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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Tesco PLC | 182.6 | 5.9 | 3.3 | -46.6 |
| Anglo American PLC | 1375 | 27.0 | 2.0 | 5.7 |
| Royal Mail Group PLC | 395.6 | 3.5 | 0.9 | -31.8 |
| Rio Tinto PLC | 3020.5 | 23.5 | 0.8 | -5.6 |
| Aberdeen Asset Management PLC | 395.2 | 2.2 | 0.6 | -18.3 |
| Coca-Cola HBC AG | 1330 | 3.0 | 0.2 | -22.0 |
| Standard Chartered PLC | 1129.5 | 0.5 | 0.0 | -21.1 |
| Randgold Resources Ltd | 4152 | -1.0 | 0.0 | 3.4 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| International Consolidated Airlines Group SA | 345.6 | -25.7 | -6.9 | -5.3 |
| Carnival PLC | 2328 | -167.0 | -6.7 | 5.9 |
| easyJet PLC | 1389 | -78.0 | -5.3 | 0.2 |
| TUI Travel PLC | 382 | -15.3 | -3.9 | 2.8 |
| InterContinental Hotels Group PLC | 2244 | -85.0 | -3.7 | 18.5 |
| Ashtead Group PLC | 977 | -36.0 | -3.6 | 45.1 |
| Mondi PLC | 973 | -33.0 | -3.3 | 3.2 |
| Weir Group PLC | 2293 | -75.0 | -3.2 | 10.1 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,495.6 | -68.1 | -1.04 | -3.8 |
| UK | 15,099.2 | -177.8 | -1.16 | -5.2 |
| FR CAC 40 | 4,209.1 | -77.4 | -1.81 | -2.0 |
| DE DAX 30 | 9,086.2 | -123.3 | -1.34 | -4.9 |
| US DJ Industrial Average 30 | 16,719.4 | -272.5 | -1.60 | 0.9 |
| US Nasdaq Composite 100 | 4,385.2 | -69.6 | -1.56 | 5.0 |
| US S&P 500 | 1,935.1 | -29.7 | -1.51 | 4.7 |
| JP Nikkei 225 | 15,632.1 | -151.7 | -0.96 | -4.0 |
| HK Hang Seng Index 48 | 23,234.7 | -187.9 | -0.80 | -0.3 |
| AU S&P/ASX 200 | 5,241.3 | -42.9 | -0.81 | -2.1 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 87.79 | -0.81 | -0.91 | -10.2 |
| Crude Oil, Brent ($/barrel) | 90.96 | -0.60 | -0.65 | -17.4 |
| Gold ($/oz) | 1213.95 | 3.55 | 0.29 | 0.5 |
| Silver ($/oz) | 17.26 | 0.05 | 0.28 | -11.4 |
| Platinum ($/oz) | 1266.80 | 20.50 | 1.64 | -7.8 |
| GBP/USD – US$ per £ | 1.606 | – | -0.17 | -2.8 |
| EUR/USD – US$ per € | 1.263 | – | -0.28 | -7.9 |
| GBP/EUR – € per £ | 1.272 | – | 0.11 | 5.4 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
The UK 100 Index is called to open 35pts lower at 6470pts compounding yesterday's decline of 68pts.
The IMF (International Monetary Fund) cut its global growth forecast and warned of “frothy” equities amid signs of slowing growth in Europe causing traders to cash out of stocks across the board.
The IMF is now forecasting 3.3% growth this year, down from its forecast in July of 3.4%. Next year, it predicts 3.8% growth, against an earlier prediction of 4.0%.
The reductions reflect sharp downgrades to the outlook for the Eurozone, Russia, the Middle East and Japan. It remains positive on the UK and US outlook.
Only 7 companies on the UK 100 managed to finish the session in positive territory - Tesco (TSCO.L) the notable performer up 3.31%. Market chatter suggested the supermarket chain is working on selling assets in a bid to avoid a rights issue.
At the foot of the table, news of a recorded Ebola case in Madrid was affecting the travel and tourism stocks with International Consolidated Airlines (IAG.L) down 6.92% followed closely by cruise company Carnival (CCL.L) down 6.69%, EasyJet (EZJ.L) down 5.32%, First Choice and Thomson parent company TUI Travel (TT..L) down 3.85% and InterContinental Hotels Group (IHG.L) down 3.65%.
Be aware KLM Air France this morning issued another profit warning, this could impact UK listed airlines.
In US markets the selling was just as aggressive. The S&P 500 slumped 1.5% to an 8-week low, closing at 1,935pts. The Dow Jones lost 272pts, the biggest retreat since July. The run on global equities caused the VIX (The Chicago Board Options Exchange Volatility Index) to jump 13%.
Asian stocks picked up where Western trading left off. The Nikkei 225, Hang Seng and ASX 200 all declined around 1%.
In commodities, gold rose slightly to $1215 an ounce as equity markets continued to sell off, and Chinese buyers returned from a weeklong break. Morgan Stanley meanwhile listed gold and iron ore as its least preferred metals and predicted they would continue to extend losses into 2015 as the dollar strengthen and a global glut for raw materials. WTI extended declines from 17-month low trading at $87.40 a barrel with Brent also falling as low as $90.75. With the Fed minutes released at 19:00 keep an eye on the precious metals.
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See Live Macro Calendar for full data line-up, incl. consensus expectations
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