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| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Anglo American PLC | 638.7 | 53.6 | 9.2 | 113.3 |
| Standard Chartered PLC | 470.7 | 22.8 | 5.1 | -16.5 |
| Glencore PLC | 148.55 | 7.1 | 5.0 | 64.2 |
| BHP Billiton PLC | 808.6 | 30.4 | 3.9 | 6.4 |
| Fresnillo PLC | 992 | 31.0 | 3.2 | 40.1 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Ashtead Group PLC | 817 | -25.0 | -3.0 | -27.0 |
| Whitbread PLC | 3742 | -90.0 | -2.4 | -15.0 |
| Persimmon PLC | 1960 | -35.0 | -1.8 | -3.3 |
| Sainsbury (J) PLC | 285.8 | -5.1 | -1.8 | 10.4 |
| Intu Properties PLC | 311.8 | -5.4 | -1.7 | -1.7 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,242.4 | 42.3 | 0.68 | 0.0 |
| UK | 16,795.3 | 16.5 | 0.10 | -3.6 |
| FR CAC 40 | 4,345.9 | 33.3 | 0.77 | -6.3 |
| DE DAX 30 | 9,761.5 | 78.5 | 0.81 | -9.1 |
| US DJ Industrial Average 30 | 17,721.3 | 164.8 | 0.94 | 1.7 |
| US Nasdaq Composite | 4,872.1 | 38.7 | 0.80 | -2.7 |
| US S&P 500 | 2,061.7 | 19.7 | 0.97 | 0.9 |
| JP Nikkei 225 | 16,376.7 | 447.9 | 2.81 | -14.0 |
| HK Hang Seng Index 48 | 21,006.7 | 502.3 | 2.45 | -4.1 |
| AU S&P/ASX 200 | 5,045.9 | 70.3 | 1.41 | -4.7 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, West Texas Int. ($/barrel) | 41.57 | -0.03 | -0.06 | 12.1 |
| Crude Oil, Brent ($/barrel) | 44.17 | -0.12 | -0.26 | 17.5 |
| Gold ($/oz) | 1251.50 | -4.60 | -0.37 | 18.0 |
| Silver ($/oz) | 16.09 | -0.07 | -0.42 | 16.4 |
| GBP/USD – US$ per £ | 1.42 | – | -0.13 | -3.3 |
| EUR/USD – US$ per € | 1.14 | – | -0.22 | 4.6 |
| GBP/EUR – € per £ | 1.25 | – | 0.1 | -7.5 |
Click graph to enlarge
UK 100 Index called to open +60pts at 6300 having broken out of its 2 month sideways range and made fresh YTD highs. MACD has made a bullish cross while the RSI is still not overbought, thus Bulls will be looking for momentum to take the index on to 6300 and above. Bears/contrarians hope for the strong overnight rally to lose steam in early trading. Watch levels: Bullish 6320, Bearish 6200.
The positive opening call comes on the back of a strong Asian session that saw markets buoyed by Chinese macro data and the continuing oil price rally. March Chinese exports went up by 11.5%, the most in a year and an impressive recovery from February’s 25% slump. That’s sure to indicate that China’s still making stuff, so should be a good thing for companies that produce materials - like miners.
US bourses also had a good day, tracking the oil price higher and benefitting from a re-affirmation of its credit rating (AAA, outlook stable) and some kind words from rating agency Fitch, which also said it expects just 2 rate hikes this year. Good humour all round from Fed officials, and the fact that Russia and Saudi Arabia are doing their special dance (talking impossible production freezes ex-Iran & Libya) ahead of this doha meeting on Sunday, means that upward pressures are likely to remain this week.
Oil prices themselves are supported by Russian/Saudi rhetoric, while markets will have to wait until Sunday for confirmation. Until then, confidence remains high. Brent currently at $43, US Crude at $41.
Gold is selling back, given the risk-on sentiment pervading markets this morning and also hampered by a USD Basket bounce as the US economy gets a good bill of health from Fed officials and Fitch. Currently $1247.
On the Macro front today we’ve got inflation data from Spain and industrial production from the Eurozone. This afternoon sees US retail sales seen improving in March.
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