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Morning Report - 6 February 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
SMURFIT KAPPA GROUP PLC 2,900.0 6.7%
DS SMITH PLC 374.0 6.1%
MONDI PLC 1,657.5 5.1%
INFORMA PLC 820.0 4.4%
INTL CONSOLIDATED AIRLINE-DI 617.2 3.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
IMPERIAL BRANDS PLC 1821.6 -6.7%
GLAXOSMITHKLINE PLC 1739.6 -4.2%
NMC HEALTH PLC 970.0 -3.2%
VODAFONE GROUP PLC 147.0 -2.8%
BT GROUP PLC 158.3 -2.8%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,482 0.6% 4.3%
DOW JONES INDUS. AVG 29,291 1.7% 15.4%
DAX INDEX 13,478 1.5% 19.0%
NIKKEI 225 23,874 2.4% 14.4%
S&P/ASX 200 INDEX 7,049 1.1% 17.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 51.90 2.27%
Brent Crude (ICE) USD/bbl. 56.31 1.86%
Gold Spot USD/t oz. 1,558 0.1%
Copper (Comex) USd/lb. 261 1.2%
UK 100 called to open +36 points at 7518

UK 100 : 1 hours, 4 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +36 points at 7518; Global stocks climbed back within 1% of an all-time high, and bond yields rose, on optimism the global economy will weather the hit from the coronavirus, sentiment that was strengthened Thursday by China’s plans for tariff cuts on U.S. imports.  Also in focus was The U.S. Senate voting to acquit President Donald Trump on charges he abused his power and obstructed Congress, ending a historic, bitterly partisan fight and leaving the final judgement on his actions up to voters in November.  The Nikkei closed at 23,873 (+554 points) & the Hang Seng added 646 points to close =2.41% at 27,433.  It was as positive in the U.S. yesterday, the Dow Jones +483 points to close at 29,290, the S&P 500 closed 1.13% higher at 3,334 points & the Nasdaq completed the green sweep, adding 40 points to close at 9,508 (Fresh all time highs).  Oil surged for a second day on optimism OPEC+ will agree on deeper cuts in response to virus-led demand destruction, and as China signalled it will cut tariffs on $75 billion of imports from the U.S. later this month, trading at $57 per barrel.  Gold held steady at $1557.

In corporate news this morning:

 

Diploma announce the appointment of Barbara Gibbes as CFO. 

 

Royal Mail have stated its outlook is "challenging" (as addressed letter volumes were not recovering as expected) although recent trading was in line with forecasts, helped by a busy Christmas and a December national election. Revenue increased +3.7%, and confirmed its adjusted group operating profit for 19-20 was expected to be £300-340m. 

 

Tate & Lyle issued a trading statement stating underlying performance of the Group was consistent with the first half and in line with our expectations.  Company guidance for the year ending 31 March 2020 remains unchanged.

 

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

 

 

Reporting Today:

 

Ashmore

 

Compass Group

 

GVC Holdings

 

Easyjet

 

Future

 

Royal Mail

 

Beazley

 

Tate & Lyle

 

Staffline Group

 

Reporting Tomorrow:

 

Bellway

 

In Focus Today:

 

US - Initial Jobless Claims 4-Week Average

 

Today's Ex Dividends:

 

UK 100 :

 

Sage Group

 

:

 

Paypoint

 

GCP infrastructure Investments

 

Edinburgh Investment Trust

 

Daejan Holdings

 

Upgrades/Downgrades

 

CMC Markets Downgraded to Add by Peel Hunt (Bloomberg: 3 Buys/ 1 Holds/ 0 Sells)

 

Unilever Downgraded to Hold by Morningstar (Bloomberg: 9 Buys/ 6 Holds/ 5 Sells)

 

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.

 


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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.


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