Today's Main Events
- 09:00 EU German IFO
- 10:00 EU CPI
- 13:30 US Fed National Activity Index
See Live Macro Calendar for full data line-up, incl. consensus expectations
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UK 100 Leaders | Close | Chg | % Chg | % YTD |
Vodafone Group PLC | 236.5 | 6.9 | 3.0 | 65.04 |
BAE Systems PLC | 411.3 | 10.9 | 2.7 | 13.93 |
ARM Holdings PLC | 970 | 23 | 2.4 | 428.3 |
Persimmon PLC | 1464 | 27 | 1.9 | 217.1 |
RSA Insurance Group PLC | 101.2 | 1.6 | 1.6 | -15.46 |
G4S PLC | 236.7 | 3.3 | 1.4 | -11.41 |
Petrofac Ltd | 1379 | 19 | 1.4 | 33.11 |
Wolseley PLC | 3360 | 43 | 1.3 | 150.7 |
UK 100 Laggards | Close | Chg | % Chg | % YTD |
Coca-Cola HBC AG | 1550 | -45 | -2.82 | 0 |
InterContinental Hotels Group PLC | 1925 | -50 | -2.53 | 112.8 |
IMI PLC | 1526 | -39 | -2.49 | 148.2 |
ITV PLC | 204.2 | -3.6 | -1.73 | 267.6 |
Rolls-Royce Group PLC | 995 | -15 | -1.49 | 102.6 |
Royal Mail Group PLC | 600 | -9 | -1.48 | 0 |
Kingfisher PLC | 392.5 | -5.4 | -1.36 | 66.03 |
Smiths Group PLC | 1373 | -17 | -1.22 | 28.44 |
Major World Indices | Mid/Close | Chg | % Chg | % YTD |
UK UK 100 | 6,838.06 | 25.07 | 0.37 | 8.07 |
UK | 16,461.00 | 92.07 | 0.56 | 21.93 |
FR CAC 40 | 4,381.06 | 25.57 | 0.59 | 19.39 |
DE DAX 30 | 9,656.95 | 38.10 | 0.4 | 26.55 |
US DJ Industrial Average 30 | 16,103.30 | -29.93 | -0.19 | 15.24 |
US Nasdaq Composite 100 | 4,263.40 | -4.13 | -0.1 | 33.29 |
US S&P 500 | 1,836.25 | -3.53 | -0.19 | 20.70 |
JP Nikkei 225 | 14,837.68 | -27.99 | -0.19 | -8.92 |
HK Hang Seng Index 48 | 22,314.10 | -254.14 | -1.13 | -4.26 |
AU S&P/ASX 200 | 5,440.22 | 1.52 | 0.03 | 1.64 |
Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
Crude Oil, US Light Sweet ($/barrel) | 102.505 | 0.205 | 0.2 | 5.31 |
Crude Oil, Brent ($/barrel) | 110.075 | 0.35 | 0.32 | -6.74 |
Gold ($/oz) | 1327.85 | 1.85 | 0.14 | -18.8 |
Silver ($/oz) | 21.765 | -0.07 | -0.32 | -28.45 |
Platinum ($/oz) | 1428.55 | -1.15 | -0.08 | -16.67 |
GBP/USD – US$ per £ | 1.6645 | – | 0.17 | 7.49 |
EUR/USD – US$ per € | 1.374 | – | 0.01 | 2.93 |
GBP/EUR – € per £ | 1.2114 | – | 0.16 | 4.44 |
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 called to open -25 at 6815 taking a lead from Asian markets overnight. The catalyst for this wave of negativity was the Chinese property sector, and in particular reports banks may reining in lending to developers. China’s average new home prices in 70 major cities rose 9.6% on the in January, slightly lower than +9.9% on the year in December as the red-hot property market has stabilized after 11th straight month of year on year increases. China’s Hang Seng was down 254 points at 22,314 whilst Japan’s Nikkei was off 28 points at 14,837.
On Friday, US markets were a little subdued, with the Dow Jones closing down 29 points at 16,103 whilst the S&P was down 3.5 points at 1,836.
Results today: Bunzl (BNZL.L) FY revenue up 12% to £6.1bn, Pretax profit £372.2m vs. £237m expected, Total dividend up 15% to 32.4p p/sh. Bovis Homes (BVS.L) FY pretax profit up 48% to £78.8m, revenue up 31% to £556m, final dividend 9.5p, operating margin increased to 14.9%, states housing market is recovering with higher activity levels and improving house prices. HSBC (HSBA.L) To report after 9:00am. Associated British Foods (ABF.L) Maintains FY earnings expectations after strong performance from its Primark division. EPS to be similar to the 98.9p made in 2012/2013. Profit to be in line with last year.
In focus today macro data-wise will be German IFO data due at 9am this morning as well as Eurozone CPI data at 10am. Later in the week, we have some big corporate earnings with the likes of ITV, Travis Perkins, Royal Bank of Scotland, Standard Life, Rightmove as well as the main UK house builders delivering results.
The UK 100 seems to have calmed a little after a strong performance last week (up 2.5%), currently around 50 points off one-week highs. The one month upward trend remains intact however looking at the three-month chart, it appears that a double-top formation has been formed around the 6860 level. A break of these levels could well see us heading towards all-time highs on the UK Index . On the downside, support is now formed around 6750, 6730 and 6700.
In commodities, gold pushed higher just off recent highs touching $1328 which capped off a third weekly gain. With weak macro data from the US last week, deadly protest in Ukraine and increased demand from China, gold is set for a second consecutive month of rises. However having failed at recent highs of $1330 we could continue to see gold find resistance here. This week traders will keep a keen eye on US durable goods, consumer confidence and revised growth data. WTI rebounded from lowest levels in a week amid speculation that the cold weather spell will increase demand. Back above $102 on increased volume we will see resistance at $103 once again.
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See Live Macro calendar for all details
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