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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Randgold Resources Ltd | 4243 | 100.0 | 2.4 | 2.4 |
| Fresnillo PLC | 709.5 | 1.5 | 0.2 | 0.2 |
| easyJet PLC | 1737 | -3.0 | -0.2 | -0.2 |
| United Utilities Group PLC | 933 | -2.5 | -0.3 | -0.3 |
| Royal Dutch Shell PLC | 1538 | -5.0 | -0.3 | -0.3 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Anglo American PLC | 277.85 | -21.6 | -7.2 | -7.2 |
| Old Mutual PLC | 167.4 | -11.5 | -6.4 | -6.4 |
| Glencore PLC | 85.27 | -5.2 | -5.8 | -5.8 |
| Shire PLC | 4453 | -245.0 | -5.2 | -5.2 |
| Antofagasta PLC | 445.7 | -23.6 | -5.0 | -5.0 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,093.4 | -148.9 | -2.39 | -2.4 |
| UK | 17,122.2 | -307.6 | -1.76 | -1.8 |
| FR CAC 40 | 4,522.5 | -114.6 | -2.47 | -2.5 |
| DE DAX 30 | 10,283.4 | -459.6 | -4.28 | -4.3 |
| US DJ Industrial Average 30 | 17,149.0 | -276.0 | -1.58 | -1.6 |
| US Nasdaq Composite | 4,903.1 | -104.3 | -2.08 | -2.1 |
| US S&P 500 | 2,012.7 | -31.3 | -1.53 | -1.5 |
| JP Nikkei 225 | 18,374.0 | -77.0 | -0.42 | -3.5 |
| HK Hang Seng Index 48 | 21,184.3 | -142.8 | -0.67 | -3.3 |
| AU S&P/ASX 200 | 5,184.4 | -86.0 | -1.63 | -2.1 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, West Texas ($/barrel) | 34.83 | 0.07 | 0.95 | 1.3 |
| Crude Oil, Brent ($/barrel) | 37.28 | 0.36 | 0.98 | 2.7 |
| Gold ($/oz) | 1077.45 | 5.05 | 0.47 | 1.6 |
| Silver ($/oz) | 13.97 | 0.11 | 0.78 | 1.0 |
| GBP/USD – US$ per £ | 1.472 | – | 0.02 | -0.8 |
| EUR/USD – US$ per € | 1.083 | – | 0.04 | -0.6 |
| GBP/EUR – € per £ | 1.359 | – | -0.02 | -0.2 |
Click graph to enlarge
UK 100 Index called to open +50pts at 6145, having regained some composure after the toughest Jan start for 16 years saw it give up more ground from a 6-month ceiling of falling highs. Nonetheless, the bounce from circa 6100 maintains a trend of rising lows from mid-December and may offer bargain hunters an opportunity to pounce on hopes of a rebound towards 6450. Watch levels: Bullish 6170, Bearish 6130.
The positive opening call comes after Chinese regulators intervened in volatile equity markets after yesterday’s 7% sell-off triggered new circuit breakers. While state controlled funds bought stocks overnight, a 6-month selling ban for major institutions was also extended to stem declines and avoid a repeat of last August’s rout. The PBOC also injected the most cash since September.
Asia stocks slightly negative, stabilizing after yesterday’s new year downer but largely shrugging off Chinese intervention, acknowledging that intervention is forthcoming when required, but taking it as confirmation of the nation’s woes in the wake of poor manufacturing data and FX devaluation. This followed a late US rally which brought stocks off their worst levels. Japan’s Nikkei still hindered by a strong Yen near 2-month highs. Australia’s ASX held back by miners still on the back foot.
In focus today will be German Unemployment seen largely stable in December, while UK Construction PMI is expected to have improved. After German consumer inflation disappointed yesterday, it is highly probable that the Eurozone CPI print also misses expectations for a rebound. This afternoon, keep an eye out for me on TipTV around 1pm, looking at a handful of market charts.
In corporate world, note Next’s (NXT) christmas trading statement disappointing and US biotech name Baxalta (BXLT) relying on reports that Shire (SHP) is in advanced talks to buy it for $46.5-48 per share.
Gold is still attempting to breakout beyond 2-month falling highs around $1075 as it benefits from safe-haven demand amid market volatility and geopolitical risk. Oil holding its pull-back from recent supply disruption fuelled highs ahead of US stockpile data and after the USD strengthened on safehaven seeking. Copper rebounded.
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