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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Randgold Resources Ltd | 4255 | 233.0 | 5.8 | 10.2 |
| Fresnillo PLC | 684.5 | 36.5 | 5.6 | 5.8 |
| Anglo American PLC | 740.5 | 31.1 | 4.4 | -8.7 |
| Admiral Group PLC | 1587 | 65.0 | 4.3 | 7.2 |
| Antofagasta PLC | 571.5 | 19.5 | 3.5 | 0.8 |
| Glencore PLC | 162.85 | 3.9 | 2.5 | -21.7 |
| BHP Billiton PLC | 1092.5 | 21.0 | 2.0 | -7.6 |
| Rio Tinto PLC | 2361 | 38.0 | 1.6 | -5.1 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Mondi PLC | 1488 | -46.0 | -3.0 | -3.4 |
| Prudential PLC | 1472 | -42.5 | -2.8 | -2.4 |
| Taylor Wimpey PLC | 198.5 | -5.5 | -2.7 | 2.1 |
| Carnival PLC | 3358 | -92.0 | -2.7 | -5.5 |
| Hargreaves Lansdown PLC | 1131 | -25.0 | -2.2 | -5.6 |
| Sage Group (The) PLC | 509 | -11.0 | -2.1 | -2.3 |
| British American Tobacco PLC | 3582.5 | -74.5 | -2.0 | -5.8 |
| SABMiller PLC | 3156.5 | -65.0 | -2.0 | -6.2 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,367.9 | -35.6 | -0.56 | -3.0 |
| UK | 17,239.4 | -159.2 | -0.91 | 7.2 |
| FR CAC 40 | 4,783.6 | -100.6 | -2.06 | 12.0 |
| DE DAX 30 | 10,432.2 | -250.0 | -2.34 | 6.4 |
| US DJ Industrial Average 30 | 16,990.8 | -358.0 | -2.06 | -4.7 |
| US Nasdaq Composite 100 | 4,877.5 | -141.6 | -2.82 | 3.0 |
| US S&P 500 | 2,035.7 | -43.9 | -2.11 | -1.1 |
| JP Nikkei 225 | 19,494.0 | -539.5 | -2.69 | 11.7 |
| HK Hang Seng Index 48 | 22,233.0 | -524.5 | -2.30 | -5.8 |
| AU S&P/ASX 200 | 5,207.8 | -80.8 | -1.53 | -3.8 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 41.04 | -0.08 | -0.19 | -23.6 |
| Crude Oil, Brent ($/barrel) | 46.02 | -1.13 | -2.39 | -20.1 |
| Gold ($/oz) | 1164.05 | 8.65 | 0.75 | -1.6 |
| Silver ($/oz) | 15.59 | 0.07 | 0.47 | -0.6 |
| GBP/USD – US$ per £ | 1.570 | 0.00 | 0.05 | 0.8 |
| EUR/USD – US$ per € | 1.128 | 0.00 | 0.44 | -6.7 |
| GBP/EUR – € per £ | 1.391 | 0.00 | -0.38 | 8.0 |
Click graph to enlarge
UK 100 called to open -100pts at 6270 with a brief pause here before further losses have potential to take the index down another 100pts towards Oct 2014 lows 6100. Bulls looking to a ‘buy it, it’s cheap’ bounce while Bears will want to keep riding the trend all the way to profit taking time 6100. Watch levels: Bullish 6370, Bearish 6100.
The really rather negative opening call comes amid further deterioration of the Chinese growth outlook (dire manufacturing data overnight) and political turmoil in Greece that continues to hamper investor sentiment. Greek PM Tsipras officially resigned last night, with snap elections slated for 20 Sept and endorsed by the EU. The good news is that the ECB confirmed it had received the latest colossal debt repayment from Athens overnight. Phew!
Stateside, the Dow Jones hit YTD lows with sectors that have outperformed thus far in 2015 taking an absolute pounding as the outlook for emerging markets, not to mention the globe, tumbled. Investors struggling in recent sessions with a plunge in commodity markets, upheaval in global currency markets and a growing sense that the Federal Reserve may change the way it assesses the economy's readiness for a rate hike.
Asian stocks firmly in the red after China’s manufacturing data came out at a 6 year low and a 6th straight month of contraction. Markets choosing to believe the bad data while being suitably sceptical about the good is not boding well for China! An exchange of artillery fire between North and South Korea adding to regional worries.
Gold ($1159) benefitting from sheer desperation as a safe haven, with the USD presumably being tarred with a similar brush to that which has painted Asia-Pacific currencies recently (i.e. the Chinese Yuan, Malaysian Ringitt, Vietnamese Dong, Kazakhstani Tenge...). Off its highs this morning with more profit taking by jubilant Goldbugs, but likely to keep moving up. These drivers won't go away any time soon.
Crude prices still holding above the psyche level $40 with a perceived dearth of demand from China and general global oversupply showing no signs of abating. Any drop below $40, however, is likely to be technically driven (rather than macro- driven) and short lived. Brent currently at $46, US Light $40.
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