Today's Main Events
- 13:30 US Durable Goods Orders
- 14:00 US House Price Purchase Index
- 15:00 UK Consumer Confidence Index
See Live Macro Calendar for full data line-up, incl. consensus expectations
This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Royal Mail Group PLC | 449.8 | 9.5 | 2.2 | 0.0 |
| Hargreaves Lansdown PLC | 1154 | 21.0 | 1.9 | 14.1 |
| Vodafone Group PLC | 205.85 | 3.3 | 1.6 | -14.3 |
| Lloyds Banking Group PLC | 76.25 | 1.0 | 1.3 | 1.6 |
| London Stock Exchange Group PLC | 2029 | 24.0 | 1.2 | 30.3 |
| ARM Holdings PLC | 952 | 11.0 | 1.2 | 8.9 |
| Travis Perkins PLC | 1740 | 20.0 | 1.2 | 12.0 |
| Reckitt Benckiser Group PLC | 5265 | 60.0 | 1.2 | 17.3 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Fresnillo PLC | 921.5 | -16.5 | -1.8 | -18.1 |
| CRH PLC | 1379 | -22.0 | -1.6 | -4.2 |
| SSE PLC | 1497 | -23.0 | -1.5 | -3.2 |
| Rolls-Royce Group PLC | 1022 | -15.0 | -1.5 | -9.0 |
| BHP Billiton PLC | 1944 | -27.0 | -1.4 | -1.6 |
| Rio Tinto PLC | 3392.5 | -40.5 | -1.2 | 9.3 |
| Mondi PLC | 1007 | -11.0 | -1.1 | -1.4 |
| Anglo American PLC | 1556.5 | -17.0 | -1.1 | 4.1 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,775.3 | -2.4 | -0.04 | 0.4 |
| UK | 15,881.0 | 42.5 | 0.27 | -0.3 |
| FR CAC 40 | 4,342.1 | 89.3 | 2.10 | 1.1 |
| DE DAX 30 | 9,510.1 | 171.0 | 1.83 | -0.4 |
| US DJ Industrial Average 30 | 17,077.0 | 75.7 | 0.45 | 3.0 |
| US Nasdaq Composite 100 | 4,557.4 | 18.8 | 0.41 | 9.1 |
| US S&P 500 | 1,997.9 | 9.5 | 0.48 | 8.1 |
| JP Nikkei 225 | 15,525.5 | -87.7 | -0.56 | -4.7 |
| HK Hang Seng Index 48 | 25,113.5 | -53.5 | -0.21 | 7.8 |
| AU S&P/ASX 200 | 5,636.2 | 1.3 | 0.02 | 5.3 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 93.64 | 0.16 | 0.17 | -5.3 |
| Crude Oil, Brent ($/barrel) | 102.79 | 0.56 | 0.54 | -7.7 |
| Gold ($/oz) | 1283.05 | 6.15 | 0.48 | 6.0 |
| Silver ($/oz) | 19.42 | 0.09 | 0.45 | -0.5 |
| Platinum ($/oz) | 1418.40 | -3.90 | -0.27 | 3.2 |
| GBP/USD – US$ per £ | 1.659 | – | 0.1 | 0.1 |
| EUR/USD – US$ per € | 1.320 | – | 0.11 | -4.1 |
| GBP/EUR – € per £ | 1.257 | – | -0.01 | 4.2 |
See Live Macro Calendar for full data line-up, incl. consensus expectations
UK 100 Index is called to open lower by 3pts at 6815, having closed unchanged on Friday and enjoyed a day off yesterday.
Friday's session was somewhat subdued as traders refrained from transacting ahead of the Jackson Hole Economic Symposium with Federal Reserve Chairwoman, Janet Yellen speaking late in the day followed by European Central Bank President, Mario Draghi.
The Symposium proceedings are closely followed by market participants, as unexpected remarks emanating from central bankers and finance ministers have the potential to affect global stock and currency markets. That said Janet Yellen was somewhat non-committal saying the Fed might raise rates soon but then again might not, depending on economic health the Fed would remain "accommodative".
UK 100 stocks failed to deviate more than 2% from their starting prices on Friday.
Vodafone (VOD.L) shares rose 1.60% after the Daily Mail financial pages covered a story suggesting U.S. peer AT&T could be preparing an offer of over 300p per share. Shares closed at 205.85p.
Lloyds Banking Group (LLOY.L) and Barclays (BARC.L) continued inching forward as traders looked for discounted stocks. From their highest levels in 2014, Lloyds shares had fallen 20% while Barclays shares had fallen over 30%. Since then shares have increased 7.5% and 11% respectively in just the last six weeks.
Fresnillo (FRES.L) was again among the worst performers, down 1.76% as the price of gold struggled to recover from its sub-$1300 level of $1280.
U.S. stocks welcomed Yellen's comments at the Economic Symposium in Jackson Hole, interpreted as 'if the economy is in good shape, normalisation of monetary policy will return, but if required, support is here'.
The Dow Jones added 75pts to close at 17,076pts while the S&P 500 topped 2,000pts for the first time before finally coming to rest at 1,998pts.
Asian Markets swung between gains and losses after valuations on the regional gauge climbed to the highest level this year as concern eased about conflicts in Iraq, Israel and Ukraine.
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
See Live Macro Calendar for full data line-up, incl. consensus expectations
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research