Today's Main Events
- 07:00 DE Import Price Index
- 07:00 DE GFK Consumer Confidence
- 12:00 US MBA Mortgage Applications
See Live Macro Calendar for full data line-up, incl. consensus expectations
This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| International Consolidated Airlines Group SA | 358.1 | 12.1 | 3.5 | 16.2 |
| CRH PLC | 1420 | 41.0 | 3.0 | -1.4 |
| easyJet PLC | 1354 | 35.0 | 2.7 | 8.2 |
| Ashtead Group PLC | 973 | 23.0 | 2.4 | 55.6 |
| Morrison (Wm) Supermarkets PLC | 181.8 | 4.1 | 2.3 | -36.9 |
| G4S PLC | 271.2 | 5.8 | 2.2 | 9.8 |
| Associated British Foods PLC | 2871 | 59.0 | 2.1 | 51.7 |
| Rexam PLC | 499.3 | 10.2 | 2.1 | -10.9 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Antofagasta PLC | 798.5 | -9.5 | -1.2 | -14.1 |
| Reckitt Benckiser Group PLC | 5210 | -55.0 | -1.0 | 16.1 |
| Rio Tinto PLC | 3357.5 | -35.0 | -1.0 | 8.2 |
| Fresnillo PLC | 912.5 | -9.0 | -1.0 | -18.9 |
| Smith & Nephew PLC | 1050 | -8.0 | -0.8 | 34.5 |
| St James’s Place PLC | 740 | -5.0 | -0.7 | 19.8 |
| Pearson PLC | 1121 | -7.0 | -0.6 | -14.6 |
| Sage Group (The) PLC | 397 | -1.4 | -0.4 | 12.8 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,822.8 | 47.5 | 0.70 | 1.1 |
| UK | 15,998.0 | 116.9 | 0.74 | 0.4 |
| FR CAC 40 | 4,393.4 | 51.3 | 1.18 | 2.3 |
| DE DAX 30 | 9,588.2 | 78.0 | 0.82 | 0.4 |
| US DJ Industrial Average 30 | 17,106.7 | 29.8 | 0.17 | 3.2 |
| US Nasdaq Composite 100 | 4,570.6 | 13.3 | 0.29 | 9.4 |
| US S&P 500 | 2,000.0 | 2.1 | 0.11 | 8.2 |
| JP Nikkei 225 | 15,532.6 | 11.3 | 0.07 | -4.7 |
| HK Hang Seng Index 48 | 25,067.0 | -7.5 | -0.03 | 7.6 |
| AU S&P/ASX 200 | 5,648.6 | 11.0 | 0.19 | 5.5 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 93.79 | 0.31 | 0.33 | -5.0 |
| Crude Oil, Brent ($/barrel) | 102.81 | 0.13 | 0.12 | -7.2 |
| Gold ($/oz) | 1281.90 | 5.00 | 0.39 | 6.4 |
| Silver ($/oz) | 19.36 | 0.03 | 0.13 | -0.3 |
| Platinum ($/oz) | 1418.00 | -0.40 | -0.03 | 3.2 |
| GBP/USD – US$ per £ | 1.655 | – | -0.13 | 0.0 |
| EUR/USD – US$ per € | 1.317 | – | -0.12 | -4.2 |
| GBP/EUR – € per £ | 1.257 | – | -0.01 | 4.2 |
See Live Macro Calendar for full data line-up, incl. consensus expectations
The UK 100 Index is called to open lower by 12pts at 6813pts, having added 47pts since Friday's closing level.
International Consolidated Airlines (IAG.L) attracted traders for a number of reasons. The shares still have 30% to climb before reaching the 2014 high, combined with a declining oil price, broker upgrades and hope the Icelandic volcano eruption will become a non-event and you have an opportunity too tempting for some. Shares closed 3.50% higher.
An almost identical set of circumstances saw easyJet (EZJ.L) finish the day as the third highest climber up 2.65%.
AstraZeneca (AZN.L) and GlaxoSmithKline (GSK.L) continued to trade higher as the M&A rumour mill continued to turn. Shares added 1.12% and 1.26% respectively.
WPP (WPP.L) advanced 1.39% after reporting better-than- expected revenue.
Royal & Sun Alliance (RSA.L) climbed 1.58% after Bank of America Merrill Lynch recommended buying the stock.
Antofagasta (ANTO.L) fell 1.18% after posting a drop in profit.
BREAKING NEWS - London estate agent Foxtons (FOXT.L) reported a first half increase in revenue of 16% and an increase in profit of 57%.
UK 100 played catch-up after the Bank holiday on hope of Eurozone stimulus. Traders are hoping European Central Bank President Mario Draghi could soon begin quantitative easing.
U.S. Markets enjoyed another positive session. The Dow Jones hit a new record high of 17,153.80pts. So too the S&P 500, reaching 2,005pts before closing above 2,000pts for the very first time as geopolitical tensions showed signs of easing and traders took positions on hopes of stimulus measures being implemented in Europe.
The U.S. economy continued to show signs of strengthening as durable goods orders and consumer confidence data came in stronger than expected.
Asian markets embraced the equity moves in Europe and the U.S. with gains recorded in Japan, China, India and Australia.
In commodities, gold held below the $1300 handle, trading at $1282 as investors continued to weigh a strengthening US economy and dollar against signs of easing tensions worldwide. With US equity markets hitting fresh highs yesterday this dampened demand for it safe haven appeal. Looking back at historic figures gold typically tends to have its best performance in September, averaging 3% gain over the past 20 years.
WTI bounced slightly nearing a three-day high at $93.93 a barrel ahead of crude data later today.
In FX, the dollar climbed to its highest level in almost a year against the euro on speculation that the Fed would increase rates early next year and that the ECB would add stimulus.
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See Live Macro Calendar for full data line-up, incl. consensus expectations
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