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| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| Sports Direct International PLC | 838 | 29 | 3.6 | 732.2 |
| Aviva PLC | 523.5 | 14 | 2.8 | 32.7 |
| International Consolidated Airlines Group SA | 444 | 10.9 | 2.5 | 132.3 |
| Reckitt Benckiser Group PLC | 4953 | 113 | 2.3 | 47.81 |
| Next PLC | 6745 | 150 | 2.3 | 215.3 |
| Aberdeen Asset Management PLC | 381.9 | 5.9 | 1.6 | 180.8 |
| Royal Mail Group PLC | 598 | 9 | 1.5 | 0 |
| Coca-Cola HBC AG | 1491 | 20 | 1.4 | 0 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| Royal Bank of Scotland Group (The) PLC | 310.2 | -9.6 | -3 | -3.36 |
| Johnson Matthey PLC | 3096 | -92 | -2.89 | 87.99 |
| Barclays PLC | 236.15 | -5.85 | -2.42 | -8.88 |
| Antofagasta PLC | 840 | -18.5 | -2.15 | -18.13 |
| Pearson PLC | 1001 | -21 | -2.05 | 12.03 |
| Schroders PLC | 2601 | -47 | -1.77 | 92.52 |
| Tesco PLC | 314.65 | -5.6 | -1.75 | -26.55 |
| Vodafone Group PLC | 226.25 | -3.85 | -1.67 | 26.72 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,685.52 | -3.93 | -0.06 | 5.66 |
| UK | 16,481.40 | 30.20 | 0.18 | 22.08 |
| FR CAC 40 | 4,349.72 | -21.12 | -0.48 | 18.53 |
| DE DAX 30 | 9,307.80 | 42.29 | 0.46 | 21.97 |
| US DJ Industrial Average 30 | 16,351.30 | -67.38 | -0.41 | 17.02 |
| US Nasdaq Composite 100 | 4,307.19 | -27.26 | -0.63 | 34.66 |
| US S&P 500 | 1,867.63 | -9.54 | -0.51 | 22.76 |
| JP Nikkei 225 | 14,830.39 | -393.72 | -2.59 | -8.97 |
| HK Hang Seng Index 48 | 21,901.13 | -368.48 | -1.65 | -6.03 |
| AU S&P/ASX 200 | 5,384.20 | -29.64 | -0.55 | 0.60 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 99.295 | -0.175 | -0.18 | 2.01 |
| Crude Oil, Brent ($/barrel) | 108.125 | -0.15 | -0.14 | -8.39 |
| Gold ($/oz) | 1358.5 | 10.7 | 0.79 | -16.92 |
| Silver ($/oz) | 21.1075 | 0.1975 | 0.94 | -30.61 |
| Platinum ($/oz) | 1472.5 | 4.5 | 0.31 | -14.1 |
| GBP/USD – US$ per £ | 1.6634 | – | 0.07 | 7.42 |
| EUR/USD – US$ per € | 1.3859 | – | 0.02 | 3.82 |
| GBP/EUR – € per £ | 1.2002 | – | 0.07 | 3.47 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 set to open 50 points lower at 6630 following on from a sell-off in Asian equities due to a stronger Yen and concerns on China’s growth. Please note 22 points of the drop on the UK Index is due to heavyweights going ex-dividend from the likes of BATS, HSBC and STAN. Weak sentiment and both poor GDP data and Consumer Confidence data sent the Japanese Nikkei down 2.5%. With copper prices hitting five year lows, the Shanghai composite was trading at its lowest levels since July 2013. Coupled with concerns in corporate China over a potential default risk was taken off the table. The Hang Seng followed suit from their Asian peers down 1.6%.
US markets reversed early gains to finish firmly in the red with the Dow Jones down 67 points at 16,351 and the S&P 500 down 10 points at 1,867. This was led by commodity related stocks due to fears of a global slowdown. With China as the biggest importer of copper which is trading at five year lows this impacted on the likes of Freeport-McMoran, down over 2%. Nine of 10 main industries in the S&P 500 declined today, with energy companies slipping 1.2% for the biggest loss. With no resolution in Ukraine and Russia this weighed on the negative sentiment.
In focus today we have UK trade balance at 9:30am and EU Industrial production at 10:00am. All eyes will continue to focus on tensions in Ukraine and whether or not copper prices will rebound.
Results today: Ferrexpo (FXPO.L) Revenue $1.6bn up 11%, sales 10.689m tns vs. 9.675m tns, pretax profit $305m vs. $266m up 15%, Special dividend 6.6cents/sh, no disruptions to operations in Ukraine. Hochschild (HOC.L) FY Revenue $622.2m vs. $818m, Adjusted ENITDA $195.5m vs. $384,8m, suspends dividend, production exceeds 20m oz target, cash balance $291m with short term borrowings $17.8m. G4S (GFS.L) FY Revenue £7.43bn vs. £7.35bn, “demand for service remains strong” cash generated by operations increased by 36% to £460m. Prudential (PRU.L) To release figures later this morning.
Commodities: Copper is trading near lowest levels since July 2010 as investors asses the slowing demand from China. LME was little changed at $6,480 tn ahead of Chinese industrial production data due out tomorrow. Gold climbs to 19-week high of $1,359.83 oz as fear over China’s growth and the Ukrainian/Russian situation is boosting the metal’s safe haven appeal. WTI fell 85cents to $99.18 a barrel as stockpiles expanded by 2.63m barrels in US, Brent Crude fell 44 cents to $108.11 a barrel.
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