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| Yesterday’s UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| GKN PLC | 463 | 40 | 9.5 | 45.0 |
| Mediclinic International PLC | 601 | 29.2 | 5.1 | -7.5 |
| International Consolidated Airlines Group SA | 614.6 | 17.6 | 3.0 | -5.6 |
| Fresnillo PLC | 1268.5 | 36 | 2.9 | -11.2 |
| Anglo American PLC | 1661 | 44.2 | 2.7 | 7.2 |
| Yesterday’s UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Prudential PLC | 1778.5 | -60.5 | -3.3 | -6.7 |
| Compass Group PLC | 1455.5 | -29.5 | -2.0 | -9.0 |
| InterContinental Hotels Group PLC | 4268 | -76 | -1.8 | -9.6 |
| Johnson Matthey PLC | 3042 | -50 | -1.6 | -1.1 |
| Ferguson PLC | 5354 | -86 | -1.6 | 0.5 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 7,056.6 | 11.9 | 0.17 | -8.2 |
| UK | 19,460.5 | 103.9 | 0.54 | -6.1 |
| FR CAC 40 | 5,167.3 | 36.9 | 0.72 | -2.7 |
| DE DAX 30 | 12,096.7 | 156.0 | 1.31 | -6.4 |
| US DJ Industrial Average 30 | 23,644.3 | -458.8 | -1.90 | -4.4 |
| US Nasdaq Composite | 6,870.1 | -193.3 | -2.74 | -0.5 |
| US S&P 500 | 2,581.9 | -59.0 | -2.23 | -3.4 |
| Commodities | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, West Texas Int. ($/barrel) | 63.07 | 0.00 | 0.01 | 4.9 |
| Crude Oil, Brent ($/barrel) | 67.72 | 0.17 | 0.26 | 1.6 |
| Gold ($/oz) | 1339.18 | -2.63 | -0.2 | 2.8 |
| Silver ($/oz) | 16.34 | 0.02 | 0.12 | -3.2 |
Click graph to enlarge
UK 100 Index called to open down 70pts at 7000 following the sell-off in the US and Asian markets. Bears are eyeing a break be 6980 which could extend losses back to March lows of 6920. Bulls will be hoping for a rebound back to 7020 before trying to fill the overnight gap towards 7080.
Calls for the negative start stems from the continued trade war concerns between the US and China, not helped with imposed tariffs from the Chinese provoking more reaction from Trump sending Wall Street down as much as 760pts before recovering slightly at the close.. The tech sector also bore the brunt of the sell off as Trump also decided to tweet and hammer Amazon (-5%), that they were cheating the US Postal Services. Facebook -3%, Netflix -5% and Alphabet -3% fell respectively. With continued speculation that more tariffs will be implemented in a tit-for-tat trade war, traders will no doubt remain vigilant.
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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