RAMSEY CROOKALL & CO

EVENING MARKET REPORT

4th JUNE 2010

Disappointing jobs growth in the US sent the London market firmly lower.

The number of Americans on company payrolls grew by 431,000 in May, but most of the increase was down to hiring temporary workers to carry out the US census.

Net payrolls were up 20,000 whereas economists had been hoping for a figure above 500,000.

BP climbed 1p to 433p as more optimistic reports emerge from the Gulf of Mexico on its attempts to curb the oil spillage.

Shares in Rockhopper Exploration climbed 79p to 319p after the North Falkland Basin oil and gas exploratory company gave an update on a well on its Sea Lion prospect. Independent evaluator RPS energy has revised its best estimate of the well’s recoverable reserves from 170 million barrels to 242 million barrels, with a significant upside potential.

In UK economic news, new car registrations rose 13.5% in May to 153,095 vehicles compared with the same month a year ago.

House prices fell again in May, according to the Halifax, as rising unemployment curbed demand for housing just as more home owners gained the confidence to put their property on the market.

Budget airline Easyjet flew 7.9% more passengers in May than it did the same time last year despite the impact of the volcanic ash clouds.



THE FTSE 100 CLOSED DOWN 85 @ 5126

THE DOW JONES AT 4.30 IS DOWN 213 @ 10,042

THE NASDAQ COMP AT 4.30 IS DOWN 42 @ 2260

Exchange Rates

GBP – USD 1. 45

GBP – EUR 1. 208