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| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| International Consolidated Airlines Group SA | 169.1 | 5.8 | 3.6 | 14.72 |
| Burberry Group PLC | 1253 | 38 | 3.1 | 5.74 |
| Tullow Oil PLC | 1445 | 38 | 2.7 | 3.07 |
| Whitbread PLC | 2456 | 64 | 2.7 | 57.03 |
| GKN PLC | 216.7 | 4.7 | 2.2 | 18.42 |
| Hargreaves Lansdown PLC | 762 | 15.5 | 2.1 | 77 |
| Capita Group (The) PLC | 737.5 | 15 | 2.1 | 17.34 |
| Evraz PLC | 243.3 | 4.9 | 2.1 | -35.07 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| Admiral Group PLC | 1081 | -61 | -5.3 | 26.88 |
| Severn Trent PLC | 1557 | -39 | -2.4 | 4.08 |
| Weir Group PLC | 1751 | -43 | -2.4 | -13.83 |
| Pennon Group PLC | 701 | -16.5 | -2.3 | -1.82 |
| Royal Bank of Scotland Group (The) PLC | 281.3 | -5.9 | -2.1 | 39.4 |
| GlaxoSmithKline PLC | 1361.5 | -26 | -1.9 | -7.48 |
| Associated British Foods PLC | 1370 | -24 | -1.7 | 23.76 |
| Smith & Nephew PLC | 638 | -10.5 | -1.6 | 2 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 5868.55 | 6.63 | 0.11 | 5.32 |
| UK | 12120.8 | 28.97 | 0.24 | 19.97 |
| FR CAC 40 | 3492.46 | 17.06 | 0.49 | 10.53 |
| DE DAX 30 | 7363.85 | 28.18 | 0.38 | 24.85 |
| US DJ Industrial Average 30 (closed) | 13093.2 | -139.42 | -1.05 | 7.17 |
| US Nasdaq Composite 100 | 2982.13 | -37.93 | -1.26 | 14.47 |
| US S&P 500 (closed) | 1414.2 | -13.39 | -0.94 | 12.45 |
| JP Nikkei 225 | 9007.44 | -43.78 | -0.48 | 6.53 |
| HK Hang Seng Index 48 | 22037.22 | -74.11 | -0.34 | 19.54 |
| AU S&P/ASX 200 | 4474.12 | 14.07 | 0.32 | 10.29 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 85.005 | 0.185 | 0.22 | -14.14 |
| Crude Oil, Brent ($/barrel) | 105.745 | -0.625 | -0.59 | -1.53 |
| Gold ($/oz) | 1678.25 | 0.35 | 0.02 | 7.14 |
| Silver ($/oz) | 30.86 | -0.065 | -0.21 | 11.11 |
| Platinum ($/oz) | 1547 | 1.9 | 0.12 | 10.41 |
| GBP/USD – US$ per £ | 1.6029 | – | 0.05 | 3.22 |
| EUR/USD – US$ per € | 1.2833 | – | 0 | -0.93 |
| GBP/EUR – € per £ | 1.249 | – | 0.06 | 4.1 |
Click graph to enlarge
See Live Macro Calendar for all data, incl. consensus expectations
UK 100 called to open -20pts, with Asian markets kicking off the news week on the back foot amid uncertainty ahead of key risk events of US elections, transition of China leadership and Greek austerity and budget votes which are tempering risk appetite after the gains of late.
Chinese official PMI Services data rebounded from a 2-year low in October, however, the HSBC reading declined touch from September’s 4-month high revising Asian/global growth concerns.
The better than expected US jobs figure looks to have been quickly forgotten, with UK UK 100 futures off their best levels of last week on possibility that better jobs growth could limit the curtail the life of the US Federal Reserve’s (Fed) asset purchase programme (QE), and macro data of last week failing to disrupt the long-term trend of falling highs around the 5915 level.
Over the weekend there has been talk about the ECB’s loans to Spanish banks contravening rules, with money advanced on generous rather than penal conditions. Merkel has also quashed any expectations of swift progress in Europe bay stating that anyone expecting it to take 1-2 years to solve the crisis is wrong, suggesting a less-than-comforting 5 years would be more appropriate.
Overnight, we’ve had better macro data from the UK with a big tick-up for the Lloyds Employment confidence index, while the Australian trade balance improved more than expected and its retail sales beat consensus.
In FX, GBP/USD still in 1-month downtrend but has bounced off its 29 Oct lows of 1.600, overnight, after the sharp sell-off of Thurs/Fri as the USD strengthened amid safe-haven seeking. EUR/USD declines also slowed up near 2-month lows of 1.28. Support?
In commodities, Gold still in 1-month downtrend (like USD) and now trading at 1-month lows of $1675 after the USD strengthening of late saw the metal become more expensive to buy for those needing to convert into USD. US Crude Oil tested below $85, after a Friday sell-off from $87, however, Brent Crude Oil remains under more pressure trading below $106 and at 1-month lows.
In focus today we have HSBC Q3 results not long after the open. After the flood of bad news on the PPI/mis-selling/legal probes on rate rigging front this will likely be in focus, although note that the sector rallied last week nonetheless. This will be followed up by UK PMI Services (key sector) which is expected to remain around the 52.0 level, still in the growth zone. Eurozone Sentix Investor Confidence is expected to improve a touch, while US ISM Non-manufacturing Composite is seen taking a solid leg up.
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