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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| BG Group PLC | 1265 | 31.0 | 2.5 | -2.5 |
| Randgold Resources Ltd | 4566 | 84.0 | 1.9 | 20.5 |
| Admiral Group PLC | 1535 | 25.0 | 1.7 | 17.2 |
| ITV PLC | 179.4 | 2.8 | 1.6 | -7.5 |
| London Stock Exchange Group PLC | 1994 | 26.0 | 1.3 | 15.1 |
| Reckitt Benckiser Group PLC | 5190 | 65.0 | 1.3 | 8.3 |
| Reed Elsevier PLC | 959 | 10.5 | 1.1 | 6.7 |
| G4S PLC | 254.9 | 2.7 | 1.1 | -2.9 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Anglo American PLC | 1418 | -46.5 | -3.2 | 7.4 |
| Rio Tinto PLC | 3058 | -98.5 | -3.1 | -10.3 |
| Antofagasta PLC | 749.5 | -20.0 | -2.6 | -9.0 |
| International Consolidated Airlines Group SA | 391.2 | -8.8 | -2.2 | -2.5 |
| Sainsbury (J) PLC | 325.7 | -7.3 | -2.2 | -10.8 |
| Friends Life Group Ltd | 323.9 | -7.0 | -2.1 | -8.5 |
| easyJet PLC | 1501 | -29.0 | -1.9 | -2.3 |
| Carnival PLC | 2414 | -39.0 | -1.6 | -3.5 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,843.10 | 4.24 | 0.06 | 1.39 |
| UK | 16,126.00 | 38.37 | 0.24 | 1.20 |
| FR CAC 40 | 4,554.40 | -0.71 | -0.02 | 6.02 |
| DE DAX 30 | 9,938.70 | -11.11 | -0.11 | 4.05 |
| US DJ Industrial Average 30 | 16,734.20 | -109.68 | -0.65 | 0.95 |
| US Nasdaq Composite 100 | 4,297.63 | -34.30 | -0.79 | 2.90 |
| US S&P 500 | 1,930.10 | -13.78 | -0.71 | 4.42 |
| JP Nikkei 225 | 15,109.86 | 136.33 | 0.91 | -7.25 |
| HK Hang Seng Index 48 | 23,363.63 | 188.61 | 0.81 | 0.25 |
| AU S&P/ASX 200 | 5,401.70 | -27.10 | -0.50 | 0.92 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 106.935 | -0.615 | -0.57 | 8.9666 |
| Crude Oil, Brent ($/barrel) | 112.105 | 2.02 | 1.83 | 1.2052 |
| Gold ($/oz) | 1272.4 | -0.6 | -0.05 | 5.6607 |
| Silver ($/oz) | 19.5225 | -0.0125 | -0.06 | 0.5663 |
| Platinum ($/oz) | 1451.5 | -2.4 | -0.17 | 5.8074 |
| GBP/USD – US$ per £ | 1.6958 | – | 0.01 | 2.4532 |
| EUR/USD – US$ per € | 1.3557 | – | 0.04 | -1.4186 |
| GBP/EUR – € per £ | 1.251 | – | -0.01 | 3.7823 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 called to open -25pts at 6820 as equities remain under pressure with continued fears relating to Iraq, given the fresh political turmoil and fighting which has given the price of oil a boost (WTI and Brent bounced around $5 from recent lows), and hurt airlines, offsetting optimism in global growth recovery which took knock an additional knock yesterday after weak US Retail Sales.
Despite a flat close yesterday, the UK index remains in a 4-day downtrend, with overnight highs for futures of 6830, again failing to challenge the 6850 highs of yesterday. The UK Index has yet to make another test of its 6795-6880 range. Major peers showing a similar pattern with the DAX ad DJIA in 3-day downtrends, coming off their record highs as momentum drops following their strong run.
Even solid Chinese data providing signs of stabilisation hasn’t been enough to revive UK Index overnight sentiment with Fixed Asset Investment (ex-rural) and Industrial Production both in-line and Retail Sales surprising to the upside. However it has benefited Asian trading with the Nikkei almost 1% to the good and close to challenging recent highs after less weak Industrial Production and Hong Kong not far behind thanks to the China data. Australia bucking the trend with losses.
In the US, the S&P and DJIA made it a second and third day of consecutive losses, respectively, after traders were disappointed by Retail Sales data for May even if April’s growth was revised higher. After all that cold weather in Q1, expectations had been for a resumption of growth without any hindrance. Jobless claims were a touch worse than expected, Import prices showed less inflation than thought however, Business Inventories beat consensus.
Note Bank of England Governor Carney announcing last night (Mansion House speech), and potentially stealing Chancellor Osborne’s thunder after Vince Cable’s attempt earlier in the day, that interest rates could rise earlier than markets expect which benefited GBP.
In focus today will be the Spanish Consumer Price Inflation data at the market open with April’s read seen flat and the YoY figure confirmed just positive. In the afternoon, US Producer Price Inflation is seen slowing in May but accelerating over the year – both headline and core. The day closes with an update on US Consumer Confidence where the Uni of Michigan is expected to have moved back up just over point.
In commodities, Gold has made further progress thanks to renewed safehaven demand, getting as high as $1275 and its bounce from lows of $1240 continuing aided by a supportive trendline of rising lows from 5 Jun.
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See Live Macro calendar for full details
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