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Morning Report - 14 August 2014

UK 100 Leaders Close (p) Chg (p) % Chg % YTD
G4S PLC 273.5 13.7 5.3 18.4
Coca-Cola HBC AG 1328 40.0 3.1 -30.1
Barratt Developments PLC 350.8 9.6 2.8 -0.1
Prudential PLC 1404 35.5 2.6 18.2
easyJet PLC 1290 32.0 2.5 -6.7
Morrison (Wm) Supermarkets PLC 169 3.5 2.1 -41.4
Land Securities Group PLC 1066 22.0 2.1 15.6
Vodafone Group PLC 197.2 3.7 1.9 -19.6
UK 100 Laggards Close (p) Chg (p) % Chg % YTD
Admiral Group PLC 1371 -79.0 -5.5 9.4
Rio Tinto PLC 3423.5 -91.5 -2.6 13.5
Glencore Xstrata PLC 365.5 -9.5 -2.5 30.4
BT Group PLC 368.6 -6.1 -1.6 12.9
Antofagasta PLC 809 -12.5 -1.5 -7.7
IMI PLC 1346 -20.0 -1.5 -17.9
Pearson PLC 1105 -16.0 -1.4 -16.5
Diageo PLC 1717 -21.5 -1.2 -18.6
Major World Indices Mid/Close Chg % Chg % YTD
UK UK 100 6,656.7 24.3 0.37 -1.4
UK 15,527.5 61.7 0.40 -2.6
FR CAC 40 4,194.8 32.6 0.78 -2.4
DE DAX 30 9,198.9 129.4 1.43 -3.7
US DJ Industrial Average 30 16,651.8 91.3 0.55 0.5
US Nasdaq Composite 100 4,434.1 44.9 1.02 6.2
US S&P 500 1,946.7 13.0 0.67 5.3
JP Nikkei 225 15,322.9 109.3 0.72 -5.9
HK Hang Seng Index 48 24,956.9 66.6 0.27 7.1
AU S&P/ASX 200 5,553.4 38.7 0.70 3.8
Commodities & FX Mid/Close Chg % Chg % YTD
Crude Oil, US Light Sweet ($/barrel) 97.30 -0.10 -0.1 -1.3
Crude Oil, Brent ($/barrel) 104.55 1.46 1.42 -6.9
Gold ($/oz) 1312.45 -0.45 -0.03 9.0
Silver ($/oz) 19.83 -0.01 -0.06 2.2
Platinum ($/oz) 1470.50 0 0 7.0
GBP/USD – US$ per £ 1.668 -0.03 0.8
EUR/USD – US$ per € 1.336 -0.04 -2.8
GBP/EUR – € per £ 1.249 0.02 3.6
UK Index called to open -20pts at 6643

1 Week, 5 Min

Click graph to enlarge

Today's Main Events

  • 10:00    EU          CPI
  • 10:00    EU          GDP
  • 13:30     US          Initial Jobless Claims
  • 13:30     US          Import Price Index
  • 13:30     US          Export Price Index

 

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 20pts at 6642, after a buoyant session in UK equities yesterday.

Breaking News this morning - French and German GDP data miss estimates. CAC and DAX are also set to open lower.

The UK 100 Index gained 24pts yesterday led by house builder stocks, recovery plays and corporate earnings.

G4S (GFS.L) claimed top spot, shares finished up 5.27% after reporting first half profits ahead of analysts' expectations on emerging markets operations.

House builders cheered Bank of England Governor, Mark Carney's inflation report which detailed the two year inflation prediction at 1.8% narrowing the scope for interest rate rises. Traders added to house builder stocks on the assumption 'cheap money' will remain for some time yet. Barratt Developments (BDEV.L) closed higher by 2.81% and Persimmon (PSN.L) by 1.57%.

The recovery in airline shares continued, EasyJet (EZJ.L) shares closed at 1290p, up 2.54% and International Consolidated Airlines (IAG.L) rose by 0.40%.

Shares in Admiral Group (ADM.L) endured a sorry session as traders dropped the stock on its latest trading update. First half profit increased by a mere 2% while CEO Henry Engelhardt said there was no evidence of a return to premium growth. Shares fell by 5.45%.

Rio Tinto (RIO.L) and BT Group (BT.A.L) were among the notable decliners down 2.60% and 1.63% having gone ex-dividend.

Disappointing economic news led to a rise in US equities yesterday. The Dow Jones added 91pts as Retail Sales data showed a slowdown in consumer spending but prompted the assumption the Federal Reserve won't raise interest rates earlier than expected.

In turn the MSCI Asia Pacific Index gained for a fourth consecutive session, the ASX 200 and Nikkei 225 posting the most impressive gains, up some 0.6%.

In commodities, US Light Crude fell to $97 as the EIA (Energy Information Administration) released a report detailing a rise in oil stockpiles for the first time since June.

Gold traded little changed below a three-week high at $1312, as investors gauged the health of the US economy and tensions persisted in Ukraine and the Middle East.

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)

  • UK          RICS House Price Balance             Worse
  • JP            Machine Orders                                Worse

 

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

 

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

  • Cineworld says revenue for 26 week period rose to 268.6 mln stg
  • TUI AG says very confident for year as Q3 profit jumps
  • Carillion's first-half profit rises 3 pct, expectations unchanged
  • Micro Focus Intl to return 60 pence a share to investors
  • UTV Media extends tie up with Premier League until 2019

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