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Morning Report

UK 100 Leaders Close Chg % Chg % YTD
Persimmon PLC 1385 45 3.4 200
Whitbread PLC 3935 118 3.09 181.1
Aberdeen Asset Management PLC 419.8 12 2.94 208.7
London Stock Exchange Group PLC 1928 55 2.94 168.9
Meggitt PLC 517.5 13 2.58 90.26
CRH PLC 1638 40 2.5 -6.01
TUI Travel PLC 433.5 9.7 2.29 66.73
Smith & Nephew PLC 915 19 2.12 42.63
UK 100 Laggards Close Chg % Chg % YTD
BG Group PLC 1053 -33.5 -3.08 -9.3
Tullow Oil PLC 836.5 -26 -3.01 -37.43
Sports Direct International PLC 691 -10.5 -1.5 586.2
Hargreaves Lansdown PLC 1353 -18 -1.31 350.1
Standard Chartered PLC 1240 -15.5 -1.23 -20.25
Admiral Group PLC 1418 -16 -1.12 20.78
Johnson Matthey PLC 3180 -35 -1.09 93.1
Compass Group PLC 892 -9.5 -1.05 94.63
Major World Indices Mid/Close Chg % Chg % YTD
UK UK 100 6,571.68 13.40 0.2 0.94
UK 15,865.00 75.19 0.48 1.22
FR CAC 40 4,228.18 40.08 0.96 1.50
DE DAX 30 9,301.92 45.34 0.49 -0.05
US DJ Industrial Average 30 15,794.00 165.57 1.06 0.61
US Nasdaq Composite 100 4,125.86 68.74 1.69 0.54
US S&P 500 1,797.02 23.59 1.33 0.81
JP Nikkei 225 14,718.34 255.93 0.02 -9.65
HK Hang Seng Index 48 21,617.37 -19.48 0.00 -7.25
AU S&P/ASX 200 5,222.15 55.62 0.01 -2.43
Commodities & FX Mid/Close Chg % Chg % YTD
Crude Oil, US Light Sweet ($/barrel) 99.72 -0.42 -0.42 1.79
Crude Oil, Brent ($/barrel) 109.195 1.09 1.01 2.67
Gold ($/oz) 1273.55 6.75 0.53 2.64
Silver ($/oz) 20.155 0.175 0.88 5.39
Platinum ($/oz) 1389.4 5.8 0.42 1.73
GBP/USD – US$ per £ 1.6429 0.11 -0.06
EUR/USD – US$ per € 1.3628 -0.06 1.01
GBP/EUR – € per £ 1.2054 0.16 -1.07
UK 100 called to open 20 points higher

Click graph to enlarge

Today's Main Events

  • 09:30     UK          Employment Confidence
  • 09:30     EU          Sentix investor Confidence
  • 13:15     CA          Housing Starts

See Live Macro Calendar for full data line-up, incl. consensus expectations

Markets Overview: (Source: Bloomberg, FT, Reuters, DJ Newswires)

UK 100 called to open +20pts at 6593 as traders have brushed aside the disappointing non-farm payroll data from the US on Friday, and jitters ahead of new Fed chief Janet Yellen’s testimony to the House and the Senate due later this week. Poor jobs numbers have left traders believing the US may just maintain its easy monetary policy a little longer, hence the rally in US markets on Friday. The Dow Jones was up 165 points at 15,794 whilst the S&P was up 23 points at 1,797.

In Asia stocks rallied, led by a jump in mainland Chinese shares, as the regional index headed for its longest streak of daily gains since December. Despite the Hang Seng being off 19 points at 21,617, the MSCI Asia Pacific Index increased 0.5 percent. Japan’s Nikkei advanced 255 points at 14,718.

The UK 100 ’s sits 6 points below the key 6,600 level as this now becomes resistance to the upside looking at the one-week chart. Support to the downside remains at 6,500 then 6,400. A quite day for macro-data means we’ll be relying on individual stocks for directions on the indices today.

In focus today with a lack of macro data out will continue to be the fallout from Friday’s Non-Farm Payroll data. With the major US markets all finishing in the blue having capped off an eventful week, the Asian markets all followed suit.

In commodities, following Friday’s data Gold surged over $16 with highs over $1272 and still maintaining these levels capping its biggest weekly advance in more than a month. With the Chinese buyers back from their break and the safe haven appeal Gold was very much in demand again. We also saw WTI testing the $100 level as a decline in US employment bolstered outlook for fuel demand.

 

Overnight Macro Data: (Source: Reuters/DJ Newswires)

  • Japan       Bankruptcies                       IN-LINE
  • Japan       Consumer Confidence        WORSE
  • China       Unemployment Rate          IN-LINE

See Live Macro calendar for all details

 

 

UK Company Headlines: (Source: Reuters/DJ Newswires)

  • Sigma Capital buys London site for private rented portfolio
  • Catlin full-year pretax profit rises 27 pct
  • Hyder Consulting says results to be materially below market expectations

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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.

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