Getting latest data loading

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report

UK 100 Leaders Close Chg % Chg % YTD
Vedanta Resources PLC 961 55 6.1 -5.32
Antofagasta PLC 1139 42 3.8 -6.26
Kazakhmys PLC 757 27 3.7 -18.34
Evraz PLC 267.7 9.2 3.6 -28.56
Randgold Resources Ltd 5985 185 3.2 -9.11
Rio Tinto PLC 3157 96.5 3.2 1.02
Weir Group PLC 1612 49 3.1 -20.67
AMEC PLC 1054 28 2.7 16.14
UK 100 Laggards Close Chg % Chg % YTD
Aberdeen Asset Management PLC 255 -9.7 -3.7 20.28
Kingfisher PLC 281.8 -7.2 -2.5 12.41
ITV PLC 76.35 -1.45 -1.9 12.03
ICAP PLC 334.8 -5 -1.5 -3.49
Royal Bank of Scotland Group (The) PLC 216.5 -2.5 -1.1 7.28
Pennon Group PLC 761 -7.5 -1 6.58
United Utilities Group PLC 673.5 -6 -0.9 11.14
Ashmore Group PLC 350.4 -2.9 -0.8 4.91
Major World Indices Mid/Close Chg % Chg % YTD
UK 100 5687.73 47.09 0.83 2.07
11189.8 96.33 0.87 10.76
CAC 40 3271.2 31 0.96 3.53
DAX (Xetra) 6578.2 82.13 1.26 11.53
Dow Jones Industrial Average 12943.8 72.41 0.56 5.94
Nasdaq Comp. 2976.08 24.85 0.84 14.24
S&P 500 1374.02 8.51 0.62 9.26
Nikkei 225 9006.78 132.67 1.5 6.52
Hang Seng 19441.46 416.19 2.19 5.46
S&P/ASX 200 4094.63 49.8 1.23 0.94
Commodities & FX Mid/Close Chg % Chg % YTD
Crude Oil Light Sweet Composite 87.045 -0.635 -0.72 -12.08
Gold Composite 1617.45 -1.75 -0.11 3.26
Silver Composite 28.135 -0.06 -0.21 1.3
Palladium Composite 603.475 4.475 0.75 -8.12
Platinum Composite 1488.75 -0.25 -0.02 6.26
GBP/USD – US $ per £ 1.5677 -0.07 0.95
EUR/USD – US$ per Euro 1.259 -0.11 -2.81
GBP/EUR – Euros per £ 1.2452 0.05 3.78
UK 100 is called to open down by roughly 7 points

Click graph to enlarge

Today's Main Events

  • 08:13-08:58     EU        PMI Services
  • 09:28                   UK        PMI Services
  • 10:00                   EU        Eurozone Retail Sales

 

See Live Macro Calendar for all data, incl. consensus expectations

 

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

UK 100 is called to open down by around 7 points this morning after fairly flat Asian markets over night as well as no activity in the afternoon from the US markets due to Independence Day.  The Dow Jones managed to close up by 72 points yesterday in their shortened trading session while the Nasdaq added 25 points to close at near 3-month highs of 2,976. In Asia, the Nikkei was up around 28 points at 9,094 while the hang seng closed up 35 points at 19,771.

I’m sure all eyes will again be on the Barclays fiasco with ex-CEO Bob Diamond set to speak with MPs today. With Mr. Diamond’s shock resignation (or push?) yesterday, Barclays share price closed down 0.8% at 167.6p despite having rallied to almost 176p at one point yesterday afternoon. Which way will Barclays trade today?

Gold rallied yesterday closing above the $1,600 level once again (currently trading at around $1,617). Brent Crude also managed a little rally, trading above the $100 a barrel level at $100.68.

With the US markets closed for Independence day today, eyes will be on macro data this morning such as PMI services from Spain/Italy/France/Germany/UK and the Eurozone.

 

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

  • UK                    Shop Price Index         In-line
  • Aussie              Retail Sales                 Better
  • China               HSBC Services PMI      In-line
  • Aussie              Service Index               In-line
  • US                    Vehicle Sales               Better

See Live Macro calendar for all details

 

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

  • Tullow Oil sees record H1 revenues, confident on output
  • Carillion says H1 in line, bid pipeline grows
  • Hunting says trading outlook encouraging
  • Gleeson says order book up 18 percent
  • Taylor Wimpey says UK housing market stable in H1
  • African Minerals appoints Keith Calder as CEO
  • Netplay TV Q2 average daily revenue up 48 pct
  • Aquarius Platinum to suspend all non-essential capex
  • Petra Diamonds agrees $25 mln credit facility
  • Johnson Service says first-half trading in line

 

Morning Press Selection:

  • Asian stocks advance on stimulus hopes – Bloomberg
  • Bob Diamond fingers BoE – City AM
  • Recovery in doubt as construction slumps – Reuters



Back to Top

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.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.