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Morning Report - 27 September 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
AVEVA GROUP PLC 3,712.0 4.2%
NEXT PLC 6,028.0 4.0%
JD SPORTS FASHION PLC 724.0 3.2%
3I GROUP PLC 1,146.0 3.1%
SEVERN TRENT PLC 2,135.0 3.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
PEARSON PLC 740.0 -14.0%
IMPERIAL BRANDS PLC 1798.2 -12.9%
CARNIVAL PLC 3389.0 -7.2%
INTL CONSOLIDATED AIRLINE-DI 461.0 -4.0%
EVRAZ PLC 460.0 -1.2%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,351 0.8% -2.6%
DOW JONES INDUS. AVG 26,891 -0.3% 1.7%
DAX INDEX 12,289 0.4% -1.2%
NIKKEI 225 21,879 -0.8% -8.1%
S&P/ASX 200 INDEX 6,716 0.6% 8.7%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 56.17 -0.43%
Brent Crude (ICE) USD/bbl. 62.27 -0.75%
Gold Spot USD/t oz. 1,504 0.0%
Copper (Comex) USd/lb. 259 0.3%
UK 100 called to open flat at 7290

UK 100 : 4 hours, 2 Month

Click graph to enlarge

Markets Overview:

UK 100 called to open +20 points at 7371; This welcome green open comes on the back of an under pressure trading session in Asia, political tensions in the US fed through to mute sentiment, with risk off sentiment very much the order of the day, seeing the Nikkei giving up 1.3% during trading. Stateside it was a similar story after Donald Trump lashed out a “whistleblower” whose complaint is fuelling a congressional impeachment probe and suggested that passing along allegations that he committed wrongdoing was tantamount to treason. However on a positive note the Dow did recover almost 100 points from its bottom to closing value. Crude oil bounced from the $61 level seen yesterday to settle at $62.3. Whilst gold held firm at $1505, could this be a sign however that risk On sentiment is still in full flow, despite geopolitical tensions running high, the traditional safe haven has barely moved?

 

In corporate news this morning:

 

Pennon Group announced that it is on track meet management expectations for 19/20, with a strong funding and liquidity position.  

Ted Baker announce that Rachel Osborne will become its new finance chief once she steps down from her role at Debenhams.

 

Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Upgrades/Downgrades:

 

Tui downgraded to Add by Alphavalue (Bloomberg: 15 buys/ 8 holds/ 1 Sells)

 

Keller Group downgraded to hold by Numis (Bloomberg: 4 buys/ 2 holds/ 0 sells)

 

Micro Focus upgraded to neutral by JP Morgan (Bloomberg: 3 buys/ 3 holds/ 4 sells)

 

In Focus Today:

 

UK Mortgage approvals

EU Consumer Confidence

 

Companies reporting today:

 

Pennon

 

 

Companies reporting Next week:

Tesco, Greggs, Ted Baker

 

(Full list available on Week in advance)

 

Next Week's Ex-Dividends:

DS Smith - 3.2%

 

Taylor Wimpey - 2.4%

 

WPP - 2.3%

 

British American Tobacco - 1.8%

 

Hays - 5.6%

 

(Full list available on Week in advance)

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