This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
BP PLC (BP.L), Royal Dutch Shell (RDSb.L), Cairn Energy (CNE.L), Premier Oil (PMO.L), Tullow Oil (TLW.L) - Oil is facing strong pressure short-term as "potential buyers are firmly sitting on the fence" due to current steep contango, making it very costly and risky to go long, according to Ole Hansen, head of commodity strategy at Saxo Bank. Oil fell another 3% yesterday on supply issues and a lack of production cut certainty. Closing prices 456.70p, 2097.00p, 172.50p, 45.75p, 148.60p (Wall Street Journal)
Centamin (CEY.L), Hochschild Mining (HOC.L), Fresnillo PLC (FRES.L), Randgold Resources (RRS.L) - Gold prices have climbed as an easing the U.S. dollar flattened the U.S. safe-heaven assets such as Treasury yields to their lowest in nearly a decade. Closing prices 160.90p, 269.70p, 1548.00p, 6995.00p (Reuters)
Anglo American (AAL.L), Antofagasta (ANTO.L), BHP Billiton (BLT.L), Glencore (GLEN.L), Rio-Tinto (RIO.L), Vedanta Resources (VED.L) - Base metals rising overnight amid some easing of the dollar. The prospect of further Fed tightening and moderating Chinese demand is likely to limit gains. Closing prices 975.70p, 765.50p, 1140.50p, 281.45p, 3020.00p, 587.00p (Dow Jones Newswire)
Cairn Energy (CNE.L) – Which holds a 9.8% stake in Cairn India, may be put up for sale as part of tax recovery proceedings which started late last week. Closing price 5245.00p (Reuters)
Imagination Technologies (IMG.L) – Has put itself up for sale. Over the last few weeks it has received interest from a number of parties for a potential acquisition of the whole group, Closing Price 123.50p (Reuters)
For more information on any of these individual news items, call into the trading floor
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