RAMSEY CROOKALL & CO

EVENING MARKET REPORT

7th JUNE 2010



Leading shares fell this afternoon after a soft open in the US and weak Far Eastern markets overnight.

Mining stocks were largely responsible for the fall. Lonmin, Vedanta and the two sector giants BHP Billiton and Rio Tinto were among the worst performers as traders reduce their exposure to metals.

BP lost early gains after it had some success in stemming the flow of oil in the Gulf of Mexico. The latest attempt to stop the leak is only capturing half the oil, but that is a lot more than last week.

The Gulf of Mexico oil spill has now cost BP a staggering $1.25 billion and is expected to keep rising for many months to come.

Barclays was down 3p to 286p after being downgraded. The banking sector was knocked in early trading by concerns that a banking levy would be introduced in the Budget on 22 June .

Life insurer Prudential moved to nip in the bud any rebellions at its AGM today by revealing strong trading figures for April and May.



THE FTSE 100 CLOSED DOWN 57 @ 5069

THE DOW JONES AT 4.30 IS DOWN 1 @ 9929

THE NASDAQ COMP AT 4.30 IS DOWN 14 @ 2205

Exchange Rates

GBP – USD 1. 45

GBP – EUR 1. 21