This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| Tullow Oil PLC | 1043 | 25 | 2.5 | -17.29 |
| Hargreaves Lansdown PLC | 1031 | 16 | 1.6 | 51.4 |
| Associated British Foods PLC | 1901 | 23 | 1.2 | 21.55 |
| Randgold Resources Ltd | 5120 | 55 | 1.1 | -13.95 |
| Centrica PLC | 393.1 | 4.2 | 1.1 | 17.84 |
| Imperial Tobacco Group PLC | 2154 | 21 | 1 | -9.23 |
| Melrose Industries PLC | 300.8 | 2.8 | 0.9 | 34.59 |
| Antofagasta PLC | 893.5 | 8 | 0.9 | -32.52 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| Vodafone Group PLC | 202.5 | -10.7 | -5 | 31.11 |
| Land Securities Group PLC | 881 | -27.5 | -3 | 8.3 |
| British Land Co PLC | 552.5 | -14.5 | -2.6 | -1.69 |
| Pearson PLC | 1278 | -21 | -1.6 | 7.58 |
| Carnival PLC | 2385 | -38 | -1.6 | 1.15 |
| William Hill PLC | 414.9 | -6.3 | -1.5 | 28.5 |
| G4S PLC | 257.4 | -3.5 | -1.3 | 0.35 |
| Hammerson PLC | 486 | -6.6 | -1.3 | -0.47 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,468.40 | -37.78 | -0.58 | 9.16 |
| UK | 14,861.50 | -13.98 | -0.09 | 20.24 |
| FR CAC 40 | 3,974.07 | -31.94 | -0.8 | 9.77 |
| DE DAX 30 | 8,180.70 | -63.16 | -0.77 | 7.47 |
| US DJ Industrial Average 30 | 14,834.00 | 23.69 | 0.16 | 14.65 |
| US Nasdaq Composite 100 | 3,612.60 | 22.74 | 0.63 | 22.03 |
| US S&P 500 | 1,639.77 | 6.80 | 0.42 | 16.92 |
| JP Nikkei 225 | 14,025.15 | 46.71 | 0.00 | 34.92 |
| HK Hang Seng Index 48 | 22,436.83 | 42.25 | 0.00 | -0.97 |
| AU S&P/ASX 200 | 5,176.60 | -19.97 | 0.00 | 11.35 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 0.1701 | 0.002 | 1.19 | -25.13 |
| Crude Oil, Brent ($/barrel) | 3.6709 | -0.0217 | -0.59 | 7.34 |
| Gold ($/oz) | 38.0962 | 0.5152 | 1.37 | -10.07 |
| Silver ($/oz) | 51.4937 | 0.7398 | 1.46 | -8.34 |
| Platinum ($/oz) | 27.072 | -0.0226 | -0.08 | 9.77 |
| GBP/USD – US$ per £ | 51835.3 | – | 0 | -14.96 |
| EUR/USD – US$ per € | 8406.17 | – | 0 | -7.59 |
| GBP/EUR – € per £ | 144.89 | – | 2.2 | 3.1 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 called to open up 15 pts higher at 6472 regaining some of yesterday’s fall, despite news that US senators backed a draft resolution allowing the use of force in Syria. If the vote is passed today, it will give Barack Obama a 60-day window in which to take military action. The Dow Jones managed to hold onto gains last night, closing up 24 points at 14,834 whilst the S&P was up 7 points at 1,639.
Overnight in Asia, a similar pattern was seen with the Hang Seng up 42 points at 22,436 whilst the Nikkei was up 46 points at 14,025. We have however seen Asian futures come off slightly as crude gains on Syria concerns. Chinese HSBC/Markit Services PMI came in slightly ahead at 52.8 vs 51.3 previously.
In focus today will be UK PMI services at 9:30 as well as GDP figures from the Eurozone at 10am. Results this morning from Hargreaves Lansdown and Ashtead group are the main ones to look out for. Barclays have also announced the deadline (13th of September) to take up the rights issue. Please speak to a trader at Accendo Markets for more information on this. Later on this afternoon, keep an eye on ISM manufacturing data from the US.
UK 100 struggled to stay above 6500 which remains the short term key resistance level before one week highs of 6530 become the next real resistance. Support at 6400 and 6350 remain intact.
The price of gold is trading above $1400 once again as investors reacted to the threat of a military strike against Syria. $1415.30 registered overnight.
President Obama won support from two opposition lawmakers for a strike on Syria, raising concerns oil supply may be disrupted in the Middle East. Trading in oil has been volatile overnight, US Light crude trading at $108.23 and Brent at $115.87.
In FX space it is all about the US dollar. The greenback is trading at a six-week high against the Euro ahead of today’s Beige Book report from the Fed.
The Fed’s assessment on regional economies in the US is likely to show growth strong enough to support stimulus tapering.
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – all part of the service.
See Live Macro calendar for all details
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
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