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| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| Lloyds Banking Group PLC | 32.62 | 0.975 | 3.1 | 25.92 |
| Weir Group PLC | 1635 | 19 | 1.2 | -19.54 |
| Tesco PLC | 319.2 | 1 | 0.3 | -20.88 |
| International Power PLC | 417.7 | 0.3 | 0.1 | 23.87 |
| British Sky Broadcasting Group PLC | 702.5 | -1.5 | -0.2 | -4.1 |
| United Utilities Group PLC | 627.5 | -1.5 | -0.2 | 3.55 |
| National Grid PLC | 667.5 | -2 | -0.3 | 6.8 |
| Royal Bank of Scotland Group (The) PLC | 24.47 | -0.08 | -0.3 | 21.26 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| Kazakhmys PLC | 774 | -51 | -6.2 | -16.5 |
| Eurasian Natural Resources Corporation PLC | 520 | -33 | -6 | -18.17 |
| Tullow Oil PLC | 1469 | -88 | -5.7 | 4.78 |
| Man Group PLC | 88.75 | -4.7 | -5 | -29.4 |
| CRH PLC | 1174 | -62 | -5 | -8.28 |
| Vedanta Resources PLC | 1122 | -58 | -4.9 | 10.54 |
| Rio Tinto PLC | 3214.5 | -148.5 | -4.4 | 2.86 |
| Anglo American PLC | 2263 | -102 | -4.3 | -4.88 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK 100 | 5655.06 | -111.49 | -1.93 | 1.49 |
| 11156.2 | -327.11 | -2.85 | 10.43 | |
| CAC 40 | 3214.22 | 52.25 | 1.65 | 1.72 |
| DAX (Xetra) | 6569.48 | 8.01 | 0.12 | 11.38 |
| Dow Jones Industrial Average | 13008.5 | -29.8 | -0.23 | 6.47 |
| Nasdaq Comp. | 2957.76 | 1.42 | 0.05 | 13.54 |
| S&P 500 | 1369.58 | 0.48 | 0.04 | 8.9 |
| Nikkei 225 | 9181.65 | 62.51 | 0.69 | 8.59 |
| Hang Seng | 20554.08 | 17.43 | 0.08 | 11.50 |
| S&P/ASX 200 | 4314.3 | 13.01 | 0.3 | 6.35 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil Light Sweet Composite | 97.635 | -0.405 | -0.41 | -1.38 |
| Gold Composite | 1635.5 | -3.1 | -0.19 | 4.41 |
| Silver Composite | 29.8625 | -0.2025 | -0.67 | 7.52 |
| Palladium Composite | 650.15 | 2.35 | 0.36 | -1.01 |
| Platinum Composite | 1530.7 | 2.1 | 0.14 | 9.25 |
| GBP/USD – US $ per £ | 1.6177 | – | -0.07 | 4.16 |
| EUR/USD – US$ per Euro | 1.3026 | – | -0.24 | 0.56 |
| GBP/EUR – Euros per £ | 1.2418 | – | 0.18 | 3.5 |
Click graph to enlarge
UK 100 called to open -15pts from Friday’s close, with European bourses having sold off and recovered yesterday (only UK markets closed) in the aftermath of the French and Greek elections which cast a shadow of volatility over markets with calls for growth versus austerity. Results reflected flailing public support for bailouts and cost cuts with France electing for the return of a socialist leader (not seen since Mitterand) rather than re-election of Merkel’s ally and incumbent Sarkozy. Greek polls also rejected current fiscal programmes, proving inconclusive (multiple parties gaining split support, no coalition yet) and look to lead the way for a re-run next month.
US markets closed mixed last night, with little data and UK markets closed, but equities nonetheless focused on European politics. Overnight, Asian markets began a rebound thanks to news that Spain may be ready to helps its ailing bank sector. This is something it said it wouldn’t do but could well be key to avoiding contagion to the rest of Spain’s financial sector and more importantly to the rest of the continent’s. Macro data overnight saw a raft of poor UK focused macro data in the form of housing, shop prices and employment confidence.
Today look to be a quiet macro today for the return of UK equity traders and their chance to react to the weekend political events, however German Industrial production will likely been keenly watched after the recent poor PMI manufacturing data. US optimism and jobs data also likely of interest after the disappointing US jobs number on Friday.
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Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research