This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| LONDON STOCK EXCHANGE GROUP | 7,206.0 | 5.9% |
| EVRAZ PLC | 523.4 | 4.4% |
| PERSIMMON PLC | 2,030.0 | 4.0% |
| BRITISH LAND CO PLC | 553.6 | 4.0% |
| FRESNILLO PLC | 729.2 | 3.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| ANTOFAGASTA PLC | 893.2 | -2.9% |
| INFORMA PLC | 826.6 | -1.0% |
| ROYAL DUTCH SHELL PLC-A SHS | 2305.5 | -1.0% |
| ROYAL DUTCH SHELL PLC-B SHS | 2298.5 | -0.9% |
| INTERTEK GROUP PLC | 5398.0 | -0.7% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 7,338 | 1.0% | 0.9% |
| DOW JONES INDUS. AVG | 27,137 | 0.9% | 4.5% |
| DAX INDEX | 12,359 | 0.7% | 3.3% |
| NIKKEI 225 | 21,787 | 0.9% | -3.6% |
| S&P/ASX 200 INDEX | 6,655 | 0.3% | 8.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 55.97 | -2.49% |
| Brent Crude (ICE) | USD/bbl. | 61.02 | -2.18% |
| Gold Spot | USD/t oz. | 1,497 | 0.0% |
| Copper (Comex) | USd/lb. | 262 | -0.4% |
Click graph to enlarge
UK Index called to open +50 Points at 7370 this morning; This comes on the back of news that China plans to exempt certain US goods from retaliatory tariffs, as fresh talks loom. This 'Olive branch' from China sent global markets soaring, ad Donald Trump postponed 5% extra tarriffs on $250bn worth of imports from China by 2 weeks to October 15th as a gesture of goodwill. the Dow Jones making it 6 straight days of gains and breaking through 27000 (adding 227 points to close above 27130). This drove risk on in Asia, seeing a green sweep across the board. This momentum has also filtered through into UK Index futures, with a green open expected this side of the Atlantic also, having yesterday broken through that key 7300 level, meaning a one month gain on the UK Index of over 300 points (+4.5%). Oil fell sharply yesterday and overnight, seeing the $63 handle breached and settling around $61 a barrel. Gold has recovered from its lowest levels settling just shy of the key $1500 handle, having been as low as $1484.
Amerisur Resources reported H1 2019 revenues of $53.8m (2018: $67.9m), profit before tax of $4.4m (2018: $12.5m). They expect to reach or exceed the top of full year 2019 production guidance of 5,000-6,000 BOPD.
Hurricane Energy announce positive results from their Lincoln Crestal well
Morrison WM Supermarkets reported +5.3% rise in first-half profit, though quarterly underlying sales fell for the first time since 2016. Pretax profit of £198m (2018: £188-192m). They expect retail and like-for-like sales to improve for full year 2019.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
Intercontinental Hotels Group Downgraded to Underweight by J.P Morgan (Bloomberg: 4 Buys/ 6 Holds/ 11 Sells; 12 month average target price 5074p)
Lloyds Bank Downgraded to Sell by Goldman Sachs (Bloomberg: 16 Buys/ 7 Holds/ 4 Sells; 12 month average target price 62.91p)
EU Industrial Production
ECB Interest Rate Decision
US Initial Jobless Claims
Amerisur Resources, Sound Energy, Morrisons, EVR Holdings
JD Wetherspoons
Melrose - 0.8%
Stagecoach - 2.9%
Restaurant Group - 1.6%
Cineworld - 1.4%
(Full list available on Week in advance)
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.