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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Ashtead Group PLC | 1175 | 98.0 | 9.1 | 54.6 |
| Fresnillo PLC | 770 | 37.0 | 5.1 | 3.3 |
| Mondi PLC | 1077 | 30.0 | 2.9 | 3.0 |
| AstraZeneca PLC | 4683 | 121.5 | 2.7 | 31.0 |
| Shire PLC | 4429 | 94.0 | 2.2 | 55.3 |
| St James’s Place PLC | 815 | 16.5 | 2.1 | 12.0 |
| London Stock Exchange Group PLC | 2198 | 43.0 | 2.0 | 37.7 |
| Hargreaves Lansdown PLC | 949 | 16.5 | 1.8 | -29.9 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Petrofac Ltd | 717 | -25.0 | -3.4 | -41.4 |
| BG Group PLC | 872.4 | -26.4 | -2.9 | -32.8 |
| Tullow Oil PLC | 379.5 | -10.8 | -2.8 | -55.6 |
| Aggreko PLC | 1450 | -39.0 | -2.6 | -15.2 |
| Royal Dutch Shell PLC | 2098.5 | -56.0 | -2.6 | -8.0 |
| Sainsbury (J) PLC | 226.4 | -5.2 | -2.3 | -38.0 |
| BHP Billiton PLC | 1386.5 | -27.0 | -1.9 | -25.8 |
| GKN PLC | 335 | -6.5 | -1.9 | -10.3 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,500.0 | -29.4 | -0.45 | -3.7 |
| UK | 15,737.5 | 23.2 | 0.15 | -1.2 |
| FR CAC 40 | 4,227.9 | -36.0 | -0.84 | -1.6 |
| DE DAX 30 | 9,799.7 | 6.0 | 0.06 | 2.6 |
| US DJ Industrial Average 30 | 17,533.2 | -268.0 | -1.51 | 5.8 |
| US Nasdaq Composite 100 | 4,684.0 | -82.4 | -1.73 | 12.1 |
| US S&P 500 | 2,026.1 | -33.7 | -1.64 | 9.6 |
| JP Nikkei 225 | 17,257.4 | -155.2 | -0.89 | 5.9 |
| HK Hang Seng Index 48 | 23,271.4 | -253.2 | -1.08 | -0.2 |
| AU S&P/ASX 200 | 5,231.0 | -28.0 | -0.53 | -2.3 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 61.46 | 0.33 | 0.54 | -38.1 |
| Crude Oil, Brent ($/barrel) | 64.56 | 0.41 | 0.63 | -42.1 |
| Gold ($/oz) | 1223.95 | -6.25 | -0.51 | 2.1 |
| Silver ($/oz) | 17.10 | -0.02 | -0.09 | -11.9 |
| Platinum ($/oz) | 1246.50 | -1.80 | -0.14 | -9.3 |
| GBP/USD – US$ per £ | 1.571 | – | -0.23 | -4.8 |
| EUR/USD – US$ per € | 1.244 | – | -0.3 | -9.2 |
| GBP/EUR – € per £ | 1.263 | – | 0.07 | 4.7 |
Click graph to enlarge
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 Index called to open -15pts at 6485, having taken another leg down following the breach of the 50-day moving average and 6500 levels yesterday as global growth concerns came to a head. Watch for abandoned support becoming potential resistance for any recovery rally and the possibility for further retracement of Oct/Nov rally. Watch levels: Bullish 6510 and Bearish 6450
The negative opening call comes from a sharply lower close for US equities as global growth concerns continue to weigh, the price of Oil gave up yet more ground following another big rise in US Crude Stocks and Saudi Arabia’s Oil minister saying no planning to cut production (defend market share), weighing on both energy and oil majors. There was also an FT suggestion that ECB President Draghi does not have political cover for QE and so may have more work to do to convince sceptics.
Asian equities broadly lower following weak US finish and continuing slide in oil prices. While Japan’s Nikkei is underwater after a fall in machine orders and JPY strength/USD weakness hurting exporters, the region’s underperformer is Hong Kong given the democracy protester clearance and Greater China equities in the red after recent volatility and ratings agency Moody’s saying China 2014 GDP growth will be slightly below 7.5% and 2015 will slow to 7%.
Equities down-under outperforming despite a drop in Aussie Consumer Inflation expectations likely seeing rates stay low and mixed Employment data (Job adds up, participation up, but unemployment rate also up to highest since September 2002), potentially helped by continued hopes of Chinese stimulus given weak data from the world’s #2 economy of late, especially after benchmark money market rates dropped for the first time in four days amid speculation that the central bank PBOC intervened.
Other data this morning includes German Consumer Price Inflation for November was confirmed flat (better than negative) highlighting Eurozone pricing pressures as well as UK RICS House Price data showing a cooling in the UK market in November although this was before recent Stamp duty changes which could help prices in due course.
In focus today, we have final French Consumer Price Inflation (CPI) for November before the open which could show deflationary pressure and underscore the woes of the Eurozone data even if the German reading managed to be confirmed at flat. In the afternoon, US November Retail Sales will be eyed for consumer appetite and signals of economic health with growth seen accelerating for the headline but slowing ex-Autos. US Business Inventories are seen showing slightly slower growth in October.
In commodities, Gold holding above $1220 still in an uptrend from early month lows, but failing to catch an additional bid and get above $1240 after the equity sell-off and USD weakness as traders await data updates; inflation from Europe and Retail Sales/Jobless numbers from the US as well as the Fed’s meeting next week. Oil remains under the cosh, hurt by another big rise in US inventories and Saudi production comments taking prices to fresh 5yr lows with US Light Crude down to $61/barrel and Brent to $64/barrel.
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See Live Macro Calendar for full data line-up, incl. consensus expectations
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