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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Coca-Cola HBC AG | 1681 | 110.0 | 7.0 | 16.1 |
| TUI AG | 1041 | 29.0 | 2.9 | -14.0 |
| Intertek Group PLC | 3663 | 96.0 | 2.7 | 31.9 |
| British American Tobacco PLC | 4985 | 126.5 | 2.6 | 32.2 |
| Unilever PLC | 3641.5 | 88.0 | 2.5 | 24.4 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Direct Line Insurance Group PLC | 377 | -16.0 | -4.1 | -7.5 |
| Old Mutual PLC | 216.9 | -8.6 | -3.8 | 21.2 |
| Berkeley Group Holdings (The) PLC | 2515 | -98.0 | -3.8 | -31.8 |
| BT Group PLC | 399.3 | -9.1 | -2.2 | -15.4 |
| Travis Perkins PLC | 1526 | -34.0 | -2.2 | -22.7 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,914.7 | 48.3 | 0.70 | 10.8 |
| UK | 17,807.6 | 107.9 | 0.61 | 2.2 |
| FR CAC 40 | 18,613.5 | 117.8 | 0.64 | 6.8 |
| DE DAX 30 | 2,185.8 | 10.3 | 0.47 | 6.9 |
| US DJ Industrial Average 30 | 19,732.0 | 383.0 | 1.98 | 34.6 |
| US Nasdaq Composite | 19,255.5 | 398.0 | 2.11 | 37.8 |
| US S&P 500 | 10,923.0 | -28.0 | -0.26 | 4.2 |
| JP Nikkei 225 | 16,917.0 | 181.9 | 1.09 | 59.5 |
| HK Hang Seng Index 50 | 22,789.5 | 209.0 | 0.93 | 113.1 |
| AU S&P/ASX 200 | 5,520.0 | 12.0 | 0.22 | -49.6 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, West Texas Int. ($/barrel) | 145.70 | 1.18 | 0.81 | 0.0 |
| Crude Oil, Brent ($/barrel) | 162.17 | 2.55 | 1.6 | 30.9 |
| Gold ($/oz) | 206.38 | 5.55 | 2.76 | 44.2 |
| Silver ($/oz) | 238.39 | 7.00 | 3.02 | 0.0 |
| GBP/USD – US$ per £ | 25057.50 | – | 3.22 | 56.5 |
| EUR/USD – US$ per € | 16746.00 | – | 1.65 | 35.0 |
| GBP/EUR – € per £ | 15157.50 | – | 0.52 | 20.4 |
Click graph to enlarge
UK 100 Index called to open -10pts at 6905 after breaking out above 6900 and rallying into the close yesterday. An overbought RSI could engineer a slight pullback at the open which might see a test of 6900 as support, but a bullish finish indicates traders were confident enough to hold positions overnight. Bulls will therefore seek another up day with 7000 their target, while bears will wait for the index to pull back below the 20-day moving average before going short. Bullish 6920, Bearish 6740.
The slightly negative opening call comes as Asian markets appear to shrug off a poor set of data out of China - Industrial Production and Retail Sales grew less than expected - with expectations that the PBoC will apply some of the very much in vogue economic stimulus in due course. Keep an eye on Burberry shares as well as the UK Index miners off the back of this.
US markets closed in the green with all major indices posting fresh record highs. Strong performances in the energy sector after (surprise surprise) the Saudi oil minister blew some hot air about an upcoming meeting at which delegates would discuss ‘stabilising prices.’ The retail sector also outperformed on impressive corporate earnings from Macy’s and Kohl’s. Note the potential for a read across to UK energy names like BP and Royal Dutch Shell, as well as retailers like Marks & Spencer and Next today.
Crude prices are off their overnight highs after rallying hard when the Saudi energy minister said OPEC and non-OPEC producers could discuss a possible output freeze at next month’s meeting. Whatever mate.
Gold has found support at the rising lows it was heading for yesterday. However it is now below all its major hourly moving averages and in a new narrowing range. A break back above $1341 would please bulls looking for a leg up to $1350 while traders will keep one eye on the USD Basket, which is also near support in a rising channel.
Looking ahead today we’ve got a full offering of macro data including UK construction output, Eurozone industrial production & GDP and US retail sales & inflation.
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