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 |
| Shire PLC | 5680 | 260.0 | 4.8 | 25.3 |
| Randgold Resources Ltd | 4880 | 134.0 | 2.8 | 11.4 |
| Reckitt Benckiser Group PLC | 6116 | 115.0 | 1.9 | 17.4 |
| British American Tobacco PLC | 3716 | 85.0 | 2.3 | 6.2 |
| Imperial Tobacco Group PLC | 3282 | 85.0 | 2.7 | 15.7 |
| Schroders PLC | 3405 | 57.0 | 1.7 | 26.8 |
| Carnival PLC | 3370 | 31.0 | 0.9 | 15.5 |
| InterContinental Hotels Group PLC | 2768 | 31.0 | 1.1 | 6.7 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Rio Tinto PLC | 2837 | -15.5 | -0.5 | -5.4 |
| CRH PLC | 1797 | -12.0 | -0.7 | 16.4 |
| AstraZeneca PLC | 4753 | -11.5 | -0.2 | 4.3 |
| Kingfisher PLC | 364 | -3.1 | -0.8 | 6.9 |
| Anglo American PLC | 1022 | -2.0 | -0.2 | -14.9 |
| Barclays PLC | 257.05 | -0.9 | -0.4 | 5.6 |
| Royal Mail Group PLC | 450 | -0.4 | -0.1 | 4.7 |
| Lloyds Banking Group PLC | 79.3 | -0.4 | -0.5 | 4.6 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 7,089.8 | 74.4 | 1.06 | 8.0 |
| UK | 17,875.0 | 159.6 | 0.90 | 11.1 |
| FR CAC 40 | 5,240.5 | 31.5 | 0.60 | 22.6 |
| DE DAX 30 | 12,374.7 | 208.3 | 1.71 | 26.2 |
| US DJ Industrial Average 30 | 18,057.7 | 99.0 | 0.55 | 1.3 |
| US Nasdaq Composite 100 | 4,996.0 | 21.4 | 0.43 | 5.5 |
| US S&P 500 | 2,102.1 | 10.9 | 0.52 | 2.1 |
| JP Nikkei 225 | 19,907.7 | 0.0 | 0.00 | 14.1 |
| HK Hang Seng Index 48 | 27,592.8 | 320.4 | 1.17 | 16.9 |
| AU S&P/ASX 200 | 5,963.4 | -5.0 | -0.08 | 10.2 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 51.79 | 0.02 | 0.03 | -3.6 |
| Crude Oil, Brent ($/barrel) | 57.91 | 0.37 | 0.64 | -0.1 |
| Gold ($/oz) | 1203.55 | -4.25 | -0.35 | 2.1 |
| Silver ($/oz) | 16.36 | -0.12 | -0.74 | 5.1 |
| Platinum ($/oz) | 1168.20 | -5.90 | -0.5 | -2.9 |
| GBP/USD – US$ per £ | 1.458 | – | -0.37 | -6.1 |
| EUR/USD – US$ per € | 1.059 | – | -0.14 | -12.4 |
| GBP/EUR – € per £ | 1.377 | – | -0.23 | 7.2 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 called to open flat at 7074 after making new record highs north of 7100 over the weekend. Updated watch levels: Bullish 7090, bearish 7050.
The flat open comes after the UK Index joined the DAX in making new all-time highs at the back end of last week, with surprisingly disappointing economic data from China, notably a 95% decline in its trade balance, weighing on global indices into Monday. In Europe, rating agency S&P gave Spain a BBB rating with a stable outlook, and France an AA rating with a negative outlook.
US stocks closed in positive territory on Friday as General Electric agreed to sell the bulk of finance business GE Capital while treasuries finished mixed. The Fed’s Kocherlakota spoke, reiterating his view that a rate rise should be kept on hold until the second half of 2016.
Asian Bourses are up this morning after the dire data from China again led investors to express confidence that monetary easing is imminent in the slowing economy. Australia felt the effects of the Chinese slowdown as the AUD/USD hit a fresh session low. The Bank of Japan released their minutes overnight with consensus remaining that the fragile economy is recovering slowly and that easing should continue until 2% inflation is reached.
In focus today we have Industrial Production from Italy in what is a quiet day for data.
US Light crude ($51) and Brent ($58) are up, but not by much, after posting more impressive gains last week amid a fall in the number of active drilling rigs to the lowest number since 2010. Confidence is low on a further rally, however, as US stockpiles continue to grow and Saudi Arabia shows no signs of cutting output. Sluggish economic growth in Europe is also expected to affect prices due to low demand in the region.
Gold ($1204) remained steady above $1200 in Asian trade Monday after short coverings by traders bolstered the price late Friday. Poor data from China, a massive gold market, and poor weather in India having an impact on rural incomes are expected to weigh on the price through a seasonal lack of demand for the time being. All eyes will be on further macro releases from the world’s #2 economy this week.
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.
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