Changes in sectors: quotations of companies from the tourism industry are falling under the influence of geopolitics and oil prices

At the beginning of the holiday-shortened week, companies from the tourism and recreation industry recorded losses on the FTSE 350 index.

An additional difficulty in this segment was the increased geopolitical risk following the killing of an Egyptian soldier by Israeli forces at the border crossing in southern Gaza.

An almost 1% increase in crude oil futures prices ahead of the OPEC+ ministerial meeting on June 2 also weighed on the quotations.

The oil cartel and its key allies, including Russia and Kazakhstan, were expected to maintain production restrictions.

Retailers were also at a disadvantage after the latest British Retail Consortium and NeilsenIQ store price index showed store price inflation fell to 0.6% in May from 0.8% in April.

Moving in the opposite direction, precious metals stocks gained strength as gold futures rose 1.15% to $2,383.90/oz. on the COMEX.

JP Morgan analysts helped the sector with price target increases for Fresnillo and Hochschild.

Sectors that are currently performing best

Cars and parts 1105.15 +3.43%

Precious metals and mining 10,818.75 +3.08%

Telecommunications service providers 2042.18 +1.02%

Real estate investment funds 2,361.97 +1.02%

Industrial transport 4254.87 +0.85%

The lowest performing sectors so far

Travel and leisure 7,364.47 -3.27%

Food producers 8,308.81 -2.50%

Beverages 21,336.66 -2.20%

Retailers 3822.54 -1.89%

Pharmaceuticals and biotechnology 23,063.37 -1.89%