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| UK 100 Leaders | Close | Chg | % Chg | % YTD |
| Burberry Group PLC | 1289 | 57 | 4.6 | 8.78 |
| Royal Bank of Scotland Group (The) PLC | 212.3 | 8 | 3.9 | 5.2 |
| Schroders PLC | 1373 | 41 | 3.1 | 4.49 |
| ARM Holdings PLC | 491.6 | 13.5 | 2.8 | -16.96 |
| Barclays PLC | 164.25 | 4.1 | 2.6 | -6.7 |
| RSA Insurance Group PLC | 111.6 | 2.7 | 2.5 | 6.08 |
| ICAP PLC | 318.8 | 7.7 | 2.5 | -8.1 |
| International Consolidated Airlines Group SA | 160.1 | 3.8 | 2.4 | 8.62 |
| UK 100 Laggards | Close | Chg | % Chg | % YTD |
| BG Group PLC | 1290 | -27.5 | -2.1 | -6.28 |
| Randgold Resources Ltd | 5635 | -75 | -1.3 | -14.43 |
| Kingfisher PLC | 271.6 | -3.6 | -1.3 | 8.34 |
| Vodafone Group PLC | 183.05 | -2.15 | -1.2 | 2.32 |
| Imperial Tobacco Group PLC | 2509 | -25 | -1 | 3.04 |
| United Utilities Group PLC | 690.5 | -5.5 | -0.8 | 13.94 |
| Vedanta Resources PLC | 902.5 | -7 | -0.8 | -11.08 |
| CRH PLC | 1204 | -9 | -0.7 | -5.94 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK 100 | 5714.19 | 28.42 | 0.5 | 2.55 |
| 11242.5 | 156.82 | 1.41 | 11.28 | |
| CAC 40 | 3263.64 | 28.24 | 0.87 | 3.29 |
| DAX (Xetra) | 6758.39 | 73.97 | 1.11 | 14.58 |
| Dow Jones Industrial Average | 12943.4 | 34.7 | 0.27 | 5.94 |
| Nasdaq Comp. | 2965.9 | 23.3 | 0.79 | 13.85 |
| S&P 500 | 1376.51 | 3.73 | 0.27 | 9.46 |
| Nikkei 225 | 8795.55 | 68.81 | 0.79 | 4.02 |
| Hang Seng | 19542.79 | 302.91 | 1.57 | 6.01 |
| S&P/ASX 200 | 4206.7 | 83.1 | 2.02 | 3.70 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil Light Sweet Composite | 92.195 | 0.055 | 0.06 | -6.86 |
| Gold Composite | 1581.05 | -8.05 | -0.51 | 0.94 |
| Silver Composite | 27.13 | -0.245 | -0.89 | -2.32 |
| Palladium Composite | 582.725 | -0.375 | -0.06 | -11.28 |
| Platinum Composite | 1416.05 | -3.95 | -0.28 | 1.07 |
| GBP/USD – US $ per £ | 1.5702 | – | -0.04 | 1.11 |
| EUR/USD – US$ per Euro | 1.2253 | – | -0.03 | -5.41 |
| GBP/EUR – Euros per £ | 1.2815 | – | 0 | 6.81 |
Click graph to enlarge
UK 100 called to open -5 points (still trading around 1 month resistance of 5700) after a choppy session in Asia finished lower. Tech stocks in the US continues to perform better than expected (Google and Microsoft – despite first loss ever) helping to drive the US higher. Gains though were limited by some pretty bleak macro data from the US; initial jobless claims rose to 386K v Exp. 365K, existing home sales were below forecasts and Philadelphia Fed also disappointing – attention was also paid to the employment component of the Philadelphia Fed which was at its lowest since the autumn of 2009.
In FX and Commodities, the dollar declined on Thursday and the euro rose to its highest level in nearly a fortnight as US economic data pushed stocks higher, lessening interest in the greenback as risk aversion diminished a tad. The weak data prompted some investors to believe the Federal Reserve will be more likely to initiate further quantitative easing, although none of the main data points were quite as weak as they first appeared. Crude oil futures settled at their highest level since mid-May on Thursday evening, rounding off seven consecutive days of gains, pushed higher by events in the Middle East. There are concerns over oil supply from the Middle East after Israeli authorities said on Wednesday that Iran was responsible for a bombing in Bulgaria.
Light today for macro news but keep an eye on US earnings – with General Electric before the bell.
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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