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| Yesterday’s UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| BP PLC | 578.2 | 9.6 | 1.69 | 16.58 |
| Royal Dutch Shell PLC | 2505 | 29.5 | 1.19 | 8.56 |
| Rio Tinto PLC | 4718 | 53.5 | 1.15 | 26.49 |
| Royal Dutch Shell PLC | 2522.5 | 25.5 | 1.02 | 7.8 |
| Yesterday’s UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| NMC Health PLC | 2417 | -109 | -4.32 | -11.66 |
| Just Eat PLC | 738.4 | -33 | -4.28 | 25.84 |
| Paddy Power Betfair PLC | 6128 | -142 | -2.26 | -4.25 |
| Melrose Industries PLC | 189 | -3.8 | -1.97 | 15.35 |
| WPP Group PLC | 853 | -16 | -1.84 | 0.76 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 7,451.9 | 5.0 | 0.1 | 10.8 |
| UK | 19,517.2 | -21.1 | -0.1 | 11.5 |
| FR CAC 40 | 5,471.8 | -4.4 | -0.1 | 15.7 |
| DE DAX 30 | 11,963.4 | -46.4 | -0.4 | 13.3 |
| US DJ Industrial Average 30 | 26,341.0 | -84.0 | -0.3 | 12.9 |
| US Nasdaq Composite | 7,953.9 | 15.2 | 0.2 | 19.9 |
| US S&P 500 | 2,895.8 | 3.0 | 0.1 | 15.5 |
| JP Nikkei 225 | 21,802.0 | 40.9 | 0.19 | 8.9 |
| HK Hang Seng Index 50 | 30,120.0 | 43.0 | -0.36 | 16.5 |
| AU S&P/ASX 200 | 6,221.0 | 0.5 | -0.83 | 10.2 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, West Texas Int. ($/barrel) | 64.40 | 0.43 | 0.67 | 41.75 |
| Crude Oil, Brent ($/barrel) | 70.98 | 0.12 | 0.17 | 31.05 |
| Gold ($/oz) | 1298.05 | -0.05 | 0.00 | 1.20 |
| Silver ($/oz) | 15.20 | 0.12 | 0.76 | -1.71 |
| GBP/USD – US$ per £ | 1.3075 | – | 0.11 | 2.54 |
| EUR/USD – US$ per € | 1.1264 | – | 0.07 | -1.8 |
| GBP/EUR – € per £ | 1.1609 | – | 0.04 | 4.4 |
Click graph to enlarge
UK 100 called to open down 14 at 7437, perhaps finding a top after the 7-day rally from 7200. The previous two sessions have demonstrates a struggle to break 7460. Bulls need a clear break above yesterday’s 7460 region to extend the 3-month rising channel towards 7560. Bears require a breach of 7370 for a fall back towards the channel floor at 7240 Watch levels: Bullish 7460, Bearish 7365
According to the British Retail Consortium, retail sales slowed throughout March, owing to a prolonged period of Brexit uncertainty. Total sales fell by 0.5% in the UK last month, compared with the previous March. However, these figures are slightly distorted by a later Easter in 2019.
European indices face a lacklustre open, with Washington threatening tariffs on some new imports from the EU. A new trade war on the horizon?
Asian stocks were flat overnight, with markets seeking the latest on U.S.-China trade.
Wall Street's major indices finished a little higher after reversing early losses. Manufacturing and airlines shares remained under pressure. Boeing declined 4.4% after announcing a production cut on its 737 MAX. General Electric lost 5.2% following a JPMorgan downgrade.
Standard Chartered are expected to pay around $1bn to appease UK and US regulators over alleged sanctions breaches. Regulators are expecting the bank to settle this morning, according to reports. (Reuters)
Debenhams rejected Mike Ashleys rescue plan only hours before it was due to fall into not the hands of lenders. He is still looking for a way to take control of Debenhams but is now on a strict deadline.
GSK two drug treatment for HIV infections won US market approval boosting the British drug makers growth prospects against competitor Gilead Sciences.
The chairman of British American Tobacco (BAT) is to leave his role in the coming months. The company becomes the latest UK 100 giant comply with City reforms inflicting time limits on directors' tenure. (Sky)
IMF meeting today at 2pm today as well as Retail sales and NFIB data from the States
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Prepared by Michael van Dulken, Head of Research