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| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| British Sky Broadcasting Group PLC | 878 | 33.5 | 4.0 | 4.03 |
| International Consolidated Airlines Group SA | 418.7 | 15.5 | 3.8 | 4.31 |
| Ashtead Group PLC | 795 | 18.5 | 2.4 | 4.61 |
| Petrofac Ltd | 1184 | 27 | 2.3 | -3.27 |
| easyJet PLC | 1637 | 34 | 2.1 | 6.58 |
| Hargreaves Lansdown PLC | 1514 | 31 | 2.1 | 11.82 |
| ITV PLC | 201.8 | 4.1 | 2.1 | 4.02 |
| Royal Mail Group PLC | 602 | 12 | 2 | 5.61 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| Diageo PLC | 1820 | -90 | -4.7 | -9 |
| G4S PLC | 237.7 | -9.2 | -3.7 | -9.45 |
| Aggreko PLC | 1560 | -51 | -3.2 | -8.72 |
| Burberry Group PLC | 1411 | -41 | -2.8 | -6.93 |
| BG Group PLC | 1008.5 | -26.5 | -2.6 | -22.27 |
| Randgold Resources Ltd | 4142 | -93 | -2.2 | 9.29 |
| Standard Chartered PLC | 1260.5 | -27 | -2.1 | -7.32 |
| Fresnillo PLC | 767 | -14.5 | -1.9 | 2.88 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,538.45 | -5.83 | -0.09 | -4.26 |
| UK | 15,701.80 | 13.49 | 0.09 | -3.00 |
| FR CAC 40 | 4,180.02 | 23.04 | 0.55 | -3.41 |
| DE DAX 30 | 9,373.48 | 36.75 | 0.39 | -3.79 |
| US DJ Industrial Average 30 | 15,848.60 | 109.81 | 0.7 | -3.71 |
| US Nasdaq Composite 100 | 4,123.13 | 71.70 | 1.77 | -1.77 |
| US S&P 500 | 1,794.19 | 19.99 | 1.13 | -2.42 |
| JP Nikkei 225 | 14,914.53 | -92.53 | -0.62 | -8.45 |
| HK Hang Seng Index 48 | 22,035.42 | -106.19 | -0.48 | -5.45 |
| AU S&P/ASX 200 | 5,190.00 | 1.94 | 0.04 | -3.03 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 97.835 | -0.205 | -0.21 | 3.76 |
| Crude Oil, Brent ($/barrel) | 107.855 | -0.35 | -0.32 | 1.46 |
| Gold ($/oz) | 1242.15 | -2.65 | -0.21 | -0.91 |
| Silver ($/oz) | 19.145 | -0.04 | -0.21 | -5.74 |
| Platinum ($/oz) | 1381.7 | -3.4 | -0.25 | -5.14 |
| GBP/USD – US$ per £ | 1.6479 | – | -0.11 | 0.34 |
| EUR/USD – US$ per € | 1.3545 | – | -0.1 | 0.03 |
| GBP/EUR – € per £ | 1.2166 | – | -0.02 | 0.29 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 called to open flat at 6537 as traders consider their options at the end of a turbulent week. The US markets gained weight overnight lifting indices from two-month lows, the bulls seeing off the bears in yesterday’s session as the focus was switched from emerging-market fears and Fed stimulus tapering to GDP growth, corporate earnings and consumer spending. The Dow Jones finishing higher by 109.82pts, S&P 500 up 19.99pts and the NASDAQ clocked an impressive gain of 71.69pts or 1.77%.
Weekly losses were erased in US trading after data showed data showed the economy expanded 3.2% in Q4 and consumer spending climbed the most in three years.
Facebook enjoyed a 14% advance and registered a new trading high of $62.50 since listing as investors made the most of a revenue and EPS beat. Blackstone Group, Under Armour and Pulte Group also rallied after delivering earnings ahead of estimates. Amazon the notable exception tumbling 7.7% in after-hours trading as profits missed.
Asian markets closed relatively flat with low volumes as only the Japanese, Australian, New Zealand and Thai markets open – the rest of the Asian markets closed for the Lunar New Year. With a sell-off in the Yen and profit taking to blame for the Nikkei finishing lower by 1.1%.
In focus today firstly will be the European reaction to a firmer US trading session. Later this morning at 10:00 we will receive the latest EU Unemployment Rate before switching attention to the US for Personal Income/Spending and Chicago PMI data at 13:30 and 14:45 respectively.
Some of the companies that have reported this morning… BT Group (BT.A.L) returned to quarterly revenue growth for the first time in four and a half years driven by demand for superfast broadband and new sports service. Rank Group (RNK.L) said H1 profit had declined 23%, can the 8% increase in dividend add some gloss?
In FX, the USD gained against most major peers as a result of Fed stimulus tapering, most notably against GBP/JPY.
WTI headed towards highest levels this year at $98.3, helped by an increased in spending by US consumers. Gold meanwhile is set for its first weekly loss since December as demand for its safe haven appeal declines. Increase bets that the FED will continue to cut stimulus due to faster US growth will continue to impact the price of the precious metal. Elsewhere Copper is heading for the biggest monthly drop since June on growth concerns in China, the world’s largest user.
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