Market Numbers: Friday 5th April 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 5th April 2013. For more discussion about how the financial markets may affect your own personal or business financial situation, protection, pensions or investments, why not get in touch?: 01276 471083 OR cedar@s-cm.com

Market Numbers

FTSE 100                              6249.78       -2.53%    on the week

FTSE All Share                     3292.67       -2.60%    on the week

Brent Crude $ per barrel     106.34         -3.34%     on the week

Gold $ per troy ounce         1568.00       -1.89%     on the week

Silver $ per troy ounce         26.97         -5.83%     on the week

Copper US$ per tonne       7412.00       -2.64%     on the week   (LME 3 months)

Wheat Futures CBOT          699.00         1.64%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne      832.50       -0.30%   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 %                            0.15400   last week : 0.15600

Euro Libor %                         0.02357   last week : 0.02643

GBP Libor %                         0.48250  last week : 0.48625

Euro Euribor 3 mnths %     0.21   last week : 0.21

Sterling CDs 3 mnths %       0.48  last week : 0.55

RONIA  %                            0.4954  l wk : 0.4830 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4452  l wk : 0.4203 (Sterling Overnight Index Ave Rate)

HFRX                                    1180.40         -0.33%  on the week  (Global Hedge Fund Index)

10 Year Government Bond (Gilt) Price     £100.85      Yield    1.65%

One Pound will buy 1.5352 US Dollars

One Pound will buy 1.1789 Euros

CPI Inflation stands at 2.8% as at Feb 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.6% as at Feb 2013   Currently the new Gov’t inflation measure

Retail Prices Index:         3.3% as at Jan 2013     No longer a Gov’t measure of inflation

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.6% as at February 2013

Inflation Target expected to stay in place: 2.0%  based on the Consumer Prices Index (CPI)

The Chancellor confirmed in his Budget Speech Wednesday 20th March 2013 that the 2% Inflation target for the Bank of England would stay in place.

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 as one of its aims, 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:

RONIA – Repurchase Overnight Index Average Rate – Launched June 2011

Changes to Method of Calculating Inflation Measurement Index – March 2013

Metal and Precious Metal Pricing used in Market Numbers 

Photo Credit: SBG PhotoStock

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