levels. The strong GDP release also had a role in rising positive sentiments in the United Kingdom’s markets.
Among other major indexes, the SPDR Euro STOXX 50 ETF (FEZ), a Eurozone blue-chip stock index, rose by 1.1%, while the Italian FTSE MIB rose by 1.6%.
Chinese markets are flat
Critical Asian indexes were trading with a positive bias on June 30. The major markets that were trading near flat included the Japanese Nikkei 225. It had a slight rise of 0.06%. The DJ Shanghai fell by 0.08%.
US markets extend positive run
Markets continued to rise after another day of positive economic reports from the US in terms of the Chicago PMI (purchasing managers’ index). It rose by 7.5 points to 56.8. The Chicago PMI is expected to pave the way for strong manufacturing PMI from the Institute for Supply Management. It’s scheduled for July 1. Looking at the performance of the indexes on June 30, the S&P 500 VIX index saw the fourth straight day of losses. It fell by 6.1%. The S&P 500 (SPY) rose by 1.4% and the NASDAQ Composite (IXIC) rose by 1.3%. The Dow Jones Industrial Average rose by 1.3%.