Market Numbers: Friday 24th May 2013

Market NumbersThis Week’s Snapshot View of the Markets: Below are closing numbers as at Friday 24th May 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                              6654.34        -1.02%    on the week

FTSE All Share                     3506.56        -1.15%    on the week

Brent Crude $ per barrel        102.64        -1.10%     on the week

Gold $ per troy ounce          1390.25         1.57%     on the week

Silver $ per troy ounce            22.38        -0.62%     on the week

Copper US$ per tonne         7275.00        -1.01%     on the week   (LME 3 months)

Wheat Futures CBOT            697.50          1.42%     on the week   (US$ per bushel – Contract 5000 bushels/136 tonnes)

Palm Oil US$ per tonne        855.00          0.59%   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 %                0.50  since 02/05/2013 (previously 0.75)

US Libor %                            0.13500   last week : 0.14650

Euro Libor %                         0.2500   last week : 0.02357

GBP Libor %                         0.48188  last week : 0.48250

Euro Euribor 3 mnths %     0.20   last week : 0.20

Sterling CDs 3 mnths %       0.48  last week : 0.59

RONIA  %                            0.4271  l wk : 0.4399 (Repurchase Overnight Index Ave Rate)

SONIA   %                            0.4214  l wk : 0.4363 (Sterling Overnight Index Ave Rate)

HFRX                                    1206.26           0.06%  on the week  (Global Hedge Fund Index)

10 Year Government Bond (Gilt) Price     £98.62      Yield    1.91%

One Pound will buy 1.5139 US Dollars

One Pound will buy 1.1708 Euros

CPI Inflation stands at 2.4% as at Apr 2013     Currently the old Gov’t measure of inflation

CPIH Inflation stands at 2.2% as at Apr 2013   Currently the new Gov’t inflation measure

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

Retail Price Inflation RPIJ – Jevon’s formula – NEW:  2.3% as at Apr 2013

(RPIJ is an experimental index – results of the trial due Summer 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 

Whilst every effort is made to ensure accuracy of the above information, this cannot be guaranteed and cannot be relied upon to be free from errors, omissions or inaccuracies.

This information update is provided for convenience and interest only and is not intended nor does it constitute any form of regulated or other advice and no liability is accepted. You should not use this update as a basis for making decisions.

You should confirm independently any information you wish to rely on to make any decisions – in any case you should seek and take appropriate and timely independent financial legal or other advice including full and proper discussions about the level of financial legal or other risk involved before deciding on any action transaction or inaction.

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