This Week: The markets started the week by dipping further on the Monday before regaining by the end of the day and continuing to gain through Tuesday to above 5960 Wednesday and much of Thursday before again plunging down to 5900 Friday although did regain some ground before close of trade on Friday and the week’s close. The markets ended the week higher than at the start. FTSE 100 Peak: 5977.82 (mid-week); Trough: 5456.97 (start of week).
The Month: The High Point over the last month was 5977.82 this week. The Lowest Point was 5773.86 end of November. The FTSE 100 at the start of the current rolling month has been around 5790 whilst the index has gradually climbed to the week’s close at 5939.99. Overall there is an approximate 150 points increase in the FTSE over the last rolling month. Despite the rises and falls of this month, December has now seen an increase in the overall level compared to the start of the rolling three month comparison period.
The overall view of the last 6 months is still more of a general increase with the index reaching some 400 points higher than the 6 months start.
The figures below are closing numbers as at Friday 21st December 2012
FTSE 100 5939.99 0.31% on the week
FTSE All Share 3111.17 0.41% on the week
Brent Crude $ per barrel 108.97 -0.16% on the week
Gold $ per troy ounce 1650.50 -2.70% on the week
Silver $ per troy ounce 29.89 -8.09% on the week
Copper US$ per tonne 7791.00 -3.40% on the week (LME 3 months)
Wheat Futures CBOT 792.00 -1.12% on the week (US$ per bushel – Contract 5000 bushels/136 tonnes)
Palm Oil US$ per tonne 807.50 4.53% on the week (eg CMEGlobex – trading unit 25 tonnes – mirror and settle to Malaysian ringgit benchmark)
MPC Base Rate % 0.50 (Bank of England Base/Repo Rate) since 05/03/2009
Euro Repo Rate % 0.75 since 05/07/2012
US Libor % 0.16350 last week : 0.16250
Euro Libor % 0.01500 last week : 0.01357
GBP Libor % 0.48000 last week : 0.48000
Euro Euribor 3 mnths % 0.18 last week : 0.18
Sterling CDs 3 mnths % 0.49 last week : 0.49
RONIA % 0.4720 l wk : 0.4712 (Repurchase Overnight Index Ave Rate)
SONIA % 0.4335 l wk : 0.4293 (Sterling Overnight Index Ave Rate)
HFRX 1147.02 0.25% on the week (Global Hedge Fund Index)
10 Year Government Bond (Gilt) Price £98.45 Yield 1.93%
One Pound will buy 1.6182 US Dollars
One Pound will buy 1.2283 Euros
CPI Inflation stands at 2.7% as at Nov 2012 Currently the Gov’t measure of inflation
Retail Prices Index : 3.0% as at Nov 2012 Previously the Gov’t measure of inflation
Inflation Target for the time being: 2.0% based on the Consumer Prices Index (CPI)
The Government’s Inflation Target is announced each year by the Chancellor of the Exchequer in the annual Budget statement. The Bank of England Monetary Policy Committee has the aim to set interest rates so that over- or under- inflation can be brought back to Inflation Target over a reasonable time period without creating undue instability in the economy. Inflation Target is not a permanently fixed level and may vary depending on prevailing economic and fiscal conditions.
KEY to Important Indeces:
Photo Credit: SBG PhotoStock