Getting latest data loading
Home / Morning Report / 130814ou

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

Morning Report - 13 August 2014

UK 100 Leaders Close (p) Chg (p) % Chg % YTD
Sports Direct International PLC 682.5 20.5 3.1 3.4
Prudential PLC 1368.5 29.5 2.2 15.2
Associated British Foods PLC 2769 54.0 2.0 43.0
Smith & Nephew PLC 1023 14.0 1.4 30.8
Intertek Group PLC 2800 32.0 1.2 -11.6
BAE Systems PLC 433 4.4 1.0 -1.4
Reckitt Benckiser Group PLC 5135 50.0 1.0 11.6
Aviva PLC 500.5 4.6 0.9 25.4
UK 100 Laggards Close (p) Chg (p) % Chg % YTD
Hargreaves Lansdown PLC 1050 -31.0 -2.9 2.6
Mondi PLC 1009 -16.0 -1.6 -0.8
Petrofac Ltd 1092 -17.0 -1.5 -13.3
Johnson Matthey PLC 2960 -40.0 -1.3 6.3
Ashtead Group PLC 894.5 -12.0 -1.3 29.8
Tesco PLC 243.35 -3.0 -1.2 -34.1
Rexam PLC 500 -6.0 -1.2 -13.2
Royal Dutch Shell PLC 2495.5 -29.0 -1.2 15.5
Major World Indices Mid/Close Chg % Chg % YTD
UK UK 100 6,632.4 -0.4 -0.01 -1.7
UK 15,465.8 5.1 0.03 -2.9
FR CAC 40 4,162.2 -35.5 -0.85 -3.1
DE DAX 30 9,069.5 -111.3 -1.21 -5.1
US DJ Industrial Average 30 16,560.5 -9.5 -0.06 -0.1
US Nasdaq Composite 100 4,389.3 -12.1 -0.27 5.1
US S&P 500 1,933.8 -3.2 -0.16 4.6
JP Nikkei 225 15,192.5 31.2 0.21 -6.7
HK Hang Seng Index 48 24,653.7 -35.7 -0.14 5.8
AU S&P/ASX 200 5,508.4 -21.9 -0.40 2.9
Commodities & FX Mid/Close Chg % Chg % YTD
Crude Oil, US Light Sweet ($/barrel) 97.13 -0.13 -0.13 -1.5
Crude Oil, Brent ($/barrel) 102.53 -0.84 -0.81 -6.7
Gold ($/oz) 1310.15 0.15 0.01 8.7
Silver ($/oz) 20.00 0.07 0.34 2.6
Platinum ($/oz) 1470.50 -2.20 -0.15 7.0
GBP/USD – US$ per £ 1.680 -0.02 1.5
EUR/USD – US$ per € 1.337 0 -2.8
GBP/EUR – € per £ 1.257 -0.02 4.3
UK Index called to open -5pts at 6627

1 Week, 5 Min

Click graph to enlarge

Today's Main Events

  • 09:30     UK          Jobless Claims Change
  • 10:00     EU          Industrial Production
  • 12:00     US          MBA Mortgage Applications
  • 13:30     US          Retail Sales

 

See Live Macro Calendar for full data line-up, incl. consensus expectations

 

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

UK 100 called to open down 5pts at 6627, following a lacklustre session yesterday.

Traders were clearly undecided on 'where next' following last week's aggressive decline in equities and Monday's bounce.

There was a near even split in rising and falling stocks with 47 of the UK 100 stocks falling.

At the foot of the table was Hargreaves Lansdown (HL..L) down 2.87%. Swiss bank UBS prompted traders to dispose of the stock after issuing a 'Sell' note and a target price of 850p.

On a brighter note Prudential (PRU.L) attracted traders having reported a jump in first half profit thanks to operations in Asia and the United States. The company increased the interim dividend by 15%, in turn the shares closed higher by 2.20%.

At 10:30 today Bank of England Governor Mark Carney speaks and will deliver the latest quarterly inflation report. Traders will be looking for any indication of an interest rate rise, subsequently keep an eye on house builder stocks around this time.

US markets failed to excite for a second session, the Dow Jones fell just 9pts. The S&P 500 and NASDAQ registered equally uninspiring moves as indecision prevented buying or selling with any real conviction.

At 13:30 GMT monthly retail sales data will be released in the US and perhaps give the market a jump start.

In Asia economic data proved disappointing. Chinese factory output was recorded at 9% versus an expected figure of 9.2%. New local-currency loans of 385.2 billion Yuan were half of projections, while M2 money supply grew a less-than-anticipated 13.5 percent from a year earlier.

As a result the Shanghai Composite Index dropped 0.4 percent. Hong Kong’s benchmark Hang Seng Index fell 0.2 percent.

In Japan GDP data missed the estimated figure of 7% coming in at 6.8% showing the economy shrank the most since 2011.

In commodities, gold traded just below a three week low at $1309 as geopolitical tensions, and a stronger US dollar meant the safe haven was still in demand.

German investor confidence fell to the lowest since 2012, sending the euro to a nine-month low against the dollar.

WTI fell for a second day after an industry report showed crude and gasoline supplies expanded in the U.S., the world’s biggest oil user.

In focus today we have Euro-Zone Industrial Production released at 10:00am, and the BoE Inflation report at 10:30am.

This afternoon sees the US Retail Sales released at 13:30pm expected to show an increase for a sixth month.

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.

 

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

  • JP            GDP                                       Better
  • CH          Retail Sales                         Worse
  • CH          Industrial Production      Worse

See Live Macro Calendar for full data line-up, incl. consensus expectations

 

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

  • G4S first-half profit rises on emerging markets demand
  • Daisy Group says receives takeover approach
  • Michael Page sees 11 pct rise in H1 pretax profits
  • Glencore copper production rises 13 percent in H1
  • AstraZeneca reports positive results for gout combination therapy
  • Car dealer Lookers sees 2014 ahead after H1 profits jump
  • Car insurer Admiral names new CFO, posts 2 pct rise in profit
  • Russia's Evraz signs $425 mln syndicated loan
  • EnQuest earnings rise on higher oil production
  • Land Securities sells Bristol Partnership stake to Axa

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. 69% 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.
.