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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Reed Elsevier PLC | 980 | 41.0 | 4.4 | 9.0 |
| Carnival PLC | 2183 | 50.0 | 2.3 | -12.7 |
| International Consolidated Airlines Group SA | 342.9 | 7.6 | 2.3 | -14.6 |
| HSBC Holdings PLC | 621 | 13.7 | 2.3 | -6.3 |
| Barclays PLC | 214.5 | 3.6 | 1.7 | -21.1 |
| Mondi PLC | 1051 | 17.0 | 1.6 | 0.5 |
| Royal Bank of Scotland Group (The) PLC | 328.8 | 5.2 | 1.6 | -2.8 |
| Antofagasta PLC | 847 | 13.0 | 1.6 | 2.8 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Kingfisher PLC | 308.5 | -27.5 | -8.2 | -19.8 |
| easyJet PLC | 1333 | -70.0 | -5.0 | -13.2 |
| Petrofac Ltd | 1152 | -45.0 | -3.8 | -5.9 |
| Fresnillo PLC | 919 | -21.5 | -2.3 | 23.3 |
| Admiral Group PLC | 1507 | -33.0 | -2.1 | 15.0 |
| ARM Holdings PLC | 866 | -14.5 | -1.7 | -21.2 |
| Hammerson PLC | 605 | -10.0 | -1.6 | 20.5 |
| SSE PLC | 1480 | -18.0 | -1.2 | 8.0 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,821.5 | 23.3 | 0.34 | 1.1 |
| UK | 15,748.7 | 22.7 | 0.14 | -1.2 |
| FR CAC 40 | 4,410.7 | 34.3 | 0.78 | 2.7 |
| DE DAX 30 | 9,794.1 | 40.5 | 0.42 | 2.5 |
| US DJ Industrial Average 30 | 17,083.8 | -2.8 | -0.02 | 3.1 |
| US Nasdaq Composite 100 | 4,472.1 | -1.6 | -0.04 | 7.1 |
| US S&P 500 | 1,988.0 | 1.0 | 0.05 | 7.6 |
| JP Nikkei 225 | 15,449.4 | 165.0 | 1.08 | -5.2 |
| HK Hang Seng Index 48 | 24,133.9 | -7.7 | -0.03 | 3.5 |
| AU S&P/ASX 200 | 5,582.1 | -5.7 | -0.10 | 4.3 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 102.00 | -0.05 | -0.04 | 3.4 |
| Crude Oil, Brent ($/barrel) | 107.09 | -0.25 | -0.23 | -3.1 |
| Gold ($/oz) | 1292.15 | -1.05 | -0.08 | 7.3 |
| Silver ($/oz) | 20.47 | 0.09 | 0.43 | 4.9 |
| Platinum ($/oz) | 1473.10 | -11.70 | -0.79 | 7.2 |
| GBP/USD – US$ per £ | 1.699 | – | 0.02 | 2.7 |
| EUR/USD – US$ per € | 1.347 | – | 0.04 | -2.0 |
| GBP/EUR – € per £ | 1.262 | – | -0.02 | 4.7 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 called to open -15pts at 6800, after a volatile trading session that saw a 60pt range in the UK’s flagship index, that also saw their German counterparts with a range of over 135pts yesterday.
Kingfisher (KGF.L) was awarded the wooden spoon as the shares fell over 8%, the steepest decline since 2008 as they announced Q2 trading was worse than expected. They were closely followed by EazyJet (EZJ.L) who despite announcing annual profits would grow by 14%, missed targets with FY pretax numbers and was down by over 5%.
Reed Elsevier (REL.L) was top of the pile as they announced figures that beat the markets and was higher by 4.3%. Banking shares were also slightly higher ahead of reporting next week.
Earnings Watch:
Royal Bank of Scotland (RBS.L) announced an update ahead of schedule. Pretax profit for H1 £2,652m beating expectation’s, operating profit £1,318m, litigation issues may hit profits going forward, sees about £1.5bn restricting charge in 2014, FY credit impairment charge of around £1bn
Anglo American (AAL.L) said Q1 profits were down 10% to $2.9BN in-line with forecast having been hit by weaker commodity prices and the lengthy mining strike.
BskyB (BSY.L) said Q4 profits were down over 5% and they would be placing 156.1M shares to acquire Sky Italia and Sky Deutschland.
Vodafone (VOD.L) announced Q1 organic sales growth beat expectations at -4.2% vs estimate -4.4%.
US equity markets were flat down just 2pts at 17083 as traders looked for direction and impetus with the index just off all-time highs. Caterpillar led the fallers down over 3% following an update. Elsewhere on the Nasdaq, Facebook was the standout surging as much as 7% following figures that impressed the street. After hours futures slid over 50pts as the US accused the Russians of firing missiles across the border to attack Ukraine.
Asian markets had a mixed choppy session with the Nikkei and Shanghai Composite both gaining but ASX and Hang Seng slightly negative. With the geopolitical risk still in the air, traders were somewhat undecided to whether they wanted risk on or off ahead of the weekend.
In focus keep an eye on earnings watch. As seen yesterday this has the potential to cause huge swings in share prices. We have German IFO data released at 9am and UK GDP at 9:30am.
In commodities, gold headed for its second straight weekly decline trading at $1295 as improved outlook reduced demand for the safe haven. Traders though will be keeping a close eye on tensions in Russia and Israel as this could gold to bounce. WTI was on course for its third weekly decline this month amid concerns of reduced demand from the US, back at $102 a barrel.
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See Live Macro Calendar for full data line-up, incl. consensus expectations
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