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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Fresnillo PLC | 985 | 58.5 | 6.3 | 32.1 |
| Randgold Resources Ltd | 5155 | 150.0 | 3.0 | 36.0 |
| Hargreaves Lansdown PLC | 1033 | 25.0 | 2.5 | -23.7 |
| easyJet PLC | 1283 | 28.0 | 2.2 | -16.5 |
| Carnival PLC | 2135 | 45.0 | 2.2 | -14.6 |
| Antofagasta PLC | 822.5 | 11.0 | 1.4 | -0.2 |
| ARM Holdings PLC | 851.5 | 10.5 | 1.3 | -22.5 |
| Rio Tinto PLC | 3390.5 | 39.5 | 1.2 | -0.6 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Smith & Nephew PLC | 1020 | -44.0 | -4.1 | 18.5 |
| Shire PLC | 4680 | -196.0 | -4.0 | 64.1 |
| AstraZeneca PLC | 4190 | -155.5 | -3.6 | 17.2 |
| Standard Life PLC | 358.2 | -11.8 | -3.2 | -0.4 |
| ITV PLC | 202.1 | -4.9 | -2.4 | 4.2 |
| Tesco PLC | 245.55 | -5.6 | -2.2 | -26.6 |
| St James’s Place PLC | 712 | -15.5 | -2.1 | -2.2 |
| GlaxoSmithKline PLC | 1416 | -29.5 | -2.0 | -12.1 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,636.2 | -46.3 | -0.69 | -1.7 |
| UK | 15,262.7 | -89.2 | -0.58 | -4.2 |
| FR CAC 40 | 4,207.1 | -25.7 | -0.61 | -2.1 |
| DE DAX 30 | 9,130.0 | -59.7 | -0.65 | -4.4 |
| US DJ Industrial Average 30 | 16,443.3 | 13.8 | 0.08 | -0.8 |
| US Nasdaq Composite 100 | 4,355.1 | 2.2 | 0.05 | 4.3 |
| US S&P 500 | 1,920.2 | 0.0 | 0.00 | 3.9 |
| JP Nikkei 225 | 15,212.4 | 52.6 | 0.35 | -6.6 |
| HK Hang Seng Index 48 | 24,444.5 | -139.6 | -0.57 | 4.9 |
| AU S&P/ASX 200 | 5,508.7 | -3.3 | -0.06 | 2.9 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 97.01 | 0.06 | 0.06 | -1.8 |
| Crude Oil, Brent ($/barrel) | 104.74 | -0.18 | -0.17 | -5.3 |
| Gold ($/oz) | 1307.55 | 0.15 | 0.01 | 8.5 |
| Silver ($/oz) | 20.07 | 0.01 | 0.04 | 3.3 |
| Platinum ($/oz) | 1467.60 | 7.80 | 0.53 | 6.8 |
| GBP/USD – US$ per £ | 1.685 | – | -0.01 | 1.8 |
| EUR/USD – US$ per € | 1.339 | – | 0.06 | -2.7 |
| GBP/EUR – € per £ | 1.259 | – | -0.06 | 4.5 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 called to open +5pts at 6635, having recovered from its test below 6600, but having flat-lined since a flat US close and after a mixed session in Asia as investors continue to weigh up the risks of prolonged and worsening geopolitical tensions against a backdrop of very mixed macro data.
US stocks closed flat, but off their worst levels since May, thanks to a smaller trade deficit seeing brokers upgrade Q2 GDP forecasts and despite some M&A collapsing.
Asian gains muted by geopolitical uncertainty, mixed global fundamentals and uninspiring data out of Australia where jobs were lost, participation rose, but the unemployment rate spiked to a 12yr high signalling the economy remains weak. Knock-on from China slowdown?
After Russia threatened retaliatory sanctions, it has followed through on agricultural imports which may further impact a fragile Eurozone after yet more weak German data this morning in the form of industrial production (after Factory Orders slumped yesterday), and after Italy dropped back into recession.
In focus today we have the BoE and ECB rate decisions where no changes are expected but the latter’s monthly press conference will be used to grill president Draghi on last week’s poor Eurozone inflation readings, the aforementioned weak data and likely the impact of the standoff with Russia.
The UK Index is off its worst levels of 6585 after delivering the weakness we had flagged up, but as has happened repeatedly recently, resistance has built up again over the last 24 hours and we may find now a hurdle around 6460. Nothing goes up in a straight line and the same is true for any journey south. Watch for any weakness around 6600 again taking us to test yesterday’s lows, while any break above 6640 could take us back to 6700.
Gold has finally shown some signs of life and made it back up through $1300 thanks to the increased concern surrounding Ukraine and a potential invasion by Russia as well as the latters’ retaliatory sanctions against the West boosting demand for the safehaven. After testing $1310, we look for $1300 to revert to support.
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See Live Macro Calendar for full data line-up, incl. consensus expectations
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