Today's Main Events
- 10:00 EU CPI
- 10:00 EU Unemployment Rate
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 |
| easyJet PLC | 1633 | 88.0 | 5.7 | 6.3 |
| International Consolidated Airlines Group SA | 457.8 | 21.0 | 4.8 | 14.1 |
| TUI Travel PLC | 433.3 | 15.8 | 3.8 | 4.9 |
| ITV PLC | 212.9 | 5.7 | 2.8 | 9.7 |
| Intu Properties PLC | 357.6 | 9.2 | 2.6 | 27.3 |
| Admiral Group PLC | 1248 | 32.0 | 2.6 | -4.7 |
| Barclays PLC | 243.8 | 5.8 | 2.4 | -10.4 |
| Smith & Nephew PLC | 1133 | 26.0 | 2.4 | 31.6 |
| UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Tullow Oil PLC | 464.9 | -36.1 | -7.2 | -45.6 |
| Petrofac Ltd | 843.5 | -56.0 | -6.2 | -31.1 |
| BG Group PLC | 986.7 | -62.8 | -6.0 | -24.0 |
| Weir Group PLC | 1960 | -98.0 | -4.8 | -8.1 |
| Royal Dutch Shell PLC | 2265.5 | -101.0 | -4.3 | -0.6 |
| Fresnillo PLC | 731 | -24.0 | -3.2 | -2.0 |
| Randgold Resources Ltd | 4345 | -129.0 | -2.9 | 14.6 |
| BP PLC | 426.2 | -11.7 | -2.7 | -12.7 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 6,723.4 | -5.8 | -0.09 | -0.4 |
| UK | 15,889.7 | 101.3 | 0.64 | -0.3 |
| FR CAC 40 | 4,382.3 | 8.9 | 0.20 | 2.0 |
| DE DAX 30 | 9,974.9 | 59.3 | 0.60 | 4.4 |
| US DJ Industrial Average 30 | 17,827.8 | 12.8 | 0.07 | 7.5 |
| US Nasdaq Composite 100 | 4,787.3 | 29.1 | 0.61 | 14.6 |
| US S&P 500 | 2,072.8 | 5.8 | 0.28 | 12.1 |
| JP Nikkei 225 | 17,459.9 | 211.4 | 1.23 | 7.2 |
| HK Hang Seng Index 48 | 24,036.7 | 32.4 | 0.13 | 3.1 |
| AU S&P/ASX 200 | 5,313.0 | -87.9 | -1.63 | -0.7 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, US Light Sweet ($/barrel) | 68.04 | -0.50 | -0.73 | -30.6 |
| Crude Oil, Brent ($/barrel) | 71.42 | -0.05 | -0.06 | -35.5 |
| Gold ($/oz) | 1185.55 | -3.25 | -0.27 | -1.3 |
| Silver ($/oz) | 16.14 | -0.12 | -0.72 | -16.3 |
| Platinum ($/oz) | 1216.00 | -13.00 | -1.06 | -11.5 |
| GBP/USD – US$ per £ | 1.571 | – | -0.09 | -5.0 |
| EUR/USD – US$ per € | 1.245 | – | -0.08 | -9.4 |
| GBP/EUR – € per £ | 1.262 | – | 0.00 | 4.7 |
See Live Macro Calendar for full data line-up, incl. consensus expectations
The UK 100 Index is called to open lower by 5pts at 6718 having shed 5pts yesterday following a slump in oil-related stocks.
OPEC (Organisation of the Petroleum Exporting Countries) met yesterday in Vienna and decided not to cut output despite crude oil prices falling 30% since June on sluggish global demand and rising production from the US. The news sent oil prices crashing yesterday, over 7% at one point.
The reaction in oil-related equities was aggressive. Tullow Oil (TLW.L) led stocks lower falling 7.2% by the close of business. Petrofac (PFC.L), BG Group (BG.L), Weir Group (WEIR.L), Royal Dutch Shell (RDSA/B.L) and BP (BP.L) all endured abnormal share price moves, down as much 6%.
Shares in Barclays (BARC.L) approached a six-month high after Goldman Sachs recommended investors buy shares in the bank.
If the news was bad for those who sell oil for a living, it was certainly good for those who buy it! EasyJet (EZJ.L) topped the UK 100 Index adding 5.7%, closely followed by International Consolidated Airlines (IAG.L) and TUI Travel (TT.L), up 4.8% and 3.8% respectively.
US markets posted modest gains. The Dow Jones closed higher by 12pts at 17,827 in a subdued session on thin volume with many participants starting the Thanksgiving holiday early. By aware the US trading hours are shortened today, markets will close at 6pm GMT.
Asian markets enjoyed a positive session. Japanese CPI data led to chatter of further stimulus from the BoJ, this in turn pushed the Yen lower and exporter share prices higher. The Nikkei gained 1.23% to 17,460pts.
In commodities, oil is dominating the headlines, trading at the lowest levels in 4 years. US light crude now trading a $68.50 a barrel, while Brent trades at $72.50 after oil cartel OPEC decided not to reduce production. The price of gold has eased slightly from $1200, currently at $1187 on profit taking ahead of the weekend's Swiss Referendum. Five million Swiss voters are to decide on a proposal that would force the central bank to triple its gold reserves - experts predict a rally in the price of the yellow metal although some believe it'll never happen - watch this space.
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