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| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| Polymetal International PLC | 877 | 56 | 6.8 | -19.84 |
| Burberry Group PLC | 1229 | 71 | 6.1 | 3.71 |
| Kazakhmys PLC | 744 | 42.5 | 6.1 | -19.74 |
| Evraz PLC | 254.7 | 11.1 | 4.6 | -32.03 |
| Eurasian Natural Resources Corporation PLC | 408.8 | 15.2 | 3.9 | -35.67 |
| Randgold Resources Ltd | 5925 | 215 | 3.8 | -10.02 |
| ITV PLC | 74.95 | 2.7 | 3.7 | 9.98 |
| BT Group PLC | 222.3 | 7.6 | 3.5 | 16.45 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| Experian PLC | 932 | -19 | -2 | 6.45 |
| G4S PLC | 278.7 | -4.3 | -1.5 | 2.54 |
| SSE PLC | 1408 | -12 | -0.8 | 9.06 |
| Barclays PLC | 162.15 | -1.35 | -0.8 | -7.9 |
| Carnival PLC | 2121 | -9 | -0.4 | -0.24 |
| Tesco PLC | 313.75 | -1.25 | -0.4 | -22.23 |
| Wolseley PLC | 2333 | -7 | -0.3 | 9.43 |
| CRH PLC | 1191 | -2 | -0.2 | -6.95 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK 100 | 5666.13 | 57.88 | 1.03 | 1.68 |
| 11043.8 | 119.75 | 1.1 | 9.31 | |
| CAC 40 | 3180.8 | 45.63 | 1.46 | 0.66 |
| DAX (Xetra) | 6557.1 | 137.75 | 2.15 | 11.17 |
| Dow Jones Industrial Average | 12777 | 203.83 | 1.62 | 4.58 |
| Nasdaq Comp. | 2908.47 | 42.28 | 1.48 | 11.64 |
| S&P 500 | 1356.78 | 22.02 | 1.65 | 7.89 |
| Nikkei 225 | 8724.12 | 4.11 | 0.05 | 3.18 |
| Hang Seng | 19086.1 | -6.53 | -0.03 | 3.53 |
| S&P/ASX 200 | 4105.1 | 22.85 | 0.56 | 1.20 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil Light Sweet Composite | 86.845 | -0.225 | -0.26 | -12.28 |
| Gold Composite | 1589.6 | -0.3 | -0.02 | 1.48 |
| Silver Composite | 27.2825 | -0.0075 | -0.03 | -1.77 |
| Palladium Composite | 584.7 | -1.05 | -0.18 | -10.98 |
| Platinum Composite | 1434.3 | 1.4 | 0.1 | 2.37 |
| GBP/USD – US $ per £ | 1.5564 | – | -0.06 | 0.22 |
| EUR/USD – US$ per Euro | 1.2232 | – | -0.12 | -5.57 |
| GBP/EUR – Euros per £ | 1.2723 | – | 0.08 | 6.05 |
Click graph to enlarge
UK 100 called to open +10pts, but down off overnight highs and remaining in 1-week trading range, with macro data limited to UK house prices on account of Japanese markets being closed for Marine Day.
Opening calls are off their highs due to downbeat weekend comments from Chinese Premier Wen, warning on the nation’s economic rebound following the poor GDP figures. In addition to the pressure of last week on Germany’s delay to the region’s new bailout fund, the European Stability Mechanism (ESM), Ratings agency Moody’s has said that the delay is a negative for the ratings of all Eurozone nations.
Today, US retail data always a focus given the nation’s importance with figures out today along with New York manufacturing data and US Business Inventories. The IMF also publishes its updates on Global Growth at 3pm and it is expected to reverse its April upgrades after the events of the last quarter.
The rest of the week, macro data likely focused on inflation with concerns over world growth having been the dominant theme of late. Data likely to show a continued tapering of inflationary pressure as global demand sees energy commodity prices wane. European figures today, UK on Tuesday. German ZEW surveys always generate interest (Tuesday). UK unemployment on Wednesday, along with US Housing. More Retail data on Thursday, this time from the UK, along with the US leading indicator.
In FX and Commodities, GBP/EUR continues its breakout from another bullish flag pattern. USD/JPY remains under pressure. GBP/USD off its overnight and 1-week highs, as is EUR/USD. The stronger US Dollar is keeping a lid on the price of Gold which is off its highs of $1595.
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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