Getting latest data loading
Home / Morning Report / Morning Report

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 2 March 2020

Yesterday’s UK 100 Leaders Price (p) % Chg
ROLLS-ROYCE HOLDINGS PLC 620.0 3.2%
KINGFISHER PLC 189.4 1.8%
CARNIVAL PLC 2,435.0 1.6%
BT GROUP PLC 141.6 1.5%
JOHNSON MATTHEY PLC 2,511.0 1.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
TUI AG-DI 600.0 -8.5%
INTL CONSOLIDATED AIRLINE-DI 472.0 -8.4%
POLYMETAL INTERNATIONAL PLC 1194.0 -7.8%
HIKMA PHARMACEUTICALS PLC 1788.0 -6.4%
DS SMITH PLC 314.2 -6.3%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 6,581 -3.2% -7.4%
DOW JONES INDUS. AVG 25,409 -1.4% -2.4%
DAX INDEX 11,890 -3.9% 2.5%
NIKKEI 225 21,344 1.0% -1.2%
S&P/ASX 200 INDEX 6,392 -0.8% 3.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 45.81 2.35%
Brent Crude (ICE) USD/bbl. 51.04 2.76%
Gold Spot USD/t oz. 1,603 1.1%
Copper (Comex) USd/lb. 258 1.4%

 

UK 100 called to open +100 points at 6685

UK 100 : 1 day, 5 Years

Click graph to enlarge

Markets Overview:

 

UK 100 called to open +100 points at 6685;  Last weeks mass sell off showed signs of at least a pause on Monday, prompted by optimism that central banks will again save the day. U.S. futures saw modest gains after the S&P 500 Index closed out its worst week since 2008. Monday began with further declines in stocks and gains in bonds.  The BOJ offered to lend 500 billion yen ($4.6 billion) to financial firms after Governor Haruhiko Kuroda vowed to "provide ample liquidity and ensure stability in financial markets." prompting stocks to reversed declines.  The Nikkei closed the day 201 points higher at 21,344, The Hang Seng also followed higher, by 163 points closing at 26,303 and completing a green sweep in Asia, China closed 129 points higher at 4,069.   After getting caught up in last week’s punishing virus-driven sell-off that hit everything from equities to commodities, gold rebounded on Monday to refresh its credentials as a haven in troubled times. Expectations the OPEC+ alliance will deepen output cuts put a floor under last week’s 16% plunge in oil prices, with futures in New York rebounding even as the coronavirus continued to spread rapidly.

 

In corporate news this morning:

 

AstraZeneca announced that it has completed an agreement with Atnahs Pharma to divest its global commercial rights to Inderal (propranolol), Tenormin (atenolol), Tenoretic , Zestril (lisinopril) and Zestoretic.

 

Foxtons announce the acquisition of the entire issued share capital of London Stone Properties for £2.2m.

 

NMC Health has hired Moelis & Co to advise on debt restructuring to safeguard operational liquidity.

 

Sage Group announces the disposal of its Brazilian business for a non-cash loss on disposal of £15m.

 

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

 

 

Reporting Today:

 

Senior

Centamin 

 

Reporting Tomorrow:

 

Travis Perkins

Direct Line Group

Aggrekko 

Ashtead

Intertek 

Greggs

Fresnillo 

 

In Focus Today:

 

CN - Chinese Caixin Manufacturing 

 

UK - Markit Manufacturing PMI

 

US - ISM Manufacturing PMI 

This Week's Ex Dividends:

 

UK 100 :

 

BHP Group

 

Rio Tinto

 

Persimmon

 

Evraz

 

RSA Insurance

 

Standard Chartered 

 

:

 

Oxford Instruments

 

SSP Group

 

Safestore Holdings

 

McCarthy & Stone

 

Renishaw

 

St Modwen

 

Redrow

 

Ashmore Group

 

Hays

 

Dechra

 

Grafton

 

 

Upgrades/Downgrades

 

Associated British Foods Upgraded to Buy by Morningstar (Bloomberg: 16 Buys/ 6 Holds/ 2 Sells)

 

BAE Upgraded to Hold by Morningstar (Bloomberg: 12 Buys/ 10 Holds/ 1 Sells)

 

Glencore Upgraded to Buy by Morningstar (Bloomberg: 19 Buys/ 5 Holds/ 1 Sells)

 

Croda Upgraded to Hold by Morningstar (Bloomberg: 3 Buys/ 15 Holds/ 3 Sells)

 

Easyjet Downgraded to Add by Alphavalue (Bloomberg: 10 Buys/ 14 Holds/ 3 Sells)

 

Petropavlovsk Downgraded to Add by Peel Hunt (Bloomberg: 4 Buys/ 2 Holds/ 0 Sells)

 

Weir Group Upgraded to Hold by Shore Capital (Bloomberg: 10 Buys/ 12 Holds/ 0 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.

 


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.