Market overview: Morrison and Glencore lead drop
1630: Close Stocks ended the day lower pressured by weaker than expected economic data out of China on Sunday and a warning from the BIS regarding the degree of exposure of emerging market economies to a rate rise by the US Fed. Morrison was the biggest faller on the top flight index following a negative report out of HSBC. Marks & Spencer, Sainsbury and Tesco were both dragged lower too as the BRC-Springboard survey highlighted the low footfall hitting the retail industry in August. Glencore finished in the red too, despite what appeared to be supportive comments from Credit Suisse. Three-month copper futures declined 0.8% to $5,306 per metric tonne on the LME. FTSE 100 down 33.17 points to 6,084.59.
Aberdeen Asset Management
317.60p
17:09 11/08/17
Apple Inc.
$165.00
13:04 19/04/24
ARM Holdings
1,700.00p
17:09 02/09/16
BHP Group Limited NPV (DI)
2,340.00p
16:55 19/04/24
Dow Jones I.A.
37,986.40
04:30 15/10/20
Financial Services
14,075.11
17:09 19/04/24
Food & Drug Retailers
3,705.02
17:10 19/04/24
FTSE 100
7,895.85
16:59 19/04/24
FTSE 250
19,391.30
17:09 19/04/24
FTSE 350
4,341.08
17:09 19/04/24
FTSE All-Share
4,296.41
17:08 19/04/24
Henderson Group
233.70p
17:04 26/05/17
International Consolidated Airlines Group SA (CDI)
169.50p
16:40 19/04/24
Man Group
251.00p
16:45 19/04/24
Mining
10,765.51
17:10 19/04/24
Morrison (Wm) Supermarkets
286.40p
16:55 26/10/21
Nasdaq 100
17,037.65
12:15 19/04/24
Technology Hardware & Equipment
1,920.18
16:30 11/04/24
Tesco
281.40p
16:59 19/04/24
Travel & Leisure
7,521.61
17:10 19/04/24
1451: Sales of Apple’s iPhone 6S and iPhone 6 Plus over the past weekend are on track to set a record, the manufacturer said, citing figures for pre-orders for the first 24 hours. "Customer response to iPhone 6s and iPhone 6s Plus has been extremely positive and pre-orders this weekend were very strong around the world," a spokeswoman for the Cupertino, California-based company said. As of 14:50 shares of the $651.3bn market capitalisation firm were rising 1.47% to $115.89 in NASDAQ trading. However, this time around sales in China will coincide with those in the rest of the world. Apple has also put in place a new leasing programme.
1255: Three-month copper futures are retreating 1.2% to hit $5,304.50 per metric tonne on the LME following data from China this past weekend. One report is also referencing a report from Barclays in which its analysts cut their 2016 GDP view for the Asian giant.
1100: Exane has started coverage of Man Group and Henderson Group at outperform but of Aberdeen Asset Management at underperform.
1008: Shares in IAG are moving up the leaderboard after analysts at Credit Suisse upped their target on the stock to 852p from 750p beforehand while reiterating their outperform stance on the shares.
0928: Shares in ARM Holdings are doing best on the top flight index. Ahead of its Analyst Day the stock may be getting a favourable tailwind after a very positive article in Barron’s on the outlook for Apple, one of its main clients. Macquarie also reportedly issued an upbeat assessment of the company over the weekend.
0854: Stocks have begun the morning higher on the back of last Friday’s gains on Wall Street , although the Shanghai Composite Index did finish the session lower today. Miners are strongest in the early going thanks to an upgrade out of analysts at JP Morgan. Investors thus seem to be brushing off weaker than expected numbers on Chinese industrial production and fixed asset investment on Sunday. To take note of, the BIS has warned of fault-lines emerging between emerging market economies and developed ones as the US Fed attempts to begin to normalise interest rates. FTSE 100 up by 46.81 points to 6,164.67.